February 23rd, 2009
04:58 AM ET
5 years ago

POLITICAL HOT TOPICS: Monday, February 23, 2009

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WASHINGTON/POLITICAL
For the latest political news: www.CNNPolitics.com.

CNN: GOP governors: Stimulus money may hurt in long run
Though they support some federal action to help their states recover from the recession, several Republican governors said Sunday they plan to turn down a portion of what's offered in the stimulus bill that President Obama signed last week.

CNN: Obama in perpetual campaign, Barbour says
It's no coincidence President Obama has traveled to key swing states to push his massive stimulus measure, Mississippi Gov. Haley Barbour said Sunday.

CNN: McConnell stops short of calling for Burris to resign
Senate Minority Leader Mitch McConnell Sunday stopped short of calling on embattled Illinois Sen. Roland Burris to resign, saying he'll follow the recommendation of the Senate Ethics Committee.

Washington Post: Supporters Upbeat About Bill to Give D.C. a Vote in Congress
Supporters of D.C. voting rights believe that they are on the verge of their biggest victory in at least 30 years as the Senate prepares to take up a bill this week creating a full House seat for the District

WSJ Op-Ed: Gillespie: How the GOP Should Approach TARP 2.0
As the administration of George W. Bush was developing the $700 billion Troubled Asset Relief Program (TARP) last fall, the perils of moral hazard and government control over our nation's financial sector were well understood.

NYT: Many Specialists at Private Universities Earn More Than Presidents
While generous compensation packages for college presidents have come under increasing public scrutiny, other university employees often earn far more.

Washington Times: EXCLUSIVE: Postmaster's pay to be probed
Congress will hold a hearing next month into why Postmaster General John E. Potter has gotten a nearly 40 percent pay raise since 2006 and was awarded a six-figure incentive bonus last year, even as the U.S. Postal Service faces a multibillion-dollar shortfall that threatens a day of mail delivery.

International Herald Tribune: Kennedy at 77: Racing time with goals to meet
After the president of Harvard hailed him as a "national leader but a local servant," after the pastor read the "Let us now praise famous men" passage from the Bible and after the cellist Yo-Yo Ma honored him by performing a Gershwin prelude, Senator Edward Kennedy lumbered across the antique stage.

NATIONAL/INTERNATIONAL
For the latest national and international news: www.CNN.com.

CNN: Tourist killed, 23 other people wounded in Egypt bombing
A bombing in one of the Egyptian capital's busy tourist districts killed a French tourist Sunday and wounded 23 other people, including 18 Europeans, Egyptian authorities reported.

CNN: Clinton sets framework for U.S.-Asia relations
U.S. Secretary of State Hillary Clinton wrapped up a 20,000-mile, four-nation trip to Asia - her first in the new post - emphasizing that the United States is actively engaged with the region.

CNN: Brown: World needs 'global New Deal'
world needs a "global New Deal" to haul it out of the economic crisis it faces, Prime Minister Gordon Brown of the United Kingdom said Sunday.

NYT: Secret U.S. Unit Trains Commandos in Pakistan
More than 70 United States military advisers and technical specialists are secretly working in Pakistan to help its armed forces battle Al Qaeda and the Taliban in the country’s lawless tribal areas, American military officials said.

WSJ: Indian Outsourcing Firms Lay the Groundwork to Hire More Americans
A wave of anti-offshoring sentiment in the U.S. Congress is prompting India's biggest tech companies to prepare for something unexpected: hiring Americans.

CNN: Amnesty International calls for arms embargo against Israel, Palestinians
The human rights group Amnesty International is calling on the United Nations to impose an arms embargo on Israel and the Palestinians, saying both sides used weapons supplied from abroad to carry out attacks on civilians during their three-week conflict in Gaza.

USA Today: Soldiers still waiting for tour bonuses
The Pentagon has not started complying with a law requiring the payment of monthly bonuses of up to $500 to soldiers forced to remain on active duty beyond their enlistment period, military officials said.

Haaretz: Iran inches closer to the bomb
This time we are not dealing with an intelligence assessment based on shadowy sources, or statements by politicians on the eve of elections, but rather a technical report by United Nations experts, who examined findings in the field and whose credibility is beyond reproach. Inspectors from the International Atomic Energy Agency found that Iran has crossed the "technological threshold," and has built up one ton of enriched uranium. If the material undergoes further processing at the Natanz enrichment facility, it will be sufficient to produce one nuclear bomb.

BUSINESS
For the latest business news: www.CNNMoney.com.

CNN: Citi in talks over bigger U.S. stake – Report
Citigroup Inc. is in discussions with regulators about a plan for the federal government to take a larger ownership stake in the bank, according to a report Sunday.

CNN: Economists see deeper pain, followed by gain
A survey of leading economists finds them now forecasting a far deeper and more painful recession ahead in the first half of the year, but a modest pickup in the second half of 2009, followed by a solid recovery in 2010.

Bloomberg: Dollar, Yen Weaken on Speculation U.S. to Raise Citigroup Stake
The dollar and the yen fell against the euro on speculation the U.S. government will take larger stakes in domestic banks to shore up the nation’s financial system, helping revive demand for riskier assets.

WSJ: Rising Sales of Used Luxury Cars Are Boon and Curse
Times are hard, but lots of Americans still have good jobs, and still want to drive around in style. The result: Demand for lightly-used luxury cars is booming even as new vehicle sales sag.

The Economist: The collapse of manufacturing
$0.00, not counting fuel and handling: that is the cheapest quote right now if you want to ship a container from southern China to Europe. Back in the summer of 2007 the shipper would have charged $1,400. Half-empty freighters are just one sign of a worldwide collapse in manufacturing. In Germany December’s machine-tool orders were 40% lower than a year earlier. Half of China’s 9,000 or so toy exporters have gone bust. Taiwan’s shipments of notebook computers fell by a third in the month of January. The number of cars being assembled in America was 60% below January 2008.

Financial Times: EU leaders push sweeping regulations
European leaders on Sunday outlined sweeping proposals to regulate financial markets and hedge funds and clamp down on tax havens as they sought a common position to combat the global economic crisis.

In Case You Missed It
To watch the latest interviews and reporting: http://www.cnn.com/video.

CNN: Montana Gov. pushes stimulus
Montana Governor Brian Schweitzer is confident the stimulus bill will help his state.

CNN: McConnell tackles auto bailout
Senate Minority Leader Mitch McConell discusses his views on bailing out the nations auto industry.

CNN: Schwarzenegger backs stimulus
California Governor Arnold Schwarzenegger says he thinks the stimulus plan is 'terrific.'

CNN: Economy takes toll on Michigan
CNN's John King looks at how the economy is affecting one Michigan town.


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