Free Republic

On Monday’s broadcast of CNBC’s “Squawk on the Street,” Treasury Secretary Janet Yellen responded to what action the Biden administration could take to combat rising oil prices by stating that they’ll keep watching the situation, but they expect the prices to “stabilize.” Co-host Sara Eisen asked, “I’m wondering how you’re thinking about the gas price move, a big jump in the month of August. Crude is back above $90 per barrel. The Saudis are extending the production cuts through the end of the year. Are you looking at taking any action on this front?” Yellen answered, “Well, the president wants...

WASHINGTON, Feb. 22, 2010 – Iraq presents a solid opportunity to help in stabilizing the Middle East, the commander of forces in that country said here today. “We have an opportunity that we might never have again,” Army Gen. Raymond T. Odierno said during a Pentagon news conference. “We have the opportunity – potentially – to have a moderate democratic government in the Middle East.” The general said he’s worried that once U.S. servicemembers leave Iraq at the end of 2011, Americans will forget about Iraq. The United States must remain engaged with the Iraqi government as an equal, the...

Turns out the $787 billion "American Recovery and Reinvestment Act" (AARA) was not designed for full economic recovery, but rather to "stabilize" the downturn. That's the word from White House officials today, who held off-camera briefings with reporters on how the AARA is working so far. "This legislation was designed to cushion the downturn," said White House Press Secretary Robert Gibbs. "That's why we have always talked about this as one function of economic recovery." When pressed about the change in terminology, Gibbs said he was not trying to temper expectations after the fact. "I can probably find 15 or...

The Group of Seven industrialized nations is closely monitoring the global financial market turmoil and stands ready to take action to enhance stability in the market, Japan's top financial diplomat said on Thursday. Naoyuki Shinohara, vice finance minister for international affairs, also cast doubt on calls to establish a Japanese sovereign wealth fund, saying the country's foreign reserves are not a pure investable asset given its huge budget deficit. G7 finance chiefs warned in Tokyo earlier this month that credit turmoil could still unhinge the global economy and pledged a plan of action for restoring markets to financial health. But...

WASHINGTON, March 26, 2006 – The Iraqis are going through a historic process to form a government of national unity, and success in that country will provide a basis for a more stable Middle East, Secretary of State Condoleezza Rice said on Sunday morning talk shows today. "We faced the outcome of an ideology of hatred throughout the Middle East that had to be dealt with," Rice said on NBC's "Meet the Press" today. "Saddam Hussein was part of the old Middle East. The new Iraq will be part of a new Middle East, and we will all be safer."...

The Northwest Regional Control Center will stabilize and control electricity by Polli Barnes Keller Gulf Region North U.S. Army Corps of Engineers One of many substations that allow monitoring and control of power production and transmission in the Northern Region providing a more stable electrical system. (GRD photo by by Polli Barnes Keller) Mosul, Iraq—There is no totally functioning system in Iraq designed to tie all the elements and control functions of the National Electrical Network together. The Northwest Regional Control Center, or NRCC—a $4.9M system developed to improve the reliability of the country-wide automatic monitoring and control system—is...