Word: reformations
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...hard to tell whether the Fed is in any actual danger from its congressional critics. The Administration's proposals for regulatory reform would, on balance, give more power to the Fed than it has now. And House Financial Services Committee chairman Barney Frank remains a staunch Fed defender. "When you have a terrible mess, it is unlikely that those who attempt to alleviate the danger will come out looking clean," he said in Bernanke's defense this morning. Then again, Frank said, the congressional griping will likely continue until the economy begins to show marked signs of improvement - because...
...over my time in our nation’s capital. Thus far, D.C. has seen the worst Metro disaster in its history, the King of Pop has died (obligatory M.J. reference, check), and Congress has been having oh so much fun attempting to tackle climate change and health care reform...
...TARP has evolved into a program of unprecedented scope, scale and complexity." - In prepared remarks at a hearing before the House Committee on Oversight and Government Reform. He estimated that U.S. taxpayers may eventually have to pay as much as $23.7 trillion for TARP. (Bloomberg.com, July...
Before he was governor of Vermont, chairman of the Democratic National Committee or a presidential candidate, Howard Dean was a family doctor. But don't expect him to weigh in on the health-reform debate in a soothing bedside manner. He's packing plenty of vitriol for both critics of President Obama's health-care proposals and the special interests jockeying for seats at the negotiating table. The former governor talked to TIME about his new book, Howard Dean's Prescription for Real Healthcare Reform, political wrangling over bills circulating in Congress and why bipartisanship is for suckers...
...outcry over the Rosenberg case has opened doors to reform. Guatemala's congress was compelled to pass a law, long resisted by powerful political and business interests, that allows public scrutiny of judicial appointments. This month lawmakers say they're set to convene at least one special session to act on measures such as concealed-weapons laws and the creation of organized-crime and anticorruption courts. Activists like Alfonso Abril, 24, of the civic group ProReforma, want to revise Guatemala's sclerotic constitution to modernize lawmaking and codify individual rights. "I'm from the upper class," says Abril...