Word: givees
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...other hand, the clunker program was overly complicated, a nightmare to manage for dealers and difficult to understand for consumers. I would give the pure sales impact of the program an A and the administration of the program a D. (Watch TIME's video: "The Secrets to Cash for Clunkers' Success...
...safe bet that Kennedy's memoir will soar to the top of the best-seller list, though in the wake of his death his political aides are considering how best to handle its marketing - with his family in mourning, they may turn to his Senate colleagues to give interviews about the book. Three other recent books about Kennedy - Last Lion: The Fall and Rise of Ted Kennedy, edited by Peter Canellos (Simon & Schuster); Ted Kennedy: The Dream That Never Died by Edward Klein (Crown); and Ted Kennedy: Scenes from an Epic Life by the Boston Globe (Simon & Schuster) are also...
...last week enacted a law to decriminalize possession of small amounts of all major narcotics, including marijuana, cocaine, heroin, ecstasy and crystal meth. Anyone caught in Mexico with two or three joints or about four lines of cocaine can no longer be arrested, fined or imprisoned. However, police will give them the address of the nearest rehab clinic and advise them to get clean...
...that reason, Williams believes those lenders need to step up and do more to help struggling local homeowners revise their loans and hang on to their houses - and he wants to give his frustrations some legal teeth. Williams has proposed a city ordinance that could penalize banks that fail to offer modifications before starting foreclosure proceedings. Local governments have no formal legal oversight over banks, but under Williams' ordinance, if a lender's number of foreclosure actions in Miami Gardens over a designated period exceeds the number of loan modifications it offers to financially burdened or delinquent homeowners, the city...
...markets decide who oversees them? Haven't the markets decided enough? Bernanke may be the ideal benevolent financial despot - a nebbishy superscholar with minimal connections to Wall Street and no previous hunger for power - but the next Fed chairman may be less ideal. And Obama has proposed to give even more regulatory power to the Fed, even though it has shown little interest in the past in curbing the excesses of the markets. At the same time, any politician who meddles with the Fed gets pilloried for threatening its hallowed independence; it's like the Supreme Court, if the Supreme...