New Year's Day
Latest New Year's Day Items
The election is over, and even as politicians and pundits prepare for the battle ahead, two small organizations are already gearing up for a January fight. While the political fights ahead have the potential to influence millions in future generations, this fight will impact hundreds, though in a more profound way.
It was the economy that drove the Democrats out and a Republican majority in. Specifically, it was the failure of President Obama's "stimulus" package to stimulate the economy enough to bring the unemployment rate down. Now a lame-duck 111th Congress is going to have to decide what to do. The Republican-led 112th Congress will confront the same questions when it convenes in January. Before making more decisions about economic stimulus, we should be absolutely clear why the huge stimulus program failed.
Oprah Winfrey's new network is planning new series on two pairs of entertainers with complicated lives: country music stars the Judds and actor Ryan O'Neal and his daughter, Tatum.
Nintendo sank to a first-half loss, its first in seven years, as a rising yen and long-delayed release of its 3-D gaming machine set the scene for a weak full-year result.
New year, new Lindsay Lohan? That appears to be the hope of Los Angeles Superior Court Judge Elden S. Fox, who on Friday ordered the starlet to remain in rehab until January.
Lindsay Lohan sidestepped another jail stint Friday when a California judge sent the 24-year-old troubled starlet back to rehab, telling her she was an addict and faced jail time if she relapsed again.
Will the Republicans really reduce spending if they gain control of Congress? The Republicans have promised to cut spending rather than increase taxes. Their first test may come as early as Dec. 1, when the National Commission on Fiscal Responsibility and Reform (better known as President Obama's deficit-reduction commission) is due to report. The betting is that the commission will recommend a ratio of something close to $3 of spending reduction for each $1 of tax increase. Does this make any sense, and will the Republicans buy into it?
Nintendo shares tumbled Thursday after the company said its 3DS game machine, packed with glasses-free 3-D technology, won't be ready to go on sale for Christmas, crushing its earnings forecast by more than half.