Word: congressed
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...lost 678 points, or 7.33%, in panicky late trading on Thursday. It's also what's behind yet another financial jack-in-the-box move by Henry Paulson at Treasury, who hinted on Wednesday that he was considering using part of the massive $700 billion bailout package approved by Congress to directly buy stakes in banks - after having dismissed the idea less than a week before...
...week ago, Congress gave its final assent to a deal that would allow American companies to sell nuclear technology to India, a nation with decades of hostile relations with its unstable nuclear-armed neighbor, Pakistan, and whose decision to test nuclear weapons in 1974 prompted Congress to adopt the Nuclear Non-Proliferation Treaty (NPT). Since then, not only has India declined to join the NPT regime, it has refused to ratify the Comprehensive Test Ban Treaty and has continued to actively acquire nuclear material for its weapons program, despite a few recent concessions to stop unilateral nuclear tests and secure...
...Because these funds were terminated a few days before Congress passed the mega-bailout bill, Minnesota's independent-college association sent a letter to its Congressional delegates warning that without government help, some schools would be unable to fulfill their payroll responsibilities this week. "Any further delay by Congress or the administration," they wrote, "will have immediate devastating effects on these institutions and the families they serve." The American Council on Education sent a similar plea to every member of the House of Representatives...
...opposite party of the incumbent, Kryzan - like Barack Obama - seems poised to benefit politically from the current turmoil on Wall Street. With the help of the Democratic Congressional Campaign Committee, she has been blasting Lee for refusing to state whether he would have voted for Congress' $700 billion bailout bill. (Kryzan says she would have voted yes; Lee says the bill was "necessary," but an "embarrassment" because it was loaded with so many pork barrel projects.) Upstate New York and the rest of the Rust Belt has been hit particularly hard by the economic downturn, with the region still reeling...
Nelson Mandela's African National Congress (ANC) remained united despite repeated efforts by its enemies to divide and destroy it during the three decades in which its leaders endured exile, prison, torture and assassination. But after 14 years as South Africa's ruling party, an internal power struggle appears to have finally torn it apart. Senior members of the party on Wednesday announced plans to leave ANC and form a new political party. At a press conference in Johannesburg, Mosiuoa "Terror" Lekota, a former political prisoner who served as national chairman of the party and defense minister, said...