Word: obamas
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...Reserve. Not only are loans harder to come by, but they're also more expensive. That has the potential to slow down economic recovery, since firms that can't borrow often can't expand. Policymakers have responded with a number of programs to boost small-business lending, including an Obama Administration proposal to repurpose $30 billion of bank-bailout money to spur more business lending at community banks...
...reason: Hale's company is in good financial shape and part of a booming industry. Even though the U.S. hasn't seen a new nuclear power plant since 1996, there are now dozens on the drawing board, and the Obama Administration has announced loan guarantees to build new plants. United Controls is also seeing a spike in business from overseas countries such as Korea, Taiwan, Spain and Brazil. In other words, coming out of the recession, Hale's firm is a commodity in short supply: a top-notch credit risk...
...Americans. Prochoice groups were outraged, accusing Stupak of moving beyond current law, and the amendment was stripped out in the Senate and replaced with softer language that Stupak and his group felt did not go far enough. Sunday's last-minute Executive Order, expected to be signed by President Obama immediately following passage of the bill, was the compromise that allowed Stupak and his group to vote for final passage of health care reform...
...pictures of Obama meeting Pope Benedict...
CELAC does reflect the U.S.'s declining hegemony in the western hemisphere. (For its part, the Obama Administration says it wants more of a "partnership" with Latin America instead of the traditional U.S. dominance.) But if history is any guide, it's doubtful that the situation will lead to anything like a Latin version of the European Union (E.U.). The Latin American landscape is littered with the acronyms of failed attempts to realize Simón Bolívar's dream of regional unity, and CELAC may well turn out to be little more than Calderón's attempt...