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...difficult question. Does it matter if other large nations employ similar tactics to the U.S. in reviving their economies? Or, is a coordination of efforts not important to the pace of a global recovery. If Germany refuses to make more than a modest effort to help its banks and major industries while the U.S. is going "all in" with every dime it can spare to help housing, banks, and jobs creation, does the imbalance between the scales of the efforts make a difference...
...group of women to give a speech in front of a stone-faced audience of strangers. On the first day, all the participants said they felt threatened, and they showed spikes in cortisol and fear hormones. On subsequent days, however, those women who had reported rebounding from a major life crisis in the past no longer felt the same subjective threat over speaking in public - and did not show a jump in cortisol. They had learned that this negative event, too, would pass and they would survive. "It's a back door to the same positive state because people...
...Still, even small differences can cause major rifts in families, and the competing budgets suggest the challenges Obama's agenda faces. Both the House and Senate, after all, removed Obama's $250 billion-$750 billion placeholder request for more bank bailout funds. And they both slashed the Administration's proposed 10% increase in nondefense discretionary spending (for education, environment and health initiatives, among other things), to 7% in the Senate and 7%-9% in the House. The Senate stripped the President's signature middle-class tax cuts, known as "Making Work to Pay," of $400 for individuals...
...clear," Geithner told the committee. "The days when a major insurance company could bet the house on credit-default swaps with no one watching and no credible backing to protect the company or taxpayers must...
...complaining, Geithner is likely to get much of the authority he wants. The power he is asking for could be invoked only under explicitly prescribed circumstances, similar to those imposed by Republicans on the FDIC in the early '90s, when it takes dramatic action in case of major banking crises. Though industry officials may gripe, Geithner's fixes are little different from the rules that traditional banks already abide by (and make plenty of profits under). And even the GOP might not have as many philosphical objections as one would expect. On the same day that Geithner rolled...