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...dead Civil War veterans, and Louisiana and Illinois offered residential programs for gifted students in the 1980s. But publicly financing boarding schools for inner-city kids is a very different proposition. It was revolutionary in the late 1990s, when two consultants quit their jobs and began raising money to open the SEED School, a charter school in gritty Southeast Washington...
...House bill includes a controversial provision for so-called reconciliation - which would leave the door open to piggyback massive programs on the budget like universal health care in case they fail to make it through the regular legislative process. House Democrats and the Administration support such a move specifically for health care - though, theoretically, the provision would allow for anything, including energy, to be pushed through the Senate with just a simple majority rather than a filibuster-proof 60 votes. Several moderate Democratic Senators, including Ben Nelson of Nebraska, have said that inclusion of reconciliation instructions in the final bill...
...luncheon was dominated by talk of his budget. "These initiatives - education, better health care - are not free," said Senator Mary Landrieu, a Louisiana Democrat, who asked Obama about a provision she strongly opposes that would raise taxes on independent oil and gas producers. "But he was very open to consider some of those changes, which is what I wanted to accomplish...
...have made less of it thus far, the other change that Geithner is seeking is even farther-reaching and arguably more controversial on Wall Street. As banks must do now, big hedge funds, private equity firms, insurance companies and others who play in the financial markets would have to open their books (on a confidential basis) regularly to government overseers. Hand in hand with that requirement would be much tougher limits on how much risk any financial firm could take, so that the days of making huge bets on the markets with relatively little in capital to back them...
...nation was watching as Chen, nicknamed the "Son of Taiwan," walked into the courtroom a much thinner man after more than two months in detention. Chen was known during his eight years in office for irritating China with his open support for a greater Taiwanese independence from the mainland. Taiwan's current President Ma Ying-jeou has moved quickly to forge closer economic ties with China since his election last year. Taiwan and China have since opened up tourism, palace museum exchanges, direct charter flights and are planning to discuss further economic agreements this year. (Read TIME's conversation with...