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...find loopholes in the law. "It brings everything off the books," explains Will Evans, who is tracking outside spending at the Center for Investigative Reporting. "It takes away the disclosure that used to happen." The partisan war has further escalated because of technological shifts that have made communicating en masse over the Internet all but free. Viral e-mail messages are spamming inboxes daily, with rumors and innuendo that range from the credible to the outrageously false, with no ready way for voters to distinguish between...
...major quality issues with our nation's flagship product. The authorities have acknowledged the problem--"This is a humbling, humbling time for the United States of America" is how Treasury Secretary Hank Paulson put it in one TV interview. So now Paulson & Co. are recalling defective financial products en masse, slapping GUARANTEED BY THE U.S. GOVERNMENT labels on some of them and replacing others outright with U.S. treasuries...
...Treasury Department and Federal Reserve now are making plans to buy troubled mortgage securities en masse from banks and other financial firms. This would amount to moving from ad hoc loans and bailouts to a more systematic approach to resolving the bad-debt problems at the heart of the current financial crisis. Systematic apparently sounds good - the Dow jumped 400 points after CNBC first reported Thursday that such an effort was in the works, and on Friday, markets around the world opened sharply higher. But the price tag could be steep. "We're talking hundreds of billions," Treasury Secretary Hank...
...Livni says one of her favorite hobbies is playing the drums. Her apartment neighbors are probably grateful that now that she is the leader of the Kadima Party and en route to becoming Prime Minister, she won't have time to bang away. But it will be one long drum roll in the weeks ahead to see if Livni can form a new governing coalition...
...came out firing and held off previously unbeaten Davidson (2-1-3, 0-0 Southern) for a 2-1 victory on Friday afternoon.The Crimson went 7-2 at Ohiri Field last season and was ready to return home after logging plenty of hours en route to its first three games in California and New Hampshire.“We’ve gone across the country twice, then played New Hampshire, then come back here,” Leone said. “For that, it was a great game.” Senior Erin Wylie and freshman Melanie Baskind...