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When Congress wrote the Build America Bond program into February's $787 billion economic-stimulus bill, many predicted a flop. Nine months later, the municipal-bond program, which provides a federal subsidy to help states and other local governments raise funds, looks to be one of the economic recovery effort's biggest successes. Earlier this month, the volume of BABs, as they have come to be called, crossed the $50 billion mark...
Despite the temptation to spend, many spouses are still skipping the gift exchange. Matt Batt, a public relations executive from Chicago, and his wife usually spend about $200 on presents for each other. This year, they're cutting spousal gifts entirely, opting to spend that money on their 19-month-old second child and other family members. "This doesn't mean we love each other any less," says Batt. "We just want to do what's right for the Christmas spirit." Batt's a nice Santa for his son. But for companies that are counting on Dad's splurging...
...poll released earlier this month by the New England College Polling Institute in Springfield showed Khazei in fourth place with the support of just four percent of respondents...
Predictably, when Kilpatrick arrived for his first restitution hearing last month, it was a circus. He posed briefly for the spectators and gaggle of television cameras that were assembled in the courtroom. He was noticeably muted, wearing a gray coat, black pants and no earrings. Over nearly three hours, he was grilled by the lead prosecutor, Athina Siringas, and the judge, David Groner, on what should have been fairly ordinary matters, with questions like, Does your wife leave the house each morning to go to work? Shockingly, Kilpatrick said he didn't know. Groner then asked, "Who's paying...
...unwind the drastic stimulus measures that policymakers put in place to combat the global recession. There is clearly a link between Beijing's ultra-loose monetary policy and the run-up in property prices. The amount of new loans granted by Chinese banks in the first 10 months of 2009 surged an eye-popping 144%, to $1.3 trillion, from the same period in 2008. The easy money policy has led to a fantastic increase in property deals - up 82% in October (by volume of floor space) from the same month a year earlier. There is also concern percolating that home...