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"One value of doing this is it would clarify which banks are and which banks aren't undercapitalized," says Harvard Law professor Lucian Bebchuk, whose September proposal for toxic-asset purchases by competing investors seems to have provided a template for Treasury's plan. "It's reasonable to expect that...
Cash is now calling for Memphis to create a residential school for 300 to 400 kids whose parents are in financial distress, with a live-in faculty rivaling those of élite New England prep schools. His proposal is at the forefront of a broader national trend: from New Jersey...
In his plan for Memphis, Cash wants even more time. Perhaps the most provocative aspect of his proposal is to focus on students in grades 3 through 5. Homelessness is growing sharply among kids at that critical age, when much of their educational foundation is set, Cash says. His aim...
As is often the case with Obama, his macro message was buffeted by hard-nosed political tactics just beneath the surface. He made the rather remarkable claim, for instance, that his budget proposal was "inseparable from this recovery," apparently tying his own long-range policy goals on education, energy and...
On March 20 the EPA sent what is called an "endangerment finding" to the White House, a proposal that means the agency found that there is a scientific case that man-made global warming poses a threat to human welfare. (Reporters found out about the EPA decision the following Monday...