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...need look no further than President-elect Barack Obama’s transition website—aptly located at www.change.gov—to remember his promise of a new and improved Presidency. Yet, as Obama begins the vetting process for cabinet-level and advisory posts, many Americans have decried his focus on Washington insiders. Such critics claim that, by hearkening back to people who held positions in the Bush and Clinton administrations, Obama is abandoning his entire platform of change. What this argument fails to address, however, is that even those experienced politicians whose names may be familiar...
...He’s playing great. He’s very mature, he’s got great hands, very patient,” Pusar said. “He doesn’t seem like a freshman at all, and we don’t look at him like he is one.” The players acknowledge that the most crucial area that needs improvement is their overall sense of team. “In order to improve, we need to trust each other,” Harris said. “The foundation is definitely there...
...loan liabilities off its balance sheet. On Wednesday, Citigroup said it would repurchase the last of those SIV assets for $17 billion. But Citigroup still has a remarkable $130 billion in unfunded off-balance-sheet liabilities. Not all of that will go bad. But conditions don't look good for the $2.5 billion in obligations to off-balance-sheet collateralized debt obligations, or to a lesser extent the $63 billion it has in asset-backed debt...
...press conference last week the leaders of the solar, wind, geothermal and hydropower industries called on Obama and the incoming Congress to look ahead. First, energy leaders asked Obama to immediately adjust the alternative-energy production credit to provide green investors with a cash rebate, rather than a tax reduction. With the economy tanking, simple tax credits - which Congress renewed in October and without which the renewable-energy industry would not survive - aren't the lure they once were for companies looking to invest in new energy projects...
...rituals are more futile than the "housecleaning" of Mexico's police forces. So deep, broad and brazen is cop corruption south of the border that removing it makes eradicating rats from landfills look easy. Mexico stages quasi-annual purges of officers high and low - last year it was 284 federal police commanders - and yet every year the nation seems to find itself with an even more criminal constabulary. This year's scandals, however, are especially appalling...