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...American financial and auto industries aren't the only ones falling apart before the nation's eyes. "Imagine someone about to begin physical therapy following a stroke [and] suddenly contracting a debilitating secondary illness," researchers at the Project for Excellence in Journalism write about the news media's long-overdue embrace of the Internet in 2008, just as a global recession began wreaking havoc on the industry's biggest advertisers. "This is the sixth edition of our annual report," the authors begin. "It is also the bleakest." From magazines and newspapers to local television and radio to the ethnic...
...chance for me, I think, to talk to America directly." Speaking with Pelley from the Federal Reserve and his hometown of Dillon, South Carolina, Bernanke said that if markets can be stabilized he expects the recession to come to an end "probably this year." And the possibility of the nation sinking into a second depression? "I think we've gotten past that," he said. Bernanke remains dedicated to the task of recovery, but says that the bailing out of insurance giant AIG still "makes him the angriest and gives him the most angst" because of the poor choices the company...
They are an odd couple politically: a liberal Democratic Senator from the Pacific Northwest and a conservative Democratic Congressman from the South. But Oregon's Ron Wyden and Tennessee's Jim Cooper are convinced they have the answer to the nation's health-care crisis - if only they could get the key players on Capitol Hill to give their radical plan a hearing. "There's a real opportunity for a philosophical truce here that you didn't have in 1993," the last time Washington attempted to overhaul the health-care system, says Wyden. "Republicans, who didn't accept the idea...
...ARENA, too, has come a long way since the 1980s, when its founder, Roberto d'Aubuisson, sponsored death squads that terrorized the nation and assassinated its leading cleric, Roman Catholic Archbishop Oscar Romero, an outspoken champion of El Salvador's vast poor. But it is still widely regarded as the party of the wealthy, right-wing landed oligarchy targeted by the FMLN in the civil war, and under its tenure, the poor still feel marginalized. That's why the FMLN claimed 35 of 84 seats in January's national assembly elections and won Sunday's presidential poll...
...week ago, Obama announced that he would lift President George W. Bush’s ban on stem cell research. The announcement set the chattering classes aflame. House minority leader John Boehner accused Obama of “further dividing our nation at a time when we need greater unity.” A senior U.S. cardinal called it a “sad victory of politics over science and ethics.” Others, many of whom support stem cell research, responded with particular fervor to Obama’s claim that he was putting science before politics...