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Even though the bankers are first up, the FCIC won't stop there in heaping the blame. Congress set up the commission early last year with a mandate to investigate 22 possible things, from mortgage fraud to global savings imbalances, that could have either caused the financial crisis or made it worse. Modeled after the 9/11 commission, the FCIC is much larger than any other panel or watchdog created in wake of the financial crisis. The FCIC has 10 members, including six appointed by Democratic lawmakers and four appointed by Republicans. It has a budget to hire 35 staffers...
While Merkel may be able to look at Germany's domestic conditions with some confidence, there are profound international challenges ahead. Some sense of Merkel's priorities can be gleaned from her Nov. 3 speech to Congress. (She is only the second German Chancellor accorded the honor.) The speech, with its heartfelt and moving thanks and tributes to the U.S., could have been made only by someone who grew up in a Soviet satellite state. Throughout, it was easy to see how her past had shaped her view of the world. There should be, she said, "zero tolerance towards...
...Franco, who presented his findings at a European congress on human pathology in Florence last fall, says his objective is not to bleed the lyricism out of art but rather to render the lives of the subjects more vivid. "Illness is part of the body, not a metaphysic or supernatural dimension," Franco told La Stampa. "And so in revealing their physicality, the people depicted expose their human vulnerability independently from our awareness of the authors of the work." (See the top 10 heists...
...review its procedures, for the State Department to review its handling of visas and for White House staffers to continue their investigations into systemic failures. In the coming weeks and months, the shortcomings that led up to the Christmas Day bombing attempt are sure to be investigated by Congress and perhaps other agencies - including the inspectors general who oversee the intelligence community. Those inquiries may do more to single out individuals who failed to do their jobs, if the President's own continuing investigation does not call them out first...
...December 2009, after local elections where Ma's party lost ground. Despite objections from China about selling arms to Taiwan, the U.S. awarded Lockheed Martin Corp the contract to provide Patriot missile systems as part of a $6.5 billion arms sale package to Taiwan passed by the US Congress in 2008. The U.S. missile systems could shoot down Chinese short-range and mid-range missiles. China has over 1000 missiles pointed at Taiwan, a democratic island China claims...