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...Citi will have access to loans from the Federal Reserve in addition to the loss sharing program. This federal support is based on extremely complex rules, but the net of it is that the bank will have access to the cash it needs to keep from failing...

Author: /time Magazine | Title: Citigroup: Rebuilt Against Its Will | 1/16/2009 | See Source »

...state level and from 25% to 56% at the federal level and these numbers continue to grow. In addition, the courts have become increasing punitive. Arrest rates increased, and defendants are convicted at higher rates for longer sentences. Mass incarceration expanded the net of criminality to include drug offenses and public order offending, such as loitering and drinking in public. It catches more people and punishes more of them more harshly, by adding drug charges, mandatory minimums, and three strikes penalties to their sentences...

Author: By Rachel M Singh | Title: Mass Incarcerations Causing Massive Problems | 1/16/2009 | See Source »

...slashing services and downsizing public employees. Just about every economist wants this aid approved yesterday because just as public dollars can have a big multiplier effect, public cuts that are imminent in New York, California and Florida can have a negative multiplier effect. "You can't let the safety net unravel just when people need it most," says Len Burman, director of the nonpartisan Tax Policy Center. "A lot of states have been terribly irresponsible, but this probably isn't the best time to teach them a lesson...

Author: /time Magazine | Title: How to Spend a Trillion Dollars | 1/15/2009 | See Source »

Gawande disagrees with Pronovost's critique. "There's a synergy between the items on the checklist," he says. "Any one thing at any given time might not add up to much, but the net effect of all of it put together - especially making for more effective teamwork - matters...

Author: /time Magazine | Title: Study: A Simple Surgery Checklist Saves Lives | 1/14/2009 | See Source »

...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 allowing Web sites to pay a premium for faster delivery of content. The campaign’s technology platform focused on more widespread and affordable Internet access. Genachowski was chief council to FCC Chairman Reed Hundt during the Clinton administration. He has since worked as a senior...

Author: By Noah S. Rayman, CRIMSON STAFF WRITER | Title: Obama’s HLS Pal Picked For FCC | 1/13/2009 | See Source »

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