Word: money
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...Media institution is indispensable: not the Times, not the evening news, not TIME magazine. People don't owe us their money; we owe it to them to be worth paying for. If we go, people will find other sources to trust; in some cases, they already have...
...controversial $182 billion bailout of troubled insurance giant AIG, U.S. Treasury Secretary Timothy Geithner--head of the New York Fed when the e-mails were sent--was called to testify Jan. 27 on Capitol Hill, along with his Treasury predecessor Henry Paulson. At issue: the use of taxpayer money to cover AIG's debts to Goldman Sachs, Morgan Stanley and other Wall Street firms. Both men defended the "backdoor bailout" and denied any involvement in the alleged attempt to hide the details of payments...
...only sure things in life, Benjamin Franklin should have said, are death, taxes and campaign-finance reform. Trying to keep money out of politics is like trying to keep a basement dry in New Orleans, which made the issue a perfect subject for the Supreme Court: nothing revs up Justices like a symbolic fight over an intractable issue. In Citizens United v. Federal Election Commission, the court struck down certain limits on corporate campaign spending--upholding the First Amendment or selling American politics into bondage, depending on your view...
Some backstory: in 2008 the conservative nonprofit Citizens United produced the anti-Clinton film Hillary: The Movie and arranged to distribute it using money from the group's corporate treasury rather than from its political-action committee--a crucial distinction under the McCain-Feingold campaign-finance reforms of 2002. In a 5-4 ruling, the court found that distinction unconstitutional. If freedom of speech protects the right of individuals to air their political views, it decided, then that right extends to incorporated groups--like businesses, labor unions, Planned Parenthood and Citizens United...
...live in. At the same time, Stevens' picture of corporate fat cats oppressing the little guy ignores the revolutions in campaign finance and communications wrought by the Internet. The Justices' hyperbole aside, chances are that the 2010 congressional midterm elections will be little changed: a blend of big-money manipulation and grass-roots passion, in which all the players share one common complaint--that the other guy has too much power...