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...Stabilization Act, known as the bailout plan, was to restore stability and liquidity to the U.S. financial system. The TARP, one of the Act's driving initiatives, was intended to be a mechanism for financial institutions to offload toxic assets, in general, heavily leveraged ABS securitized by banks and held on their books. An ABS is considered a toxic asset when the value of the ABS is less than the original investment. The toxic asset has a negative impact on the bank's balance sheet which, when multiplied, reduces the banks ability to lend...
...Court extended the right to legal counsel to juveniles in 1967. But in practice the requirement still goes largely unfulfilled, in part because in some jurisdictions, it does not apply to the initial detention hearings at which judges decide whether the minor can stay at home or must be held by authorities. In addition, the confidentiality measures in place to protect the identities of minors can sometimes prevent much needed transparency...
...press conference held Monday at the Spanish naval base of Rota, Chacón denied any mistakes in the Kosovo incident and emphasized that the decision to withdraw was "intractable...
...That's a view widely held across French society. But in a sign of change, more and more voices are speaking up to support Sarkozy's and Sabeg's ideas. The number of minority characters on television, film and in the media generally has noticeably increased over the past few years. People in other industries have begun pointing out the practical problems created by the legal ban on including ethnic data in official statistics. "From a sociological point of view, I'm for it, just as I'd be inclined to include any qualitative statistic as revelatory and essential...
...Hadba won 19 of the provincial council's 37 seats during elections in January, running on an anti-Kurdish platform in the still violent mixed but predominantly Sunni province. Its victory meant a realignment of power away from the minority Kurds who held disproportionate sway due to a Sunni electoral boycott in 2005. However, it has also set the stage for a showdown between the two groups. (See an analysis of Iraq's future...