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...came from. Less easy to understand is why Paulson initially stubbornly insisted that the bailout bill be structured as an asset-purchase plan - it's still called the Troubled Asset Relief Program, or TARP - rather than as a straightforward recapitalization of troubled banks. Treasury has since switched to the latter approach, so far putting $216 billion of the TARP hoard into capital injections. On Wednesday, Paulson said that Treasury has concluded that, for the moment at least, buying illiquid mortgage securities "is not the most effective way to use TARP funds." Instead, Treasury will look to help nonbank lenders involved...
...ministries. Most significantly, Mugabe and his Zimbabwe African National Union-Patriotic Front (Zanu-PF) would retain control of the army and national defense, while Tsvangirai’s Movement for Democratic Change (MDC) would be in charge of daily operations and home affairs. Tsvangirai considers the latter cabinet essential given its control of the police, who were tools for Mugabe’s suppression of Tsvangirai supporters in the weeks before the presidential runoff. They were so violent that Tsvangirai was forced to withdraw even though he had won the initial popular vote. Mugabe has rejected this balance of power...
...Transfiguration of Blind Joe Death,” is a miracle of acoustic innovation, showcasing peculiar compositions and idiosyncratic arrangements. That album’s bizarre, esoteric liner notes became one of Fahey’s many trademarks. It was Fahey who, in effect, discovered Kottke, when the latter mailed his demo recordings to Fahey’s nascent label, Takoma Records; to this day, Kottke’s debut remains Takoma’s best-selling record. While Kottke may have been Takoma’s star—his music is the most accessible...
...well a film stands alone, the question is no longer just, “Is this a good movie?” but also, “Is this movie a fitting end to a career that ended too soon?” And the answer to the latter in reference to “Soul Men” is, “Yes.” Although it might soon be forgotten were it not for Mac’s passing, “Soul Men” manages to entertain as an homage to the days of soul...
...high school short, however, worry that proposals such as New Hampshire's could exacerbate existing socioeconomic gaps. One key concern is whether test results, at age 16, are really valid enough to indicate if a child should go to university or instead head to a technical school - with the latter almost certainly guaranteeing lower future earning potential. "You know that the kids sent in that direction are going to be from low-income, less-educated families while wealthy parents won't permit it," says Iris Rotberg, a George Washington University education policy professor, who notes similar results in Europe...