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...Little Dutch Boy is running out of fingers. The water that threatens to swamp the international financial system is getting closer to breaching the walls and pouring in. A month ago that seemed inconceivable. Now the odds that the government will have to allow large operations like AIG go into bankruptcy are fairly high. The trouble with that is not what will happen to AIG. As the market found out with the Lehman Brothers bankruptcy, many of the firms that are doing business with a very large financial institution when it becomes insolvent can have transactions worth billions of dollars...
...after Timothy Geithner was appointed Secretary of the Treasury, about a month ago, Camden Fine got a call requesting his presence. The head of the Independent Community Bankers of America, a Washington-based association of thousands of small banks, was asked if he could meet Geithner the following day. When Fine showed up, he and an aide were escorted to the Secretary's office, in which sat Geithner and Gene Sperling, a former top economic adviser to President Clinton. The four talked for an hour. Fine spoke most of the time. Geithner took notes and asked follow-up questions...
...underbelly of the pet-breeding industry is rather less luxurious. Last month, sheriffs in North Carolina and Tennessee raided a series of puppy mills, large-scale breeding operations where dogs are confined in crowded and unsanitary conditions. Videos showed diseased dogs pulled from small, filthy cages, their paws mutilated by the wires...
...Last month, as the 133rd annual Westminster Kennel Club Dog Show got underway in New York, sheriffs were raiding a puppy mill in Sparta, Tenn. The emaciated dogs that sheriffs hauled from cramped wire cages could not have looked more different than the pampered pooches atop pedestals in Madison Square Garden. But they hinted at a common ailment: the commodification of our nation’s dogs...
Williamson, whose exact whereabouts are unknown since he disappeared from La Reja earlier this month, has said he believes there were no gas chambers at Nazi concentration camps such as Auschwitz and that only 300,000 Jews were killed by Nazi Germany, contradicting the widely accepted figure of six million deaths. The Vatican ordered him to retract, but Williamson responded that he needs to review the evidence. Nevertheless, Williamson will be obeying the expulsion order and will leave Argentina shortly, according to Father Christian Bouchacourt, South American superior for the Society of St Pius X. "He already intended to leave...