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DealBook: AT&T Ends $39 Billion Bid for T-Mobile

iPhone: T-Mobile

AT&T acknowledged that it could not overcome opposition from the Obama administration to creating the nation’s biggest cellphone service provider. The company said in a statement that it would continue to invest in wireless spectrum, but could not overcome resistance from both the Justice Department and the Federal Communications Commission. It added that American wireless customers “will be harmed and needed investment will be stifled” by the regulators’ decisions.

Senh: What does Barack Obama have to do with this. Sure, it's his administration, but it's the FCC. I never thought this would happen when the merger was announced. I guess big companies can gobble up smaller companies, but not competitors of the same size.

 

U.S. launches 'virtual' embassy for Iran

The Obama administration has opened a virtual embassy for Iran to encourage dialogue with the Iranian people.

 

National debt nears size of U.S. economy

National debt nears size of U.S. economy

The Obama administration won a reprieve this week from some particularly scary economic news that had been projected to occur around around Halloween. The news: The ever-escalating national debt will hit and then surpass the size of the entire U.S. economy -- an ignominious distinction previously achieved by the likes of Japan, Italy and Greece.

Senh: Wait, how is Japan able to stay afloat with a debt-to-gdp ratio of 220%?!

 

Political Connections Behind Federal Loans Like Solyndra?

Political Connections Behind Federal Loans Like Solyndra?

The Obama administration engaged in a 'pattern' of approving loans that were not qualified to receive taxpayer money, says one Republican House chairman, calling the development as disturbing as the loss of millions of dollars given to bankrupt solar power company Solyndra.

 

Obama seeks to block Alabama immigration law

The Obama administration is seeking to block enforcement of the disputed Alabama immigration law... The controversial state law allows police to detain people suspected of being in the country illegally if they cannot show proper documentation when stopped by authorities for any reason.

 

U.S. puts $10 million bounty on Iraq al-Qaeda leader

The administration has put the leader of al-Qaeda in Iraq on a terrorism blacklist and is offering a $10 million reward for information.

 

Obama welcomes new military chief replacing Mullen

The Obama administration welcomed Army Gen. Martin Dempsey as the new chairman of the Joint Chiefs of Staff Friday and said farewell to Navy Adm. Mike Mullen, whose final day as the top American military officer was punctuated by the killing of a key al-Qaida figure....

 

Hundreds of plants, animals up for new protections

The Obama administration is taking steps to extend new federal protections to a list of imperiled animals and plants that reads like a manifest for Noah's Ark - from the melodic golden-winged warbler and slow-moving gopher tortoise, to the slimy American eel and tiny Texas kangaroo rat....

 

Supreme Court could rule on health reform in '12

A legal move Monday by the Obama administration greatly increases the odds that the US Supreme Court will take up the contentious issue of the new health care law during the court term that starts next week. And if it does, that would mean a ruling from the Supreme Court by next spring -- as the presidential campaign is well underway.

 

In Rush to Assist Solyndra, U.S. Missed Warning Signs

Industry analysts and government auditors say the administration failed to take note of trouble already evident in the solar energy marketplace.

 

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