Word: nationalism
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...Obama found himself in that uncomfortable position because of the unpopularity of the $700 billion Wall Street bailout that Congress passed last fall to help stabilize the nation's ailing banks. Half of that money has already been used up by the Bush Administration, and with little indication that such usage has helped ease the flow of lending to consumers and businesses, members of Congress are loath to hand over the rest of the money without guarantees of greater oversight and transparency. And so Senate Democratic leaders are struggling to prevent their members from passing a Resolution of Disapproval...
...form of the next bailout is not the critical issue. Banks will get the money they need to keep the global credit system from collapse. What is at stake is how the government will handle owning a majority stake in what used to be the pillars of the nation's financial system...
...Comparing then and now: In 2004, following the NEA's publication of Reading at Risk, a report on its 2002 survey that identified a downward trend in American literacy, critics attacked the agency for publicizing "alarming national survey results." Evidently the NEA views its latest report as a validation of its efforts. "Our belief, then and now, was that the first step towards solving a problem was to identify and understand it," the agency's chairman, Dana Gioia, says in the report's preface. One of the most significant areas of progress involves the reading habits of young adults (ages...
...With just a few days to go until the nation's largest banks report earnings, forecasts for how they will do diverge wildly. Of the analysts covering Citigroup (C) the most optimistic believe that firm will lose $.47 a share. The most pessimistic number is a loss of $1.57. For a company covered by as many researchers as Citi is, that spread is extraordinary...
...Obama’s record-breaking fundraising Web site. As chairman of the FCC, Genachowski will take the reins of an organization that has become increasingly relevant with the rise of the Internet and information technology such as wireless communications. His first task will likely be to oversee the nation-wide transition to digital television that Congress has set for Feb. 17. Obama has already asked for a delay to allow Americans more time to obtain coupons for converter boxes for their analog TV sets. During the campaign, Genachowski backed Obama’s support for net neutrality, advocating against...