Word: federales
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Some economists still persist in the belief, which has the benefit that it may be true, that the Administration's stimulus package will catch hold before the end of the year. It is not a good sign that Congress is still fighting over the federal budget which is also part...
3. Rod Blagojevich. The already unpopular Illinois governor was caught in a federal investigation over his alleged attempts to sell a U.S. Senate seat. Apparently, that's not kosher.
The Administration is already suggesting that its stimulus package, aid to banks, and budget will stretch the Treasury to raise hundreds of billions of dollars to cover a deficit that will be well over one trillion dollars in the next federal fiscal year. Bringing in that money is already projected...
Although the hedge-fund industry has long relished the light touch of lawmakers and financial regulators, a new era is dawning for largely unregulated financial institutions, and rightly so. The huge systemic risks associated with hedge funds and other unregulated firms in the financial system have a ruinous potential in...
The original version of this story incorrectly stated that Girls Gone Wild founder Joe Francis had been sentenced to eleven months in prison for the videotaping of underage girls. Francis was not sentenced for any crime. He served 35 days in jail in Florida for contempt and eleven months in...