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...biggest issue left unresolved by the stress tests, which concluded that 10 of the 19 top U.S. banks need an additional $75 billion in capital, is how the banks will get de-stressed. Originally, when Treasury Secretary Timothy Geithner announced the tests, he said they would determine how much additional capital banks needed to remain solvent, and the government would then provide that amount to the banks. Now the Treasury is giving the banks that are believed to need additional money, including Bank of America, Citigroup and Wells Fargo, until June 8 to come up with their own plan...
...decades watching the priestly perdition parade of sexual abuse, parish embezzlement and doctrinal intolerance. The Archdiocese of Miami has had to pay out millions of dollars in sexual-abuse settlements in recent years - including a case involving a former priest at Cutié's South Beach church, St. Francis de Sales. (One of Cutié's tasks, in fact, has been to heal the wounds at that parish.) To his credit, Favalora is trying to restore public trust in his archdiocese and the church. But so long as Cutié wasn't frolicking with a minor (female or male...
...dogmatically stern nun Mother Angelica. Last December Cutié blasted Playboy's Mexican edition for what he called a "blasphemous" cover photo that depicted a model as the Virgin Mary. On his shows on the Radio Paz (Radio Peace) network and in his columns and books, like Ama de Verdad, Vive de Verdad (Real Love, Real Life), Cutié usually toes the Vatican's doctrinal line on issues like abortion...
...first line of defense against this new evil has been the Mexican hospitals, doctors and nurses," Calderon said, flanked by modern tanks and cadets. "Mexico has been at the front of the battle, defending humanity against the propagation of this virus." (See a brief pictorial history of Cinco de Mayo...
...capital to the golden beaches that tourists fled in droves are all complaining they have been hammered by the epidemic and its consequences. In the Caribbean paradise of Cancun, six major resorts were to take their own holiday because they had been emptied of guests, said Rodrigo de la Pena, president of the Cancun Hotel Association. "This is the best action they can take to avoid having to lay off staff," de la Pena said. Pena hoped that the lack of tourists would last no more than three months. But others fear that few Americans or Europeans will be back...