Word: investive
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...never thought I'd be agreeing with Republican Senator Richard Shelby from Alabama, but my assessment of the current bank bailout conforms with his response: No! Invest in infrastructure, home weatherization, worker-retraining, green-collar jobs and whatever will move us away from our oil addiction. Rather than doubling down on our already obscene national debt, we should face up to letting the chips fall and reorganizing our lives and economy around a sustainable paradigm. Bruce Garver, Murrieta, California...
...thing it could do is to buy time. Monetary policy doesn't work anymore, once confidence is lost." Kanno and other observers in Japan - recalling their own painful financial crisis in the 1990s - believe the solution needs to be far more dramatic. They advocate that the U.S. government directly invest taxpayer money into private financial firms. "The authorities must do anything they can," Kanno says. "If the banks are in trouble, they can be nationalized and the government can protect the whole system." Yesterday, Britain pledged hundreds of billions of dollars in credits, guarantees and cash to shore...
...Ironically, it was leaking news of the British government's still unfinished rescue plan that caused mayhem in the markets. The government is offering to help banks raise up to $88 billion of new capital, either by buying preference shares in the institutions or encouraging commercial sources to invest. Together with an extension of the Bank of England's special liquidity scheme, which will now make $350 billion available to banks in short-term loans, the package is intended to stabilize the banking system and foster the sector's recovery. It can be implemented without any new legislation or parliamentary...
...where electoral votes are distributed by congressional district; Obama hopes to steal one such vote in the more liberal Omaha area. On Tuesday, Palin is scheduled to appear at a rally in North Carolina, another traditionally Republican region that Republicans once hoped they wouldn't have to invest time and resources into...
...Obama campaign, by contrast, continues to invest heavily in positive issue-oriented advertising, including spots that describe Obama's economic and health-care plans. At the same time, Obama has been hitting McCain on the stump, charging that his campaign is running away from the real issues to launch "Swift-boat style" smears. In one recent advertisement, the Obama campaign quotes an editorial saying McCain has shown "erratic" leadership over the past two weeks...