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There is always hope for more bad news and battles between the government and large banks that would bring the issues back to the front pages of the press. The losses from credit cards, commercial real estate, corporate loans, and derivatives may be substantially greater than the government could have ever imagined. Banks could face hundreds of billions of dollars in additional write-offs. The government and bankers did not see the crisis that is just passing coming. They almost certainly won't see the next...
Federal Reserve chairman Ben Bernanke, speaking via satellite to a bank conference sponsored by the Chicago Federal Reserve Bank, said on Thursday morning that the stress tests "will allow, I hope, for greater confidence in the banks." But even though the stress tests are over, the banks and their investors are not out of the woods...
...because of his good looks but his celebrity. In the chaste, pre-Vatican II culture of the 1950s, no one would have dared wonder if a priestly TV phenom like Bishop Fulton Sheen had a girlfriend. But today, the temptations for an attractive media star, ordained or not, are greater - especially in the narcissistic Gomorrah of South Beach. And Cutié was never a shy altar boy to begin with. Born in Puerto Rico to Cuban parents, he was a popular DJ as a teen, and still likes disco music and getting buff...
...Other areas of government have had success on a far greater scale. The CDC, which began experimenting with social media three years ago, has created a raft of YouTube videos, podcasts, webpage widgets and Twitter-size feeds to inform the public about the latest news on the H1N1 virus, also known as swine flu. Between April 22 and May 4, the CDC received 1.2 million views of flu-related material on YouTube and 46.6 million Web-page views, and attracted 99,000 followers on its Twitter feed "CDCemergency," which provides breaking updates on health issues. Janice Nall...
...Competiton or no, Karzai would probably win the election anyway. He has the benefit of incumbency in a country accustomed to a monarchy, and the opposition parties are fractured. But while Sherzai is no white knight, his candidacy would have lent the election greater legitimacy. It would have given Afghans a chance to get fully involved in the election process, to discuss policies and platforms. Now Afghans are deprived of at least the perception of choice, and of having a say in their future...