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...other words: further nationalizations. Three months after it pumped $30 billion in emergency capital into the beleaguered Royal Bank of Scotland, the government on Monday upped its stake in the bank to almost 70% in order to help boost its lending capability. The timing could hardly have been worse: the bank announced on Monday that its losses for 2008 could be as high as $41 billion - by some stretch the biggest loss in British corporate history. Much of that loss is due to RBS's ill-timed acquisition of Dutch lender ABN Amro in 2007. "Yes, I'm angry...
...surviving members of the original Santa Cruz Surfing Club, which began in 1936. "People who come out of there, even nonsurfers, they come out with a big smile on their faces." And a cheap one, it turns out, only costing about $20,000 per year, money that's almost entirely used to pay two part-time employees. So the society contacted the city and found out that it would take $10,000 to keep the museum open until June 30, the end of the fiscal year. The Santa Cruz Surfing Club Preservation Society, which was officially and fortuitously incorporated...
...Before that bulletin came out, the latest joint threat assessment report by the DHS and several security agencies urges law-enforcement officers to watch out for almost everything short of an asteroid strike. (The assessment is not classified but is marked "for official use only." It was posted on Cryptome.org, the controversial site that posts government documents not released to the public...
...moved early in the Bush transition eight years ago to put his own people at key choke points in the Pentagon, on the National Security Council and elsewhere. And his own staff, particularly his longtime aide David Addington and former chief of staff Lewis (Scooter) Libby, ran an almost shadow West Wing when it came to the issues of energy and national security...
...McLean, Va., that he and his wife have just finished building (by design, it is within a few miles of both sets of grandchildren). He is expected to write a book that draws on what one adviser described as "his 40 years of experience" in Washington; it will almost certainly, the source said, be an extended reflection on the appropriate exercise of power in times of peace...