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...photographers and the international media. "It has been unbelievable," Kaps says of the response. "If we are successful, then this has wider implications. We are no art project, not a venture of some madmen - we want to be a thriving business for at least 10 years." Which should give instant-photography lovers plenty to smile about...
Current Fed chairman Ben Bernanke has had to explain himself on Capitol Hill a lot more often than that. As Bernanke waited to give his semiannual Humphrey-Hawkins testimony before the House Financial Services Committee on the morning of July 21, Alabama Republican Spencer Bachus thanked him for his "willingness to make yourself available on countless numbers of occasions." Since February, the Fed chairman has been called to testify about Bank of America's takeover of Merrill Lynch, the government's bailout of AIG, the federal budget deficit, the Fed's various new lending programs and the economic outlook...
...hard to tell whether the Fed is in any actual danger from its congressional critics. The Administration's proposals for regulatory reform would, on balance, give more power to the Fed than it has now. And House Financial Services Committee chairman Barney Frank remains a staunch Fed defender. "When you have a terrible mess, it is unlikely that those who attempt to alleviate the danger will come out looking clean," he said in Bernanke's defense this morning. Then again, Frank said, the congressional griping will likely continue until the economy begins to show marked signs of improvement - because...
President Barack Obama has said that he is concerned about the potential impact of such tariffs on free trade, and that putting up such barriers would only make a global agreement more elusive. But other provisions could give the U.S. quiet leverage over developing nations. Annie Petsonk, the international counsel for the Environmental Defense Fund, says that the U.S. could make access to American carbon markets - which could eventually be worth trillions - contingent on how developing nations deal with climate change, for example by agreeing to mandatory reductions in the rate of growth of their emissions. "Carbon-market access...
...officer said he warned Gates multiple times that his behavior was becoming disorderly before the actual arrest, but Ogletree says the officer did not provide his name or give any indication that charges would be filed. Ogletree says the officer simply exited the kitchen to leave the home, and that Gates followed the officer to the front door only to see multiple other police officers standing outside. When Gates stepped onto the front porch to ask for the police officer's name, the officer said "thank you for accommodating my earlier request" and placed Gates under arrest, Ogletree said...