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...failed to turn around the economic decline." It took the Republicans eight years to get us into this mess with their nonexistent oversight of financial companies and their allowing the deficit to balloon to $10 trillion. In the end, all Gingrich can offer as an answer is Contract with America 2.0--which consists mostly of tax cuts. It's the old trickle-down economics with a fresh paint job. I'd much rather have tax-and-spend Democrats than borrow-and-spend Republicans. David Ingram, ST. LOUIS...
...Last month AIG said it had paid out about $50 billion to various financial firms to which it had sold credit-default swaps, which are insurance contracts sold to bond investors and others. When a bond defaults, a holder of a CDS has the right to be reimbursed for the loss by the seller of the contract. AIG was one of the largest sellers of such contracts. Much of the credit insurance AIG sold was on mortgage bonds, which are backed by home loans. As more and more homeowners defaulted, many of those bonds plummeted in value, causing the holders...
...office, Gingrich says, he "has so far failed to turn around the economic decline." It took the Republicans eight years to get us into this mess with their nonexistent oversight and their allowing the deficit to balloon to $10 trillion. All Gingrich can offer as an answer is Contract with America 2.0 - which consists mostly of tax cuts. It's the old trickle-down economics with a fresh paint job. I'd much rather have tax-and-spend Democrats than borrow-and-spend Republicans. David Ingram, ST. LOUIS...
...Despite widespread admiration, this semester will mark the end of Mitchnick’s dynamic and influential presence in the department. According to the terms of her current contract as an Arhnhiem lecturer, Mitchnick is only allowed a once renewable five-year appointment. But the contract does not state that she and other Arnheim lecturers cannot be hired under different circumstances...
...Given the praise Mitchnick’s teaching has garnered from students and professors, many speculate that there might be more to her departure than simply the technicalities of a contract...