Money Matters - Simplified


Obama congratulates Brown on winning Senate race

Washington, January 20 -- Republican Scott Brown was congratulated by President Obama after winning the Massachusetts Senate race against Democrat Martha Coakley on Tuesday night.

Town 'forgot' council elections

Albany-- Officials in a Georgia municipality said the state's secretary of state informed them they forgot to hold elections for two city council posts last year.

City of DeSoto officials said no one on the council raised the issue of elections for the two seats during their 2009 meetings and no one realized the election was supposed to have been held until the state threatened the city with penalties, WALB-TV, Albany, Ga., reported Monday.

Councilwoman Addie Cutts said the Georgia Secretary of State's office told the council it will face violations including failing to publish public notice 30 days prior to the election, and failing to appoint an election superintendent if an election is not held by the new March deadline.

Michelle Obama’s first year at White House ‘outstanding success’

Washington, January 14 -- First lady Michelle Obama pondered over her first year at the White House Wednesday, and called it an ‘outstanding success’.

Kurds bracing for Iraq's election season

Erbil, Iraq -- Members of a major Kurdish political party in Iraq complain rivals are launching attacks on its members as the country braces for March parliamentary elections.

Unknown assailants gunned down a member of the Change List, a major Kurdish political party in Iraq, in late December, leaving party members infuriated.

Babekir Daraei, a leading official in the Change List, told the Iraqi analytical Web site Niqash the attacks were politically motivated.

"The recent events are very much linked to the electoral competition," he said. "There is lots of injustice practiced against the Change Movement in Kurdistan."

Senator Harry Reid apologizes for 'poor choice of words'

New York, January 10 -- Seeking to tone down the controversy over his racial remarks against President Barack Obama, Harry Reid, the Senate's Majority Leader, apologized Saturday.

'I can hear you' named top catchphrase

Austin -- Former U.S. President George W. Bush's "I can hear you" statement at Ground Zero is the decade's top political catchphrase, a U.S. company says.

The Global Language Monitor based in Austin, Texas, said in a release Friday that Bush's 2001 comment made while at the rubble of the World Trade Center following the Sept. 11, 2001, terrorist attack is the Top Political Buzzword or Catchphrase for 2000-2009.

Bush's catchphrase beat out global warming/climate change, which came in second and war on terror, which earned third.

The Global Language Monitor said fourth place belonged to the 2004 buzzword progressives and fifth was captured by 2008's hockey moms.

White House mad at PETA for using Michelle Obama’s image without consent

Washington, January 6 -- The White House has condemned the liberty taken by PETA, wherein the animal rights organization put Michelle Obama’s picture on an anti-fur poster, without the consent of the first lady.

Obama's inaguration was threatened by terrorist attack, reveals NYT

New York, January 5 -- Security officials scrambled to protect President Obama as reports of Somali terrorists attacking his inauguration ceremony arose few days before the event, the New York Times revealed.

Blagojevich to compete on 'Apprentice'

Chicago -- Rod Blagojevich's spokesman confirmed Monday the former Illinois governor has joined the cast of the third edition of TV's "Celebrity Apprentice."'

"The producers of 'Celebrity Apprentice' invited Rod Blagojevich to participate in the program. The former governor accepted because it offered him a chance to raise money for a favorite charity and the challenge to compete against celebrities in the popular NBC program hosted by Donald Trump," Blagojevich spokesman Glenn Selig said in a statement.

Petition halts Iceland's repayment plan

Reykjavik -- More than 56,000 voters in Iceland have signed a petition asking the government not to pay back foreign depositors who lost money when Icelandic banks failed.

The EUobserver reported Monday that the idea of paying back $5.5 billion to British and Dutch depositors had little public support given the sum -- $17,273 per person -- and the perception that bankers, not the man on the street, had caused the banking crisis.

On an island of 320,000 residents, those signing the petition represented almost a quarter of the country's voters, the EUobserver said.