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What is certain is that no matter the long-term viability of the corporate credit union model as it currently exists, the NCUA is banking on retail credit unions having a short-term interest in preserving the system through such a trying time. The way the liquidity injection is structured, it is up to the retail credit unions to funnel money into the corporates. In explaining the program, NCUA chairman Michael Fryzel has been quick to point out that retail credit unions have a "vested interest" in their corporate brethren. Let's hope they do, to the tune of billions...

Author: /time Magazine | Title: Are Credit Unions in Trouble? | 12/10/2008 | See Source »

...Square will soon be host to another. A Subway Restaurant will open in The Garage “somewhere in mid-January” if all goes according to schedule, said Sanjay Kansagra, the future owner of the store. “The plans are done, now it is matter of just building it,” said John P. DiGiovanni, president of Trinity Property Management, the firm that owns The Garage. According to DiGiovanni, the construction process generally takes a month or two to complete. “I always wanted to be in Harvard Square...

Author: By Elyssa A. L. Spitzer, CONTRIBUTING WRITER | Title: Subway To Debut in The Garage | 12/9/2008 | See Source »

There are few posts more powerful than chairman of the House Ways and Means Committee, which not only writes tax law but also oversees trade policy and is responsible for the nearly half of the federal budget that goes toward Social Security, Medicare and means-tested entitlements. Complicating the matter for House Democratic leaders is the lack of an obvious successor for Rangel at this time of economic turmoil. The next in line for the post by seniority is California Congressman Pete Stark, one of the most liberal and hotheaded members of Congress. He has been known to challenge other...

Author: /time Magazine | Title: Rangel's Troubles Create a Problem for the Democrats | 12/9/2008 | See Source »

...editor denying that he had done anything improper with regard to the loophole that rewarded Nabors Industries and its CEO, Eugene Isenberg, who had given the $1 million donation to CCNY. He also contended that New York Times reporter David Kocieniewski had ignored the facts of the matter "to promote his agenda - is irresponsible and should not be tolerated by any paper, especially The New York Times." On its website, the Times ran a rebuttal by Kocieniewski that was twice as long as Rangel's letter...

Author: /time Magazine | Title: Rangel's Troubles Create a Problem for the Democrats | 12/9/2008 | See Source »

...treating physicians do not really develop true psychotherapist-patient relationships - they do not use their real names; most do their counseling with guards present; and there is no significant possibility they will join the US population after their release. I submit MCRE 513 is not appropriate as a policy matter for the detainees...

Author: /time Magazine | Title: Possible Rule Changes for Gitmo | 12/9/2008 | See Source »

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