Word: banke
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...Swiss franc. With the bailout of Swiss investment bank UBS, how does that change your calculus...
...expect a do-over from the outgoing Administration, but not a paper-over that would rescue speculators. FDIC chief Sheila Bair has been pushing to use new loan-guarantee authority passed under the $700 billion banking bailout to adjust troubled homeowner mortgages. The plan would provide $50 billion from the government to be tapped as insurance for banks willing to adjust mortgages in a loss-sharing agreement. The FDIC would guarantee any losses on loans readjusted for homeowners who can show a 38% debt-to-income ratio, similar to what the FDIC worked...
...would be fanciful to draw too many comparisons between the voters of Gaza and the West Bank and those in the United States. But it is clear that in 2004 much of the world simply misunderstood what was happening in America and underestimated the forces which led to President Bush’s re-election. Perhaps we were all looking in the wrong place...
...future quality to this: it's what used to be derided as big-spending liberalism. The Beltway consensus is that the economic crisis makes it necessary now. But public cynicism about government requires that the next President builds accountability into his spending programs. That's why the Infrastructure Bank that Obama proposed during the campaign may be crucial: it would create a bipartisan board of five governors who would judge and approve all major projects...
...they'll use the money charitably during their stay. The hotel suggests giving back by tipping a street musician or paying the highway tolls of 10 cars behind you. If you upgrade your room, the hotel will donate $25 to one of three local charities, including the Chicago Food Bank. Generosity must be contagious: Another Chicago hotel, Hotel Indigo, is handing guests $25 gift cards to Target or Best Buy. And Detroit-area Marriott hotels are giving away $25 Visa gift cards; they're also offering $94 weekend rates to entice you to stay (mention the code D53, when...