Word: agreement
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...makes MySpace cool again in some ways," notes Jupiter Research's David Card, who adds that it may even lure new members to the site. But the free-music model looks like it may end up costing MySpace and other providers more than they had originally bargained: In an agreement announced Sept. 23, the music industry said it planned to adopt a sliding fee scale for free-music-streaming sites; instead of the 9.1 cents per song that is currently paid to songwriters, composers and producers, streaming sites will now owe about 10.5% of their overall profits. For listeners, however...
Wanted: someone who will claim credit for saving the U.S. economy. With little fanfare and all the enthusiasm of a hangover, congressional leaders from both parties on Sunday unveiled a detailed agreement on legislation to bail out Wall Street. But no presidential candidates were in sight, and few in Congress were doing much bragging about their handiwork...
...Sunday it was hard to find anyone willing to take credit for the agreement. "This is the Administration's problem," House Speaker Nancy Pelosi told reporters. "They sent us their bill. We did the best we can to improve...
...largest bank failure in American history. While the initial response to Paulson’s plan was favorable, and key lawmakers had signaled their support, it has taken flack from academic economists and the media in recent days. And despite support from Democrats in Congress, who have reached an agreement with Paulson about the general framework of the bailout, House Republicans have criticized the plan, saying that the legislation unfairly exposes taxpayers to billions of dollars of losses. —Staff writer Clifford M. Marks can be reached at cmarks@fas.harvard.edu...
Over the weekend, leaders in Washington reached a tentative agreement on a government rescue strategy for the fraught U.S. economy. After intense, partisan negotiations, the core proposal of Secretary of the Treasury Henry M. Paulson’s original $700 billion bailout plan remains largely intact. Originally conceived and announced last week amid unprecedented U.S. bank failure and market turmoil, the bailout plan will appear in front of the House of Representatives this morning. The aim of the Paulson proposal, if passed, will be to inject liquidity into the stagnant credit markets, which must be greased in order to prevent...