Word: congressed
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...female Speaker, Nancy Pelosi, finishing her third year as leader of an energetic Democratic majority, but she is doing it with style, creativity and persistence. Pelosi has risen to the challenge offered by the economic instability and tumult of a new Administration to preside over a historic session of Congress. If that doesn't make her Person of the Year, I don't know what could...
Hijackings in the U.S. grew rarer in the '90s, and the ranks dwindled again; by 2001, there were reportedly just 33 U.S. air marshals left. Following 9/11, Congress reportedly pushed that number to 4,000, but as the years passed, skepticism returned. One critic, Representative John Duncan Jr. of Tennessee, noted that since 2001, the agency has averaged slightly more than four arrests a year--at a cost per arrest of around $200 million. There were no air marshals aboard Flight 253 on Dec. 25, but that may not have mattered: civilians, after all, took down the would-be bomber...
What's needed? At the U.N. on Thursday, institutional investors from the U.S., Europe and Australia who represent more than $13 trillion in assets called for Congress and other policymakers to take swift action, principally through a cap-and-trade bill, which would limit the amount of carbon industry can produce and allow manufacturers to buy and swap credits, so that those who come in under the limit can sell polluting permits to those who exceed it. It's speculative capitalism with a bright green tint. For the idea to work, the private-investment community needs TLC from government policy...
...from Chile, is not absolving American bankers and regulators. But he says investigators and lawmakers who are looking into the financial crisis are spending too much time grilling Wall Streeters and not enough time looking into the global imbalances that are largely to blame. "What worries me is Congress trying to create new regulations, but not asking where the pressure was coming from to create these products," says Caballero. "In terms of formulating a solution, just looking at the U.S. financial system is not the answer...
...Rosenberg's intent was to challenge Colom's legitimacy, he appears to have done the opposite. "Colom's position has been enormously strengthened. He comes out not only vindicated but looking like a statesman," says Anita Isaacs, a Guatemala expert at Haverford College who has testified before the U.S. Congress on peace building in the country. Colom, the first left-of-center President to be elected in more than 50 years, won office with the support of indigenous, rural Mayans and vowed to help alleviate widespread poverty in the countryside with programs that have angered the nation's oligarchy, including...