Word: natione
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...There are now, by most accounts, some $2 trillion taxpayer dollars at stake in the salvage programs in place or being considered, to save the national economy. The results of the failure of those plans are unimaginable. Almost no one living in America now was an adult during the early 1930s. It is impossible to imagine how 13% or 14% unemployment would affect the modern economy, just as there is no way to suss out what a 50% drop in housing prices from the 2006 peaks would do. Some economists believe that these problems will drive the nation into...
...bonuses for top executives at Citi are particularly surprising because the company is typically seen as the most in danger of failing among the nation's largest banks. Citi has received more government assistance than any other bank: $45 billion in cash infusions and over $300 billion in loan guarantees since late October. By comparison, none of Bank of America's top five executives will receive a cash bonus...
...none of that has calmed this week's circus in the nation's capital. And so on Thursday, after little debate, the House overwhelmingly passed a measure to tax at a rate of 90% not just the AIG bonuses in dispute, but the lion's share of bonuses paid since the start of the year to all employees making more than $250,000 a year at firms receiving more than $5 billion from the government's banking rescue program known as TARP. The Senate next week is expected to take up its own clawback bill, which would...
...Nationalism can be a powerful force in China. Fueled by a century and a half of foreign occupation and an education system that emphasizes that era of national weakness, patriotic sentiment can flash at times when citizens feel that the nation's interests or dignity have been violated, as when the protests during the Olympic torch's global run spurred Chinese anger...
...honored by the issuance of stamps. He played a key role in seeing that Charles Hamilton Houston was among the civil rights pioneers honored. He worked doggedly on this for years, and the fruit of his labors could not have come at a more fitting time for this nation generally and its African American community particularly...