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Banks are still full of bad news. Why are the stocks showing such strength? We've seen unprecedented liquidity being put to work in the U.S. on behalf of financials, so it was only going to be a matter of time before banks started to rise. Also, many investors have been so focused on the short term - all the recent steps taken by the Federal Reserve and the Treasury - that they have forgotten that the bank assist started in August of 2007 when the Fed cut the discount rate and opened the lending window to a wider list of financial...
...four years earlier than Congress currently requires. Not only could the move potentially kick-start the sputtering U.S. auto industry, while saving the equivalent of some 1.8 billion barrels of oil, it also raises hopes that the Obama Administration will be able to forge a compromise on the tricky matter of a national cap on greenhouse-gas emissions. "It's an enormous breakthrough for national legislation," says Vickie Patton, a senior attorney for the Environmental Defense Fund. "It ends years of polarization on extraordinarily difficult issues and leaves us with a sense of progress." (See the 50 worst cars...
...That said, relationships do matter. Although good sibling relationships seem to be the most beneficial kind, it really doesn’t matter whom you’re connecting with, as long as you’re connecting with someone. This was, in fact, the most unequivocal statement made by George Vaillant, the leader of the study: “That the only thing that really matters in life are your relationships to other people...
...choice President had roiled the campus for weeks. But rather than defend his position on the issue or even explain it, Obama talked about how to talk about it. "I do not suggest that the debate surrounding abortion can or should go away," he said. "Because no matter how much we may want to fudge it - indeed, while we know that the views of most Americans on the subject are complex and even contradictory - the fact is that at some level, the views of the two camps are irreconcilable. Each side will continue to make its case to the public...
...Less than a minute after the market opened, share trading was halted for the first time ever when sharp gains in the Sensitive Index, or Sensex, triggered an automatic suspension. Trading resumed two hours later but so-called "circuit breakers" were again tripped by heavy buying in a matter of seconds, and markets were shut down for the rest of the day. The Sensex closed up 2,099 points at 14,272. India's Nifty index was also closed after gains of more than 15%. (Read about the key players to emerge from India's elections...