Friday Java 08 July 2011

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Losing mayoral candidate Chris Romer spent $1 million more than Michael Hancock spent to win the seat, according to final campaign-finance reports.
Micheal Hancock, who will be sworn in July 18, raised $1.7 million and spent about $1.6 million over the course of his campaign(Denver Post)

The News of the World   168-year-old tabloid is accused of hacking into phones of crime victims, celebrities and politicians. Police have identified 4,000 possible targets.

The 14th Amendment to the Constitution says, "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned."
Treasury Secretary Tim Geithner has argued that this language effectively authorizes the president to raise the debt ceiling by himself, since debt issued by the U.S. "shall not be questioned."

Rep. Charles Rangel former chairman of the House Ways and Means Committee chided religious groups for not sticking up more for the vulnerable in the current debt ceiling talks.
"higher-income Americans would be fine no matter what agreement top officials come up with, but that a piercing of the social safety net could hurt those with lower incomes".



 

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