Word: nationalizes
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...latest move to prop up the nation's flailing financial system, the U.S. government unveiled plans on Monday to rescue one of the world's biggest banks, plowing $20 billion of new capital into Citigroup and shouldering up to tens of billions of dollars in losses tied to the bank's soured assets. After a brutal week for Citi - marked by pink slips for tens of thousands of workers and a 60% drop in its stock price - news that the government would step in propelled its shares, which rose 58% from Friday's close. "Equity investors were panicked about...
...dropping since the early 1990s - the most recent data suggest that death rates have decreased for 10 of the 15 most common causes of cancer death in the U.S. - in large part as a result of earlier screening and better treatments. But this year's Annual Report to the Nation on the Status of Cancer marks the first concurrent decline in incidence, or the rate of new cancer diagnoses. For both American men and women, the incidence of all cancers combined decreased 0.8% per year from 1999 through 2005. That overall decline was largely driven by men, however: cancer incidence...
...that-be in the United States. The only problem is that that reverence is ultimately undermined by general inconsistency in response to other clear cases of genocide, all of which have wreaked unfathomable havoc upon communities not unlike our own. If American politicians are to continue to present this nation as the global defender of liberty and human rights, it must begin to do so in every case...
...Stone, a managing director at D.E. Shaw, said in a statement that while the firm was sorry to lose Summers, “we’re confident that the nation will benefit greatly from his economic leadership during a time when his formidable problem-solving skills are especially needed...
...roster of corporations and financial institutions in line for government bailouts seems to grow, some public-policy advocates in Washington are calling on policymakers to focus more efforts on the nation's poorest. The ranks of the destitute are growing quietly but alarmingly as much of the world focuses on troubles surrounding Wall Street. "Recent data show poverty is already rising quite substantially," says Robert Greenstein, executive director of the Center on Budget and Policy Priorities. "There is a strong potential for more hardship and destitution than we have seen in this country in a number of decades...