Word: nationalizes
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...told, the three plans address about $420 billion in toxic loans and assets that the government hopes to get off the balance sheets of banks. Will that be enough to nurse our nation's biggest banks and financial markets back to health? It's not clear. The plan leaves out tens of billions of dollars in bonds that were never AAA-rated and were hard to sell even in good times. The plan triggered a strongly positive stock-market reaction on Monday, when the Dow Jones industrials soared nearly 500 points. On Tuesday the market slipped 1.5%, as doubts about...
...Barney Frank struck a strident tone when he proposed that the government enforce its right as owners of the company. In a briefing, Frank contended that the government should exercise this right as the majority shareholder and deny payment for breach of contract. In an appearance on Face the Nation, Frank proposed that in order to exercise these rights, "what we ought to be doing is suing as a shareholder, saying, 'look these are people who were paid bonuses that they weren't entitled...
...spending is linked to chronic health problems, many of which are preventable. If we can help Americans live healthier, we can reduce disease and decrease health-care spending. The American Medical Association is committed to reform that covers everyone with a choice of portable insurance, increases the value our nation receives from its health-care spending and enhances prevention and wellness. We need a better system for America's patients and the physicians who care for them. Nancy H. Nielsen, M.D., President, American Medical Association, WASHINGTON...
...That means re-examining some of France's founding principles. President Nicolas Sarkozy, for one, has broken ancient taboos by suggesting France study American-style equal opportunity, quotas and the use of ethnic data within official statistics to get a more accurate picture of the nation's face. "There are two Frances," Arab-French businessman Yazid Sabeg told the daily Libération. "One wants to look things in the face - meaning the way demographics in this country have changed. The other is conservative France, which is prone to immobility in the name of largely artificial equality." (See pictures...
...Tapped by Sarkozy in November to suggest ways of mending the nation's race relations, Sabeg has proposed compiling and analyzing racial statistics as one of several ways of making the nation's anti-discrimination initiatives and laws stronger and more easily applied...