Word: passing
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...outrage will pass, and when it does, we're going to have to focus on whether keeping AIG afloat is preventing a sharp recession from becoming a prolonged one. The reason AIG has cost taxpayers $170 billion - and the reason the Obama Administration seemed willing, at least at first, to hold its nose and accede to bonuses for the company's managers - is that it's too big to fail. It's an often heard phrase, but what does it really mean? (See the top 10 financial collapses...
...Bailed Out Keeping the financial system fluid might explain why so many banks got paid in full, which strikes some as a scandal way bigger than the bonus payouts. Many experts wondered why AIG paid 100 cents on the dollar. Among the biggest beneficiaries of the AIG pass-through, at $12.9 billion, was Goldman Sachs, the investment-banking house that has been the single largest supplier of financial talent to the government. Critics have been quick to note - and not favorably - the almost uncanny influence of former Goldman executives. Initial phases of the rescue were orchestrated by ex-Goldman chairman...
...give her team a 3-1 lead through eight minutes of action. A couple of minutes later the hosts pulled back within one, but the Crimson strung together four straight points to solidify the advantage. Petropulous got the party started, sinking her eighth goal of the season on a pass from Martin, who then exploded for two scores of her own. Freshman Chelsey Bowman punctuated the run with her second collegiate goal, putting Harvard ahead, 7-2.The Huskies twice cut the deficit to four, but Martin’s third and fourth goals made it 9-4 with six minutes...
...Still, after 233 years of constitutional development, a supermajority is only required in five cases: to override a presidential veto, to amend the constitution, to pass treaties with foreign nations, to convict impeached public officials, and to expel members of the House or Senate. Nowhere does the Constitution say you need 60 votes just to debate contentious legislation...
...many members on Capitol Hill. The EPA "said they have the ability to do this under the law. The law doesn't come from the Supreme Court; the law comes from Congress," Nelson said. "If they want to go, 'Giddyap,' we're in the position to go, 'Whoa,' and pass legislation if necessary. If the administrator wants to ignore the intent of Congress, the administrator takes a sizable risk...