Word: actioneers
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...heart of the goverment's efforts to address the financial crisis. On February 10 Treasury Secretary Timothy Geithner unveiled a multi-pronged plan for troubled banks, and on Wednesday President Barack Obama announced a $275 billion program to stem foreclosures and support the housing market. Today's stock market action suggests investors are still in doubt about the potential efficacy of both plans. Defensive stocks showed modest relative strength on Thursday: shares of consumer staple companies were...
...Chairman Ben Bernanke appeared Wednesday at the National Press Club and said that the federal effort to address the financial crisis could produce improvements in 2009. But he also cautioned that there was no economic momentum, and that inadequate federal action could result in a continued deterioration in the economy. (Find out why the stock market keeps dropping...
...Secondhand stores that carry big-ticket items other than clothing are seeing increases in sales as well. Boomerang’s in Jamaica Plain, a nonprofit owned and operated by Aids Action Committee, has been doing brisk business in furniture...
...Others are calling on the House panel that led the impeachment to conduct its own inquiry. And at least one Illinois Democrat has asked the U.S. Senate to launch its own ethics investigation into Burris. Though Majority Leader Harry Reid is unlikely to take any action while state legislators are looking into the matter, the Senate Ethics Committee will likely begin a preliminary inquiry...
...leader, Senator Dave Cogdill, who had dared to agree to a plan involving a tax hike, and replaced him with a staunch antitaxer. To avoid a collapse of state finances, legislators are attempting to pass a $42 billion budget-balancing plan that includes $14.4 billion in new taxes, an action anathema to the rank-and-file Republican minority. "I don't want to see a tax increase passed," said Senator Dennis Hollingsworth, the new Republican leader...