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...case you're wondering, during the Great Depression, nonfarm employment fell 33.9%, so we're not even remotely close to that territory...
...rising, the report said rates fell “rapidly,” forcing Harvard to meet large collateral requirements.The report added that since the decline came in the fair value of the portfolio, or the amount that Harvard would gain by terminating the swaps (or lose, in the case of a negative value), the liquidity drain could be reversed if rates rise again in the future. As of October, the University would have had to pay $571 million to terminate its interest rate swap portfolio, according to a December report from Standard & Poor’s rating services.The report...
Complaints that the vetting process has gone overboard grew earlier this week, when Kansas Governor Kathleen Sebelius, President Obama's pick for Secretary of Health and Human Services, became the latest nominee to be embarrassed by a public disclosure of problems with her tax returns. In Sebelius' case, the discrepancies were, by all appearances, relatively minor ones, centered mostly on a failure to produce the proper documentation for charitable contributions and business expenses. She agreed to pay an additional $7,918 in taxes and interest, and she looks to be on track to a relatively easy Senate confirmation...
...nominees considered by the Committee this year came to be public only because the nominees chose to proceed. Chairman Baucus and I agree that if a nominee chooses to proceed after tax issues are identified, then the public should be informed of those issues," Grassley said. "In every case, the nominee is aware that we will make this information public...
...time equally hesitant prosecutors and investigating magistrates get them, there usually isn't enough in the dossier for a case to be tried," Diaz-Jogeix says. "There is no independent alternative to challenge rulings that the abuse accusations are unfounded. That allows police and their superiors to claim the role of victim, and file suit for 'outrage' against the people whose rights were abused by police violence in the first place...