Word: reliefers
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...years - from selling us trick mortgages and flimsy securities based on those mortgages to paying themselves astronomically while enjoying perks like private jets - the Obama Administration has proposed a $500,000 pay limit for the top honchos of any company that accepts money from the government's Troubled Asset Relief Program (TARP). Said President Barack Obama: "We all need to take responsibility. And this includes executives at major financial firms who turned to the American people, hat in hand, when they were in trouble, even as they paid themselves their customary lavish bonuses." (See the worst business deals...
...fact, this crisis is an ideal opportunity for Obama to start keeping his campaign promises: providing tax relief and health security for ordinary Americans, restoring our economic competitiveness and reducing our dependence on environmentally disastrous fossil fuels that increase the power of our enemies. It's hard to imagine when he'll have a better opportunity. Nothing in the historical record suggests that when Congress has more time to deliberate - and more time to confer with the special-interest lobbyists and local-interest political advisers who dominate the decision-making of its members - it will enact fair tax policies, sustainable...
...what is to be done? If you are not already clear about what you think, it is crucial to try to find out for yourself. If the situation is as bad as I have painted, you might consider some small step, perhaps just a contribution to humanitarian relief for Gaza, or e-mailing the White House, or something more, like advocating for Harvard to divest...
...state officials, the weekend involved a rapid reassessment of just how dire the situation had become. Speaking out the day after some local municipalities decried a lack of federal or state emergency relief, Gov. Steve Beshear described the fallout from last week's ice storm as the state's largest-ever natural disaster. He then activated every last member of Kentucky's National Guard, dispatching all 4,600 Guardsman to assist with the statewide crisis. On Sunday, they were going door to door in some areas, to reach stranded citizens. But by Monday, there were still a quarter-million people...
...communication. "This is a situation that's awesome in scope. Ninety of 120 counties are declared emergencies, and it's becoming an issue of communication. Communication towers and lines have gone down, whole communication systems have been devastated," which made it difficult to assess conditions and target relief efforts. He also acknowledged that given the breadth of the emergency, some municipalities had been slow in receiving aid. "There's a level of frustration at the local level, and that's completely understandable, but we're currently assessing how best to assess what capacity we need, and how best to move...