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...publicly discussed by either the Congress of the Bush Administration. But it ought not be considered ideologically beyond the pale, since the U.S. government did get equity stakes when it bailed out mortgage giants Fannie Mae and Freddie Mac, as it did last week for AIG, the world's largest insurance company...
...Swedish experts caution that the Swedish financial system is relatively small compared to the U.S. In 1992 most leading government officials knew the bank chiefs on a first name basis. Still, the Swedish experience could hold other lessons, says Robert Bergquist, chief analyst at SEB, one of Sweden's largest banks. "The Swedish success depended on four factors," he explains. Stockholm acted quickly, in open acknowledgement of the problems, and under a broad political agreement across the party spectrum. "Running parallel with these three factors," he says, "a new economic policy - new goals for inflation and the budget - was developed...
...left her behind the counter and got on a train across Paris. Arriving at the city’s largest station, I tried again. “There is nothing I can do, sir,” I heard. “People like you come in here day after day, day after day. And I can only help those with proper identification. You’ll just have to come back with your photo ID next week...
...underestimated the popularity of the program “by a huge amount,” and that Mass. Gov. Deval L. Patrick ’78 is trying to close the gap between how much hospitals spend and how much the state reimburses. As one of the 10 largest health systems in the state, the Health Alliance currently receives over 700,000 patient visits a year—and that number is expected to increase in coming years. Representatives at the state’s Executive Office of Health and Human Services were not available for comment...
...become a victim of environmental degradation, though it emits little in terms of carbon dioxide, the country has taken strong measures to protect the environment in the face of a paucity of resources and money. This year, Tong’s administration created the world’s largest marine reserve—400,000 square miles in size—that oceanography professor James J. McCarthy, an expert on climate change, called a “remarkable gift to the world...