Word: actioneers
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...Swedish solution, they call it (and longtime readers of this blog know it was being discussed here long before anybody else in the U.S. was talking about it). The version of the bailout plan voted down in the House Monday seemingly would have allowed Treasury to take such action. But it also would have allowed Treasury not to take such action...
...financial institutions fail, merge or be bought out. The faltering institutions will see their shares devalued and will be likely to be taken over by stronger institutions - as has already started happening. This consolidation of the financial sector is both efficient and inevitable; government action can only delay the adjustment...
...first taste of league action, the freshman hitter came out of the gate aggressively against Dartmouth, scoring 19 kills and hitting for .531 in the first round of the tournament. Ingersoll flexed her defensive muscle as well, posting a team high three blocks...
...Campus employees are threatening legal action against the ban. The American Federation of State, County and Municipal Employees Council 13, which represents 2,500 system employees, and the Association of Pennsylvania State College and University Faculties (APSCUF) plan to file an unfair labor practice suit, arguing that to prohibit smoking without negotiations first violates employee contracts. "The system, no matter how politically correct the idea of a smoking ban is, should have negotiated the policy with the union," says APSCUF president Steve Hicks, adding, "[It] was insensitive to not recognize the impact on their largest constituent group - the students." PASSHE...
...Treasury and FDIC - will keep doing what they've been doing: stepping in to prevent the chaotic failure of banks and other large financial institutions. This means continuing to put hundreds of billions of taxpayer dollars at risk, but in a way that adheres to no clear plan of action and doesn't require members of Congress to explicitly approve their actions...