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Historian H.W. Brands of the University of Texas points to the demise of the Glass-Steagall Act in 1999 as an unfortunate tipping point of deregulation. Glass-Steagall, passed in 1933, separated investment banking and plain-vanilla banking, which some experts argued made markets safer. (Certain restrictions of Glass-Steagall were repealed to allow the merger of Citicorp and Travelers. Let's just say that didn't end well.) "That was the single moment when the seeds for the bad stuff were planted," says Brands. "There was a belief that technology, the Internet and financial instruments had changed things...
...this has made these 15 Senators - three of whom, including Reid, Bennet and Arkansas's Blanche Lincoln, are facing tough races next November - top lobbying targets of pro-life groups. And the person they expect to be wrangler in chief of this nervous group? Casey. "He's our No. 1 target to influence others," says Joy Yearout, spokeswoman for the Susan B. Anthony List, a national pro-life fundraising group that has seen activity increase 50% in the past two years (the group is already running $130,000 worth of commercials against Reid). "Casey ran as a pro-life Democrat...
Wolfe was sent to a Thai Airways office where he says a number of employees discussed how much he should be charged for the bags. They argued with each other. They made phone calls. They looked generally confused, he says. More than an hour later, a verdict was rendered: Wolfe owed 66,000 Thai baht, or approximately...
...India's government insists there's room enough for both India and China to peacefully emerge as world powers, and Singh has made no complaints about the change in atmosphere in Washington. His visit, he insists, is simply an opportunity "to renew the partnership." It'll look to formalize elements of the nuclear deal penned last year, which grants India access to a range of technologies that it had previously been blocked from acquiring. Measures will also be taken to expand trade, promote educational links and boost cooperation on research into vaccines. The two sides are also expected to sound...
...Nonetheless, his no-holds-barred polemics made him popular with Bangkok's poor and lower-middle-class voters, who elected him governor in 2001 with over 1 million votes, the largest number in the city's history. "He's a lower-middle-class hero," says historian Chris Baker, author of Thailand, Economy and Politics. "He appeals to street vendors, small shopkeepers, minor officials and people working in the informal sector. They like him because he sounds off; he speaks his mind. He's a source of entertainment, but he's also a ranter and a thug...