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...That bond is now being handled by JP Morgan following the collapse of Bear Sterns in the 2008 global financial crisis. "Without Trump, we would have lost our shirt," Khafif admits. Since then, more than 2,000 construction workers add a new floor each week, silencing many of the earlier skeptics who claimed the project would never get off the ground...
...Even as other economic signals have started to turn positive, the jobs situation has remained bleak. In February, the economy lost a net 36,000 jobs, which is leagues better than the 726,000 lost in February a year earlier but points in the wrong direction all the same. Were the economy to magically start generating jobs at a healthy clip - say, 200,000 a month - it would still take 3½ years to return to where we were, never mind the jobs we need for new entrants to the workforce...
...Thursday, House Democrats inched the health care boulder a bit further up the legislative hill after the nonpartisan Congressional Budget Office said the House's new health care proposal would slash $138 billion from the federal deficit by 2019, and extend health insurance to 32 million uninsured Americans. Earlier in the week, observers wondered why it was taking longer than expected for the key number cruncher to issue a verdict. Not only did the delay raise the question of whether all the compromises made to try to win broad enough support would make the bill too costly, but it also...
...Senate health-reform bill and a package of changes to the legislation assembled by House Democratic leaders. Indeed, the momentum seemed to be shifting as the day went on. In the wake of the positive CBO evaluation, Democratic Representatives Betsy Markey and Bart Gordon - who voted against an earlier House reform bill - committed to supporting the newly unveiled legislation. Also on board Thursday were members of the House Hispanic Caucus, who had threatened to withhold support for reform over provisions related to undocumented immigrants. While Democrats still do not yet have the 216 votes needed to pass the bill...
...Earlier this month, divers took to the polluted waters of Hong Kong's Rambler Channel, searching for the body of a drowned 7-year-old boy. A week earlier, the boy and his mother, a 39-year-old divorcée and welfare recipient, were seen plunging 17 meters to the sea from the Tsing Yi Bridge, near the city's container port. The mother's body was quickly retrieved, but except for a red schoolbag, there was no trace of the boy until March 4. On that day, his body was finally hauled out of the water, and Hong...