Word: leaching
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...didn't have commercial banks ready to step in, you'd have a vastly bigger crisis today," says Jim Leach, a Republican former Congressman from Iowa (and current Barack Obama supporter) whose name is on the Gramm-Leach-Bliley Act that repealed Glass-Steagall. Leach is no neutral observer, and there can be no proving that Glass-Steagall repeal has made the world safer. But amid the predictable debate now underway about how much new financial regulation is needed, it just doesn't make a very convincing scapegoat for the crisis...
...keeping banks healthy, not by shoving them back into their New Deal box but by reasserting their central role in the financial system. Glass-Steagall repeal can best be understood as part of this effort. So was 1994 legislation allowing interstate branching. This was a bipartisan movement: The Gramm-Leach-Bliley legislation passed the Senate 90-8 (Joe Biden was for it; John McCain didn't vote, but had supported the bill in an earlier roll call...
...children isn't that hard. Watch out for the number 7 on the bottom of plastic containers, which often means they contain BPA; avoid canned foods for children; and don't microwave plastic food containers that contain the chemical, as heat can make it easier for BPA to leach. Ultimately, though, it may not even matter what the FDA does - a new report by the Investor Environmental Health Network says that consumers, manufacturers and retailers are already forgoing the chemical, buying and selling BPA-free bottles and other products. Wal-Mart and Toys 'R Us have already announced their intention...
...have less respect in the world than at any point in our history," Leach said. "We need to pay attention to other countries in order to expand the rule...
...Leach felt Obama's biggest challenge was to become more familiar to the public between now and November. "This is a historic election," he said, "and there is a great vision on the table. He's just got to go out and convey that message to the public...