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...Well, last Friday Paulson embraced sprinkling banks with billions of dollars, announcing at a press conference that he intended to pursue this plan "to promote financial market stability." Which leads to an obvious question: Are banks failing...

Author: /time Magazine | Title: US Bank Failures ... And Counting | 10/13/2008 | See Source »

...British Treasury said Monday that it plans to spend as much as $63 billion bolstering the capital bases of three of the country's largest banks, partially nationalizing once mighty lenders in the process. "Today's plan is unprecedented," British Prime Minister Gordon Brown said at a Downing Street press conference, "but essential...

Author: /time Magazine | Title: Britain Sets Details of Huge Bank-Bailout Plan | 10/13/2008 | See Source »

...curiously strong record for ethnic vituperation. In 1980, writing to The Crimson to protest a film screening, he played on anti-German stereotypes extensively, though no one involved was German. Counter used the same venue to vent his spleen on the Jews in 1992, in response to bad press about the Harvard Foundation from The Crimson. In the letter he blames “Crimson writers active in Hillel” for fomenting these complaints. He apologized for the latter remarks...

Author: By Roger G. Waite | Title: Black Mischief | 10/13/2008 | See Source »

Vowell decided to write about the Puritans as the idea of American exceptionalism became more prevalent in the press. Her interest was sparked particularly by former Supreme Court Justice Sandra Day O’Connor’s reading of the Puritan sermon that referred to America as “a city upon the hill...

Author: By Marc F. Aidinoff, CONTRIBUTING WRITER | Title: NPR Contributor Sarah Vowell Reads from Her New Book About Puritan History | 10/13/2008 | See Source »

Last week, Sheriff Tom Dart of Cook County, Illinois issued a press release that quickly became news across the country; he was suspending all foreclosure evictions in the area because banks weren't notifiying tenants about their landlord's problems. "These mortgage companies only see pieces of paper, not people, and don't care who's in the building," Dart said in the release. "We're just not going to evict innocent tenants. It stops today." The Illinois Bankers Association quickly fired back with its own public statement, calling Dart's move "vigilantism." But supporters have been just as vocal...

Author: /time Magazine | Title: The Sheriff Who Wouldn't Evict | 10/13/2008 | See Source »

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