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...Biden as a running mate; we believe that the combination of Biden’s foreign policy experience and Obama’s expertise on domestic issues will prove a potent combination in the White House. This will be especially crucial considering that Democrats are very likely to expand their majorities in the House and the Senate come November...
...college students concerned about their futures, McCain is the only logical choice. In the short-term, McCain wants to expand the Federal Family Education Loan Program that provides subsidies to lenders offering parent and student loans. In the long-term, his stance on social security makes sense for a generation being disinherited by the flawed institution. Obama’s proposal of increasing the income tax for social security pales in comparison to McCain’s introduction of personal accounts...
...Some are optimistic that targeted measures to prevent more business failures, such as those proposed by Aso's adminstration this week, can stem the tide."The most important thing is to prevent the bankruptcy of the real estate companies, so that it doesn't expand to other industries," says Yoji Otani, senior analyst at Credit Suisse...
...against the backdrop of a deteriorating business climate. American consumers, too, are trying to reduce household debt, so borrowing more money for a new car or to remodel the kitchen is not a high priority. And without greater consumer spending, most companies have little need for new loans to expand operations. "Interest rate cuts don't matter in this environment," says Kirby Daley, senior strategist at financial-services firm Newedge Group in Hong Kong. "It doesn't get at the heart of the issue...
...that appears in doubt, sources said. While they have publicly shown a united front, Bair has locked horns repeatedly with officials at Treasury and the Federal Reserve during the scramble to deal with the financial crisis over the past year. In previous talks to expand the responsibilities of the FDIC, critics accused Bair of being more concerned with protecting her agency than halting panic in the system. Bair responded by saying FDIC insurance for everyday Americans was too important to put at risk without sufficient guarantees of its stability...