Boston’s Big Names Turn Out for Obama Birthday Party

Tonight, the biggest names in Democratic politics in Boston who were “once divided into two camps during the presidential primary,” turned out to “throw Barack Obama a 47th birthday fund-raiser bash.” Harry Connick Jr. and his daughter crooned “Happy Birthday.” About 850 people attended the reception, and about 250 paid $15,000 each … Continue reading

Condition Dire – Robert Novak to Retire

The Chicago Sun Times reported today that “Robert Novak has announced his immediate retirement following the diagnosis of a brain tumor, a prognosis the Sun-Times’ political columnist describes as “dire.”” “The details are being worked out with the doctors this week, but the tentative plan is for radiation and chemotherapy,” … Continue reading

White House Rejects Call From Republicans for Special Session of Congress

House Republicans are looking rather absurd today after the White House rejected their call for a special session of Congress on energy: Republican Study Committee Chairman Jeb Hensarling (R-Texas) and Rep. Mike Pence (R-Ind.) asked President Bush to convene the special session in an Aug. 1 letter. The same day, … Continue reading

Bigger Wave of Housing Loan Defaults Looming

The NY Times reports today that although the “first wave of Americans to default on their home mortgages appears to be cresting,” a second, far larger group of potential loan defaults is looming, because now, even “homeowners with good credit are falling behind on their payments in growing numbers.” The percentage of mortgages in arrears … Continue reading