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...Already, the effort to repay TARP is boosting the cost of borrowing for some banks. That's because banks have to regularly issue bonds in order to have money to make loans and underwrite securities. This became much harder to do during the credit crunch, so the government began allowing banks to offer bonds that are insured by the Federal Deposit Insurance Corp. (FDIC). With the government's backing, banks were able to raise money. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Paying Back TARP: Good for Banks, Bad for Investors? | 5/22/2009 | See Source »

...Young said that one of his most significant accomplishments in Newton was his effort to guarantee academic excellence in all of the schools across the city. The challenge, he said, was standardizing the district’s curriculum without inhibiting teachers’ creativity...

Author: By Sofia E. Groopman and Michelle L. Quach, CRIMSON STAFF WRITERSS | Title: Young To Enter Amid High Expectations | 5/22/2009 | See Source »

Todd, Chuck •the word "credible" is applied to Cheney by - really, "credible," he actually said it - as part of the contemptible media effort to portray the immediate following of a presidential speech about national security by Cheney's self-serving defense of the beyond-disastrous policies he was the architect of as some kind of battle of equals...

Author: /time Magazine | Title: Paul Slansky's News Index: This Preposterous Week | 5/22/2009 | See Source »

...existing statute allows for classified evidence to be summarized, without source, for civilian courts. "The trouble is, in open court, the judges and the defense lawyers always want to know the source of the information," says former CIA director Michael Hayden, who says he made a good-faith effort to cooperate in one civil terrorism case, "and we just can't go there." (See pictures of Guantánamo Bay's detention facilities...

Author: /time Magazine | Title: A Middle Ground on Enemy Combatants | 5/21/2009 | See Source »

...Hardest hit has been Las Vegas Sands, whose chairman, Sheldon Adelson, envisioned transforming a stretch of reclaimed Macau land called Cotai into a new Las Vegas Strip with a $12-billion development of hotels and casinos. He launched the effort in 2007 with the opening of a 3,000-room Venetian hotel similar to his flagship Las Vegas property. But last year Adelson struggled to find financing for the project. Construction on new hotels was suspended in November, and the company recently said it would cut as many as 4,000 workers from its Macau operations. Late last year...

Author: /time Magazine | Title: Fortunes Fade for Macau's Casino Kings | 5/21/2009 | See Source »

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