Lawmakers have battled for weeks over legislation extending unemployment benefits to workers who have been out of a job for long stretches of time. The last such extension expired at the end of May, leaving some 2.5 million people without benefits, with hundreds of thousands more losing benefits each week. Mike Norman says that what is being hurt most are small business where there is a broadening of poverty because of spending.
Monday, July 19, 2010
Flying donkey shocks beachgoers in Southern Russia
Police in southern Russia will launch a probe into an initiative by local entrepreneurs who sent a donkey into the sky on a parachute in an advertising stunt. The official spokesman for the local directorate of the Interior Ministry told reporters that the parachuting donkey incident took place last Thursday on an Azov Sea beach in the Temryk District in Krasnodar. "They gave this donkey a parachute ride in order to attract holidaymakers' attention to this sort of entertainment. The donkey brayed and the children cried, but no one was smart enough to inform the police about the incident," RIA Novosti news agency quoted the official as saying Monday. The police will launch a probe and if the entrepreneurs are found guilty, they could face criminal persecution under the article on cruel treatment of animals of the Russian Criminal Code, which carries a maximum punishment of two years in prison.
Jeff Miron on Extending Unemployment Benefits
Jeffrey A. Miron is a Senior Fellow at the Cato Institute and the Director of Undergraduate Studies in the Department of Economics at Harvard University.
CIA out-of-control?
Last week, a Federal Judge ruled that the government can suppress information about basically whatever they would like, even if it is illegal. The decision was made as a response to the Freedom of Information Act, which was filed by the ACLU. Ray McGovern says the CIA has broken into two organizations that differ in their ideology about information.
Did BP know about another leak on the seabed?
July 19 (Bloomberg) -- Carl Larry, president of Oil Outlooks & Opinions LLC, talks about BP Plc's efforts to stop the flow of oil from its damaged well in the Gulf of Mexico. U.S. government officials demanded to see BP's plans for reopening its sealed well after tests found a suspected leak seeping from the seabed. He speaks with Erik Schatzker on Bloomberg Television's "InsideTrack."
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