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...What sacrifices will Americans have to make under his proposals? Why hasn't the White House been more transparent about the policymaking process, as then candidate Obama promised? Would he insist that members of Congress face the same limits on choice and access to care as the people getting their insurance from the new public health-care plan he advocates? Those were among the excellent questions hurled at the President, and he countered only with partial responses and vague rhetoric...
...merge, break up and restructure companies, but also the work culture of Wall Street itself. Ho, now a professor at the University of Minnesota, talked with Barbara Kiviat about her findings, presented in Liquidated: An Ethnography of Wall Street, and how she thinks the recent financial collapse has - or hasn't - changed things. (See 10 things to buy during the recession...
...foot on the accelerator of health-care reform, but all signs suggest that Capitol Hill is putting on the brakes. In the House, the Energy and Commerce Committee had expected to be finishing up its bill tonight; instead, the only one of the three health-related House committees that hasn't yet produced a bill has suspended its drafting sessions, while committee chairman Henry Waxman tries to work out his differences with a rebellious group of fiscally conservative Democrats known as the Blue Dogs. And in the Senate, Finance Committee chairman Max Baucus remains sequestered behind closed doors with...
...stick of sanctions over the past year hasn't worked either. Last November, the commission stripped Bulgaria of $310 million in funds for failing to tackle corruption; the move had a barely discernible effect on reforms. E.U. officials have also grumbled that Bulgaria's yawning failures have undermined the E.U.'s own credibility as an authority to lay down the law on wayward members...
...this willingness to explain policies and chat with Congress about them hasn't endeared Bernanke and the Fed to all its members. Far from it. After thanking Bernanke in his opening remarks, Bachus - the ranking Republican on the committee - went on to complain that the Fed had taken on too much authority and should restrict itself in the future to setting monetary policy. Texas Republican Ron Paul, whose calls to abolish the Fed have gotten more attention lately than they used to, claimed that "the Federal Reserve, in collaboration with giant banks, has created the greatest financial crisis ever seen...