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...proposal for this unprecedented government intervention in the market follows a series of financial shocks in recent weeks, including the failure of Lehman Brothers, the government takeover of mortgage giants Fannie Mae and Freddie Mac, the largest government bailout to date, an $85-billion loan to the American Insurance Group, and most recently, the failure Washington Mutual and its subsequent takeover by federal officials in the largest bank failure in U.S. history...
...Agriprocessors faces mounting legal and commercial challenges while struggling to regain its standing as the nation's largest kosher meat supplier, residents of this town of 2,273 are nervous. The company sought to address concerns in the community and beyond last week by hiring a new CEO, New York attorney Bernard S. Feldman. "I have every intention of making Agriprocessors a model of kosher production," Feldman said in a statement, pledging that the company will work closely with governmental agencies concerned with product safety, labor rights and the humane treatment of animals. Feldman's appointment came a day after...
...support the nation's threatened farmers. The government has proposed providing stipends to owners of milk cattle to prevent farmers from selling them or butchering them. But as herds disappear, it seems likely that China's $19 billion dairy industry will lose its ranking as the world's third-largest...
...this what they mean by putting an end to partisan bickering? Reaching across the aisle to share focus groups? The lifeblood of the world's largest economy was clotting, but the men who would be President answered with shared simplifications: muttered prayers to the god of oversight, an idle hope that taxpayers might awaken one day to a windfall, and the timeless amusement of humble millionaires bashing arrogant millionaires on behalf of folks who may never breathe debt-free...
...removal held out at least the prospect, down the road, of some economic benefits. A spot on Washington's terror list scares off the world's multilateral lending institutions - including the IMF, World Bank and Asia Development Bank - from even considering aid programs given that the U.S. is their largest contributor...