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Archive for January 4, 2012

Debate over whether the Federal Reserve would pull the trigger on QE3 started even before QE2 ended last summer.

Think your programming skills are world class? Facebook wants you to prove it at its second annual Hacker Cup challenge.

The oil industry launched a nationwide campaign titled “Vote 4 Energy” Wednesday, a day after the Iowa caucus set the stage for the 2012 presidential election.

The White House announced Wednesday that President Obama plans to appoint three new members to the National Labor Relations Board, continuing his end-run around the Congressional approval process. The White House said in a statement that Obama has tapped Sharon Block, Terence Flynn and Richard Griffin to fill seats on the board via recess appointments. The NLRB, which is supposed to be governed by a five-member board, is down to three active members because Senate Republicans have opposed Obama’s nominees. And one member, Craig Becker, will see his term end at the conclusion of the current session of Congress. That’s a problem, because the NLRB requires a three-member quorum to do anything, like set rules or consider a complaint. President Obama has made four nominations in the last two years, none of whom have come up for a confirmation vote in the Senate. Obama originally nominated Flynn last January, and named Block and Griffin in December. Wednesday’s announcement came on the same day that Obama revealed plans to appoint Richard Cordray to be the first director of the Consumer Financial Protection Bureau. Republicans including Senate Minority Leader Mitch McConnell have criticized Obama’s recess appointments as legally dubious. Since May, Republicans have been using a little-known procedure to keep the Senate in session — even when it hasn’t really been conducting any business — in an attempt to stop the president from making recess appointments. “The American people deserve to have qualified public servants fighting for them every day – whether it is to enforce new consumer protections or uphold the rights of working Americans,” Obama said in a statement Wednesday. The typically low-profile NLRB has become a political hot potato since Obama took office, with Republicans charging that it’s too beholden to union interests and is hurting job creation.

The IRS is giving taxpayers two extra days to get their taxes turned in this year.

The Nuclear Regulatory Commission has voted to approve a rule certifying an amended version of Westinghouse’s AP1000 reactor design for use in the United States.

The Nuclear Regulatory Commission has voted to approve a rule certifying an amended version of Westinghouse’s AP1000 reactor design for use in the United States. The amended certification, which will be incorporated into the NRC’s regulations, will be valid for 15 years.

The Nuclear Regulatory Commission has voted to approve a rule certifying an amended version of Westinghouse’s AP1000 reactor design for use in the United States.

The Nuclear Regulatory Commission has voted to approve a rule certifying an amended version of Westinghouse’s AP1000 reactor design for use in the United States. The amended certification, which will be incorporated into the NRC’s regulations, will be valid for 15 years.

Boeing announced Wednesday that it was closing a plant in Kansas that employs more than 2,160 people.

Shares of Kodak dropped sharply Wednesday following a report that the company was preparing for a possible bankruptcy filing. Kodak shares, which have already dropped 92% over the past year, were down 27% Wednesday afternoon after the Wall Street Journal reported that the company could file for bankruptcy if fails to sell a number of digital patents fail. The news came a day after Kodak disclosed that the New York Stock Exchange warned that it could be delisted in six months if its struggling stock price does not recover. The warning was triggered by the fact that the stock’s average closing price has been less than $1 per share for thirty consecutive trading days. Kodak did not immediately respond to requests for comment.

In this corner, weighing in at 45 kilograms soaking wet … he’s all the rage in Paris, Milan, Brussels and Munich! The euro!