I know political arguments can get bad, especially when rival parties start digging through their opponents past to try to find any dirt they can. Just recently on of the republicans top GOP rising star Senator John Ensign R-Nevada, admitted to having an affair with his best friends wife of 20 years and later fired them both after the affair came to light. Almost everyone has second thoughts when it comes down to trusting a politician because most of them cannot be trusted. While in the United States it’s usually bad judgments like bribery, affairs, or minor cover-ups that seems to take down politicians, but in other countries political races take the lives of many innocent people.
In the southern part of the Philippines a political war has been waging on between two families for decades it’s not just your simple he said she said propaganda, the fighting between the two families having left many innocent bystanders dead. With the gubernatorial race starting to heat up one candidate in the race Ismael Mangudadatu has not only had his lives threaten from political rival the Amputuan clan during the course of the current election but he has also lost close family members in the process.
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In an attempt to overhaul the U.S financial system, Senator Chris Dodd (D-Conn.) has unveiled draft legislation that would bring major changes to the existing regulatory system. The proposal would create three new agencies while eliminating several others with the objective of monitoring bank practices and protecting consumers.
The 1,100 page draft bill offers more sweeping change than legislation that has recently been proposed by the White House and in the House of Representatives. Senator Dodd’s proposal removes most of the Federal Reserve’s banking oversight and consumer protection powers, leaving it the primarily in charge of monetary policy. Additionally, the bill calls for the establishment of a “Super Regulator” to oversee all banks. This new agency, called the Financial Institutions Regulatory Administration, would absorb the Office of the Comptroller of the Currency and the Office of Thrift Supervision. It would also assume banking oversight powers currently held by the Federal Reserve and the Federal Deposit of Insurance Corp.
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The Reagan coalition was a group of voters brought together by Republican Ronald Reagan in order to establish a major political realignment with his massive victory in the 1980 United States Presidential Election. Democrat Jimmy Carter’s failure in majority of socio-economic groups made the formation of the Reagan Coalition possible.
The Past:
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