Word: bail
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Barack Obama may be the first President to actually rival Roosevelt in terms of the sheer number of changes. Only 6% into his 1,461-day term, Obama has already signed a $700 billion stimulus bill, tried to bail out Detroit, lifted a ban on stem-cell research, planned a withdrawal from Iraq, reached out to Cuba and authorized the release of Bush-era torture memos. Oh, and he got a dog. Roosevelt didn't adopt his beloved Fala until the end of his second term...
...next landmark safety-net program, universal health insurance). There has also been a cascade of new policies to address the financial crisis - massive interventions in the housing and credit markets, a market-based plan to buy the toxic assets that many banks have on their books, a plan to bail out the auto industry and a strict new regulatory regime proposed for Wall Street. Obama has also completely overhauled foreign policy, from Cuba to Afghanistan. "In a way, Obama's 100 days is even more dramatic than Roosevelt's," says Elaine Kamarck of Harvard's Kennedy School of Government. "Roosevelt...
...advice about 529 plans and allows investors to compare different state plans. The good news is that for some people, closing an account can result in a significant tax write-off. But as with most things tax-related, the rules are complicated. Here's what to consider before you bail...
Just a day after he was released on bail, Aziz, wearing his trademark spectacles and graying beard, returned to the Red Mosque, the site of a weeklong siege in 2007 between the mosque's seminary students and the Pakistani military, to deliver a sermon ahead of Friday prayers. Thousands of worshipers flocked to the centrally located mosque, spilling into the surrounding streets and kneeling on makeshift prayer rugs while Aziz's voice boomed out over loudspeakers. He told the story of Moses' struggle against the Pharaoh of Egypt to allow his people to practice their religion. Moses, considered by Muslims...
...German towns and cities are appealing to the German government to bail them out. In March, a group of municipal authorities appealed to the Kreditanstalt für Wiederaufbau, or KfW, Germany's Marshall Fund-era state-owned bank for reconstruction and development, to buy out AIG and replace it as their credit insurer. The plan might work, but KfW is reluctant. "We are looking into the matter," a KfW spokeswoman says...