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Treasury officials emphasize that the program will not save every troubled homeowner. They say it targets 3 million to 4 million of the 12 million who are expected to wind up in foreclosure in the next three years...
...conclusion that it is fiscally responsible. In advancing their allegation that Democrats will add to the deficit, Republicans insist that the bill will cost Americans far more than the CBO report suggests. This claim is largely unfounded; in fact, the CBO regularly errs toward conservative estimates about cost savings because it fails to account for savings from intangible factors, such as better technology and systemic improvement. Considering these additional components, Harvard economist David Cutler estimates that the law may save hundreds of billions of dollars more than the CBO predicted over the next decade. Contrary to Republican claims...
...perpetual bogeyman China or former perpetual bogeyman Russia. Rather, the haste is being driven by Pentagon concerns over looming shortages of F-16 and F-18 jet fighters. And what's causing those shortages? Gates made it clear that the current planes must be retired in order to save money so the military can pay for the F-35. "The Air Force, in order to be able to afford the modernization, is going to have to retire some older aircraft," he said. "That's just a fact of life." Others in the Pentagon call it a self-licking ice cream...
...measures to consumers while exempting French companies, by far the biggest carbon emitters. Sarkozy pledged to widen the measure to include businesses. But that only mobilized France's employers' lobby. With the voters finally having had their say, Sarkozy has decided to shelve the measure he once said would "save the human race." (See pictures of Paris expanding...
...Cruise answered his critics in a 2007 interview with People magazine, asking Germans to "save your comments until you see the movie." "I want to think positive and concentrate on the film," he added. "I carry a great responsibility to the Germans, for whom a man like Stauffenberg means so much." (Read "Why Germany Hates Tom Cruise...