Word: recentered
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...course, the government is hoping that the stress tests will be the beginning of the end of the bank crisis because they will raise confidence in these institutions and even give bank stocks a boost. As news of the results has trickled out in recent days, bank stocks have indeed shot higher as investor fear has subsided. But longer term a big issue remains: Investors need to know just what the government's stakes in these banks are worth since that directly affects what the investors' stake is worth. The government says the future stakes it takes in the banks...
...penalty might elicit more than a few snickers from Catholics who have spent the past few decades watching the priestly perdition parade of sexual abuse, parish embezzlement and doctrinal intolerance. The Archdiocese of Miami has had to pay out millions of dollars in sexual-abuse settlements in recent years - including a case involving a former priest at Cutié's South Beach church, St. Francis de Sales. (One of Cutié's tasks, in fact, has been to heal the wounds at that parish.) To his credit, Favalora is trying to restore public trust in his archdiocese and the church...
Nonetheless, the Cutié scandal is sure to ratchet up debate over clerical celibacy in the Catholic Church, a spiritual ideal that seems to collide more often today with biological reality. (See the recent paternity-suit travails of Paraguayan President Fernando Lugo, who has admitted to fathering a child and is alleged to have sired others while he was still a priest.) A bigger problem for the church, however, may be Cutié's Oprah-like standing in the Latino community - the only demographic where U.S. Catholicism is experiencing growth. America's Catholic bishops, many of whom are widely accused...
...that she was simply responding to questions in public settings. Others suggest she's determined not to let former Vice President Dick Cheney, who left office with a popularity rating in the sub-basement, become history's spokesman for Bush policy on Gitmo. In either case, Rice's recent comments mean she will be drawn into the widening debate about the Administration's record on interrogation. (See pictures of inside Guantanamo...
...Having steered clear of the recent furor over President Obama's release of the so-called torture memos, the former Secretary of State weighed in with two public pronouncements in quick succession. Asked about waterboarding during a dorm visit with students at Stanford University, where she is now a political science professor, she said that "by definition if it was authorized by the President," the controversial technique was legal. The sound bite, with its inadvertent (and unfortunate) Nixonian resonance, raised eyebrows on the right and hackles on the left...