Word: congression
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...faith for many on the left - and some from other political precincts - that the 1999 repeal of the Depression-era Glass-Steagall Act, which separated commercial banks from Wall Street, is directly responsible for our current dire financial plight. Its repeal, argued journalist Robert Kuttner in testimony before Congress last year, enabled "super-banks ... to re-enact the same kinds of structural conflicts of interest that were endemic in the 1920s...
...York Fed asked Goldman Sachs and JPMorgan Chase & Co. to try to arrange a $70 billion private loan for AIG, but that didn't go anywhere. Treasury officials mulled a government conservatorship as with Fannie Mae and Freddie Mac, but it might have required an act of Congress to make that happen. So the Fed devised a deal in which AIG agrees to repay the loan with asset sales and give the government (and thus taxpayers) a 79.9% equity stake in the company...
...According to the Amethyst authors, now is the perfect time to engage the public and our elected representatives in this debate. In 2009, Congress will have to reapprove the transportation bill, providing a chance to remove the clause that threatens withholding of highway funding for states with minimums beneath 21. Removing this counterincentive could be the first step to allowing state legislatures the freedom to look toward alternative alcohol policies...
...bring technological prowess and entrepreneurship to the United States. Thousands of engineers and computer scientists arrive in America yearly to fuel high-tech businesses. Silicon Valley is filled with startups founded by immigrants, like Vinod Khosla’s Sun Microsystems and Sergey Brin’s Google. Astonishingly, Congress has actually reduced the number of special H1-B visas given to foreign workers, which allow American companies to import guest workers with highly specialized knowledge. As a result, many of these workers move to countries with more liberal immigration policies, like Canada and Australia. In these cases, America?...
This wasn't a problem when McCain was just an Arizona Senator, burnishing his maverick credentials by blasting the explosion of earmarks under the GOP Congress and highlighting the role of earmarks in GOP scandals. But when he became the Republican nominee, his across-the-board opposition suddenly became inconvenient. Aid to Israel and military housing is funded through earmarks, so McCain had to make it clear he'd protect those programs from cuts. He made a similar exception during his anti-poverty tour in April, when he visited an African-American community in Alabama that got ferry service through...