Word: month
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...have followed the 10-month crisis even minimally, you will know the fears that CIT's failure are fanning again. Analysts say insurers and other large investors could be hit with hundreds of millions of dollars in losses. Small businesses say they could be cut off from credit. That could cause more layoffs and further delay an economic recovery. Massachusetts Representative Barney Frank, a Democrat who heads the House Committee on Financial Services, said he has heard from a lot of people who say it will be a big problem for the economy, small businesses in particular, if CIT fails...
...against us." The next hurdle is to get a bill through the House and Senate by the time Congress adjourns for its August break. White House officials concede that missing that deadline could throw the entire exercise off track, because it would give opponents a month to undermine it. Says one: "If we don't get it done before the August recess, it will be subject to a lot of attack" when lawmakers are home among their constituents. (See how to prevent illness...
...idea that the Supreme Court can make policy shouldn't be controversial after its decisions in two of the most contentious cases of the term that ended last month, one involving voting rights and the other affirmative action. In the voting-rights case, Chief Justice John Roberts produced the most impressive example of judicial statesmanship of his tenure by persuading all but one of his fellow Justices to converge around a result that never occurred to Congress when it passed the Voting Rights Act in 1965. A prudent demonstration of judicial policymaking, the decision was widely praised by liberals...
...forced exile on June 28 by the Honduran military, has given Chávez and the Obama Administration some rare common ground. The world has denounced the coup as an affront to democratic norms and demanded that Zelaya be returned to office. The U.S. and Venezuela, which only last month returned their ambassadors to each other's capitals after pulling them out last year, agree that booting the democratically elected President out of his country at gunpoint in his pajamas was, as Chávez said, a "troglodyte" way of getting rid of the leader, even if Zelaya had flouted...
...small part because the network has been on the receiving end of what it complains are the autocratic tactics of Chávez, who critics say has undermined Venezuela's democratic institutions even though he's been democratically elected three times since taking power a decade ago. This month his government is set to revoke the licenses of a massive swath of private radio and TV stations and is promoting a bill to criminalize material deemed "offensive" or "destabilizing" - code, say opponents, for anything critical of Chávez and his "21st century socialism." (Chavistas insist the licenses are being...