Word: bailing
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Should Taxpayers Bail Out GM's Retirees...
...wants $34 billion to shelter 3 million jobs and $300 billion worth of business. The first time the companies came calling, on Nov. 19 and 20, Congress blew a radiator. "Even though all Americans want this industry to succeed, I cannot support a plan to spend taxpayer money to bail them out" is the way Spencer Bachus, the ranking Republican on the Committee on Financial Services, got the House hearings going. The incoming Administration is not holding out much hope that Congress can find a solution in the coming weeks. Instead, it is looking at what options - and pots...
Radical Muslim cleric Abu Qatada, Osama bin Laden's alleged right-hand man in Europe, was returned to a British prison on Dec. 2 amid fears that he might flee, violating the conditions of his bail. Although Qatada was arrested in 2002 on suspicion of being "heavily involved" in al-Qaeda activities, he was never charged. He was released on bail in June after a court determined that he would not face a fair trial if returned to his home country of Jordan. He is set to remain in prison indefinitely, pending another legal battle over his deportation...
...future of the Big Three companies rests in their ability to win over not just the lawmakers but also the public. As Congress was debating whether to bail out Wall Street, public opinion began to turn when folks lost half their 401(k) investments practically overnight. Though the failure of just one of the Big Three could have similar repercussions on the stock market, the public is not feeling the pressure just yet to support such a move. A recent USA Today/Gallup poll found that 47% of Americans believe that providing relief to the industry is not very important...
...conspiracy theorists across the Middle East have embraced the idea with the same fervor they bring to other bizarre notions. I am not a bit surprised when, later in the conversation, Mohammed assures me that Israel was responsible for the 9/11 attacks and that Saudi Arabia had agreed to bail out the U.S. economy in exchange for an American invasion of Iran...