Word: plan
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...Administration and Congress have felt compelled to do something about the "financial meltdown," so an inefficient and inequitable "bailout plan" has been rushed through the legislature despite harsh criticism from the right and left. That's unfortunate. Both presidential candidates were stalling by qualifying the plan. Whichever candidate had had the courage to reject outright this proposal would have had the better claim to be President...
...which is what this $700 billion purchase of mortgage-backed securities composes. Investors George Soros, Carl Icahn, and Jim Rogers, as well as about 200 university economists—including several from Harvard—are a handful of those who have vocally denounced Paulson’s bailout plan. Possibly more disturbing than the economic flaws of the program are the ethical issues. As the former CEO of Goldman Sachs, Paulson has a conflict of interest. It seems that it would be really difficult for Paulson—or anyone given control of $700 billion—to resist...
...Campus employees are threatening legal action against the ban. The American Federation of State, County and Municipal Employees Council 13, which represents 2,500 system employees, and the Association of Pennsylvania State College and University Faculties (APSCUF) plan to file an unfair labor practice suit, arguing that to prohibit smoking without negotiations first violates employee contracts. "The system, no matter how politically correct the idea of a smoking ban is, should have negotiated the policy with the union," says APSCUF president Steve Hicks, adding, "[It] was insensitive to not recognize the impact on their largest constituent group - the students." PASSHE...
...fate of the $700 billion financial bailout bill is in limbo, following today's surprising and dramatic defeat of the delicately negotiated plan in the House, by a 228-205 vote. With the Dow Jones Industrial Average plummeting (it declined by more than 700 points), President Bush and congressional leaders vowed to bring the package back for another vote as soon as possible - probably later this week - but it was far from clear what they could do to make it any more palatable...
...just goes along the lines of Coach Murphy saying ‘Be ready.’ I guess I’ll leave it at that. I don’t want to spoil the fun.” Murphy tried out his new game plan on first and 10 from the Holy Cross 13 last Friday, and things seemed to be going according to plan as O’Hagan ran for eight yards on first down. But on the very next play, the backup threw a pick on the goal line that put a temporary damper...