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...That could translate into a lot of money. In the past six months, the nation's largest banks have raised just over $225 billion using government guarantees, according to Thomson Reuters. Had the banks had to raise that money on their own it would have been much more expensive. Morgan Stanley, another bank that has reportedly been looking to pay back TARP funds, has raised $23 billion in FDIC-backed debt since the program began in November. Hintz estimates the government's help is allowing Morgan Stanley to lower its borrowing costs by 5½ percentage points. That would have...
...Division of Labor Ask anyone in the East Wing how Michelle sees the role of First Lady and you hear a lot about "supporting the President's agenda." But what happens if she disagrees with her husband about some policy he's embraced? "I'm sure I do what every spouse does," she says, as though their potential disagreements are in any way like any other couple's. "We'll have conversations, and we'll share our opinions over the course of the conversation. But I don't want to have a say. Really, there are a lot of times...
...make choices that make sense for you," she says, "because there's always going to be somebody who'll think you should do something differently." When prodded, she admits with a wry smile that there are moments when she misses her old, anonymous knock-around days. "It's a lot easier to live your life," she says, "when everything you do doesn't have a consequence...
...tourism industry. He also notes the Chinese government seems to be loosening its tight visa restrictions on Chinese visitors. "We'll continue to see recovery because of these macro factors," Fischer says. "We have turned the corner." But predicting the future of Macau's gambling industry is a lot like rolling dice...
...majority of the confirmed infections are among high school students. "These are the kinds of people who meet in cafeterias, sports events, youth clubs, karaoke," says Cordingley. "They mingle a lot, and mingling is the perfect environment for this virus." But he added that "We honestly don't know" why the number of infections have jumped. "It's all happened since Saturday." So far, none of those who have contracted the disease in Japan have died...