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...with hundreds of millions of dollars in losses. Small businesses say they could be cut off from credit. That could cause more layoffs and further delay an economic recovery. Massachusetts Representative Barney Frank, a Democrat who heads the House Committee on Financial Services, said he has heard from a lot of people who say it will be a big problem for the economy, small businesses in particular, if CIT fails...
...itself is not a material issue for any of the large publicly traded life-insurance companies," says analyst Jeffrey Schuman, who follows that sector at investment bank Keefe Bruyette & Woods. "But these guys have taken a lot of hits, so we continue to watch their investment portfolios...
...adjourns for its August break. White House officials concede that missing that deadline could throw the entire exercise off track, because it would give opponents a month to undermine it. Says one: "If we don't get it done before the August recess, it will be subject to a lot of attack" when lawmakers are home among their constituents. (See how to prevent illness...
...former Crimson managing editor and MD/MBA joint-degree candidate who helped organize the petition, said that "we have not gotten a response from the Dean providing further explanation of the funding cut or the status of the Division of Primary Care, so I think there still is a lot of uncertainty within the community about where things stand exactly...
...area south of the capital, Algiers, opened fire on what soldiers thought was a terrorist encampment. The monks were among the corpses discovered there. When Buchwalter reported that news to his superiors, he said, he was ordered to remain silent to protect French-Algerian relations. "There are a lot of aspects of the official story that just don't stand up, including the fact that several alerts on the Algerian army's responsibility were never followed up," says a French counterterrorism official who confirmed to Time the existence of Buchwalter's testimony after it was first reported by French daily...