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Thursday, December 2, 2010

US Ready to Back Bigger EU Stability Fund: Official

From:  CNBC

US Ready to Back Bigger EU Stability Fund: Official

http://www.cnbc.com/id/40454469



The United States would be ready to support the extension of the European Financial Stability Facility via an extra commitment of money from the International Monetary Fund, a U.S. official told Reuters on Wednesday.


"There are a lot of people talking about that. I think the European Commission has talked about that," said the U.S. official, commenting on enlarging the 750 billion euro ($980 billion) EU/IMF European stability fund. "It is up to the Europeans. We will certainly support using the IMF in these circumstances."


"There are obviously some severe market problems," said the official, speaking on condition of anonymity. "In May, it was Greece. This is Ireland and Portugal. If there is contagion that's a huge problem for the global economy." . . . .

Reid Angers GOP by Pushing Four Versions of DREAM Act Without Hearing

From:  Fox News

Reid Angers GOP by Pushing Four Versions of DREAM Act Without Hearing

http://www.foxnews.com/politics/2010/12/01/reid-angers-gop-pushing-versions-dream-act-hearing/



Senate Majority Leader Harry Reid has pushed four different versions of the controversial immigration bill known as the DREAM Act without a hearing on any of them, drawing outrage from the top Republican on the committee that would have handled the package.


The Nevada senator, who narrowly escaped a defeat in the November election, has pursued an unusual approach to advancing the bill that gives young illegal immigrants who attend college or join the military a pathway to legal status.

Since September, his deputy Sen. Dick Durbin, D-Ill., has introduced four slightly different versions all bearing the same name. Reid has moved them all to the calendar -- he appears to be teeing up for a test vote, which could happen sometime later this week, on the latest version introduced on Tuesday. . . . .

More on Senate Bill S 510

From:  Natural News

Top ten lies about Senate Bill 510

http://www.naturalnews.com/030587_Senate_Bill_510_Food_Safety.html#ixzz16pkYVMPX



The Food Safety Modernization Act looks like it's headed to become law. It's being hailed as a "breakthrough" achievement in food safety, and it would hand vast new powers and funding to the FDA so that it can clean up the food supply and protect all Americans from food-borne pathogens.


There's just one problem with all this: It's all a big lie.

Here are the ten biggest lies that have been promoted about S.510 by the U.S. Congress, the food industry giants and the mainstream media: . . . . .
 
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From:  Natural News
 
S 510 Food Safety bill now dead in the water due to blue slip mistake

http://www.naturalnews.com/030588_Food_Safety_bill_blue_slip.html



It is now being revealed that US Senators slipped up in a big way when passing the Food Safety Modernization Act on Tuesday: They added what are effectively "new taxes" into the bill, and according to the U.S. Constitution, only the House of Representatives can initiate legislation requiring new taxes.


Thus, the House is now obliged to give this food safety legislation the so-called "blue slip," meaning that it rejects the law and sends it back to the Senate for yet another vote. This would take time and effort, of course, and the Democrats have very little of either remaining in their lame duck session.

As explained on Wikipedia (http://en.wikipedia.org/wiki/Blue_slip):. . . .

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From:  Roll Call

House May Block Food Safety Bill Over Senate Error

http://www.rollcall.com/news/-201012-1.html



A food safety bill that has burned up precious days of the Senate’s lame-duck session appears headed back to the chamber because Democrats violated a constitutional provision requiring that tax provisions originate in the House.


By pre-empting the House’s tax-writing authority, Senate Democrats appear to have touched off a power struggle with members of their own party in the House. The Senate passed the bill Tuesday, sending it to the House, but House Democrats are expected to use a procedure known as “blue slipping” to block the bill, according to House and Senate GOP aides. . . . .

Wednesday, December 1, 2010