Word: moneyitis
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...nearly convulsive political response, given that elections are won and lost over the state of the economy and the mind-set of wage earners. That's why President Barack Obama, in his State of the Union address, called jobs his "No. 1 focus" and proposed repurposing bank-bailout money to lend more to small businesses, which would then, presumably, generate jobs. On March 17, Congress passed a job-creation bill that includes, among other things, an estimated $13 billion worth of tax incentives to coax companies into adding to their payrolls. (See 10 perfect jobs for the recession...
Despite such noble sentiments, expanding the tournament would still be a mistake. Sure, the NCAA could squeeze a few extra dollars out of the television networks by adding an extra round of games. But schools could also lose money if an expanded tournament devalues the regular season to the point that they sell fewer tickets to those games, or if television networks don't pony up as much dough to broadcast battles in January and February. "I don't think it's good for the game," says Martelli, one of the few coaches who have come out against the expansion...
...care reform will allow Democrats to reset the debate, away from internal party anxiety and dysfunction. Benenson and others in the White House have mapped out a strategy through November, one that they are betting will put Republicans on the defensive over such issues as reforming Wall Street and money in politics. "Remember, elections are about choices," Benenson says, offering the classic election-year battle cry. "There is a lot of action that is going to happen pretty quickly here that is going to create clear contrast...
...Samuel Ninchuck, whose father is American, found the law equally repellent. "I sing the anthem when we play ice hockey, but that is not mandatory," the 12-year-old student says. He confessed that he is more proud of being American than Slovak. "The politicians here take all the money for themselves and as a result we are a boring country no one knows about," he says...
...Portillo turned "the Guatemalan presidency into his personal ATM." Guatemalan media, quoting Guatemalan government sources, have reported that Portillo's alleged take was approximately $70 million. Aside from the Taiwanese funds, he's also accused of embezzling about $4 million from Guatemala's Defense Ministry. He allegedly laundered the money through accounts in Guatemala and through U.S. and European banks. It was a financial shell game that involved overdrafts so massive, say authorities, that two Guatemalan banks are now insolvent and the country's only state-run mortgage bank is teetering on collapse. (See a profile of U.S. prosecutor Preet...