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...would you call AT&T and American Airlines banks?" Hensarling asked. Geithner said no, and then clarified that at least at this moment he would not call AT&T or American Airlines banks. When asked about AIG, Geithner said the government didn't legally have the option to pay less than 100 cents on the dollar to its counterparties. In the past year, many people have criticized Geithner and former secretary Henry Paulson for allowing AIG to pass along much of the money it received from the government to Goldman Sachs and other investment banks. Geithner was also asked whether...
...According to India's climate-change policy, there's no question that it is the moral obligation of developed countries to accept binding emissions cuts. Further, the argument goes, since developed countries are historically responsible for the state of the planet, they should pay up by helping developing countries with money and technology to leapfrog to green technology without following the familiar high-carbon path to growth. Only with outside funding will India be able to effectively shift to renewable sources of energy, which, being costlier, will have to be subsidized for widespread use by people like Kumar...
...Obviously, bringing these demands, which other developing countries like China and Brazil support, to the global negotiating table has been contentious. There is a stalemate over just about everything - from how to apportion blame to who should pay and how. In the run-up to Copenhagen, the Indian government and Indian NGOs have upped the ante against what they call the one-sided Western discourse that blames India and other developing countries for being obstructionist and not doing their bit. In recent weeks, there has been a steady stream of Indian-generated reports bolstering India's assertions that...
...veer towards ragged exasperation while he rebuffs his critics’ futile attempts to render him irrelevant: “But really the fact is, we not in the same bracket, / Not in the same league, don’t shoot at the same baskets, / Don’t pay the same taxes… / So how am I in the way, what is it I’m missing?” Likewise, on “Forever Young,” he reassures us, “When the director yells...
...spike, University spokesman Kevin Galvin pointed out that the number of jobs currently available at Harvard is 30 percent less than a year ago, and that Harvard hiring is cyclical and tends to be higher during the academic year. Galvin emphasized that laid off union workers will receive full pay and benefits through November, and that University case managers are continuing to aid affected employees in finding new jobs. Jason Gerdom, a HUCTW member laid off from the athletics department but who will soon assume a position in the development office, lauded his case manager, who critiqued Gerdom?...