Word: bille
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...President Obama, in an interview on 60 Minutes, indicated that cooler heads were prevailing. Although he took pains to take AIG and Wall St.'s actions to task, he also suggested that the proposed bill from Congress would use the tax code to penalize a specific subset of people and would be contrary to good public policy. "Well, I think that - as a general proposition, you don't want to be passing laws that are just targeting a handful of individuals. You want to pass laws that have some broad applicability. And as a general proposition, I think you certainly...
...Last week, marked by uncharacteristic speed, the House passed a bill that would impose 90 percent surtax on bonuses paid to employees of companies that have received at least $5 billion in TARP funds if the employee's family income exceeds $250,000. In support of the bill, Obama said he is eager to receive legislation "that will serve as a strong signal to the executives who run these firms that such compensation cannot be tolerated." The Senate plans to vote on the bill this week...
...that the plan may actually do more harm than good. In the Treasury's corner, Pimco, the largest fixed income management firm in the U.S., endorsed the Administration's plan. "This is perhaps the first win/win/win policy to be put on the table and it should be welcomed enthusiastically," Bill Gross, PIMCO's co-chief investment officer, told Reuters. The market moved up 7% mostly on the strength of the Treasury releasing the new program that some analysts believe could improve bank balance sheets. Over the last five trading days, the increase in stock prices is nearly...
...system had to be overhauled two years ago after it was discovered that kids were arbitrarily held years beyond their original sentence and that many were sexually abused. Recent studies have shown high recidivism rates from graduates of the private boot camps that were in vogue under then President Bill Clinton after he endorsed the experience as Governor of Arkansas. (Read "Boot Camps Take Another...
...translator is called Ricky, but this is not his name. None of the mostly Kurdish interpreters for the U.S. military in Mosul use their real names. Tagged on their standard issue camo shirts, Abdul becomes Mark, or Pablo, or Bill. Ricky chain-smokes and sweats heavily; earlier that day he had shown me the ugly marks on his back and arms that, he said, were scars from electrical wire torture by Saddam Hussein's security forces. They tortured him, he said, because his brother was a member of Kurdish intelligence. He tells me that because of what the Americans...