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POPSTough Times: Congress Grew 13 Percent Richer In 2007
Rep Robin Hayes, R-N.C., ranks third, with $173.4 million. House Speaker Nancy Pelosi, D-Calif., ranks sixth, with $62 million. In the Senate, the two Democrats from Massachusetts claimed two of the top three spots. Sen. John Kerry led the pack, with $336 million, while Sen. Edward M. Kennedy ranked third, with $104 million. Sen. Herb Kohl, D-Wis., ranked second, with $241.5 million. Overall, senators had a median net worth estimated at $1.7 million. The 535 members of Congress, who earn average annual salaries of $169,000 and receive cost-of-living pay increases, had a total net worth of $3.7 billion last year. Although some are likely to take a hit from Wall Street's woes, their average net worth soared by 61 percent from 2004 to 2007. Obama ranked as one of the biggest financial winners, with his net worth increasing from $800,000 in 2006 to $4.7 million last year McCain estimated at $28.5 million wealth attributed to his wife Cindy's family fortune.
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POPSControllers Cheer as Data Arrive From NASA's Spirit Rover Now we are analyzing the data we've received to determine what the next commands should be, but this is all good news." Spirit has been operating on Mars for nearly five years in an exploration mission originally planned to last three months. The recent dust storm is clearing, but a coating of dust on Spirit's solar panels is reducing the rover's ability to generate electricity even when the sky is clear. JPL, a division of the California Institute of Technology, Pasadena, manages the Mars Exploration Rover project for the NASA Science Mission Directorate, Washington.
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POPSHouse Leadership Battle to Watch Dan Friedman and Richard Cohen of National Journal's CongressDaily report. Implications here could be big, especially on the matter of climate change. For more on that topic, see this recent story: http://www.forbes.com/businessinthebeltway/2008/10/22/energy-green-congress-biz-beltway-cx_jz_1023climate.html
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POPSChilling Free Speech And so it begins. The left shows their true colors. Free speech to be shut down on the radio waves.
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POPSKiddie Bigots It never fails to amaze me when parents decide it is proper to exploit their children for their own, adult, political purposes. These kids no nothing about the issue, but are being taught, by their own parents, that it is OK to be prejudiced against a particular minority group. This is even more pathetic since these kids are obviously members of a minority, themselves.
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POPSAmerican Muslims grateful to Colin Powell Powell said he felt especially strongly about the because of a photo he saw in The New Yorker magazine of the mother of a Muslim soldier in Arlington Cemetery embracing her son's grave, which was marked with a Muslim crescent and star. The soldier, Kareem R. Khan of New Jersey, was 20 when he was killed in Iraq.
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POPS$500 Billion Highway Bill Ahead? National Journal's Lisa Caruso does a nice overview of a brewing Beltway battle. We touched on the topic here: http://www.forbes.com/beltway/2008/05/21/washington-lobbying-transportation-biz-wash-cz_atg_0521beltway.html By the way, we mentioned a handful of stocks in that story - on average, those stocks have done horribly since.
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POPSPerson to Person lending squeeze It's not just banks but peer to peer lending sites are getting hit too -- by investor wariness, SEC regulators, and of course, business and individuals that can't repay. For a look at a few additional options for capital, check out one of my recent videos: http://www.forbes.com/video/?video=fvn/boost/mf_byb100208
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