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Dates: during 2000-2009
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...only green shoots that many non-Wall Street types have seen lately are the weeds sprouting in the parking lots of abandoned malls. Unemployment is marching toward 10%, and house foreclosures are still rising. If you're a day late with your credit-card payment or overdrawn by a few bucks on your ATM card, the bank (which your tax money helped bail out) is still sticking you with obscene fees and charges. Hence the question that so many of us are asking: Where's my bailout? (See 25 people to blame for the financial crisis...
Welcome to Round 2 of Main Street vs. Wall Street. The divide is the worst I've seen in my 40 years of writing about finance. In a new TIME poll, 75% of the respondents say they believe Wall Street will revert to business as usual, 67% want the government to force pay cuts, and 59% want more government regulation. (See a PDF of TIME's exclusive poll data...
...problem of letting the small fry fail while saving the wounded whales. Perhaps, as many have urged lately, we can start by reviving elements of the Glass-Steagall Act that kept old-fashioned banks out of the far riskier investment business. And out of big trouble. As we've seen, most of the giant rescued institutions didn't understand their problems until it was too late, so how do you expect a regulator to see trouble coming...
...memorandum written by HMS administrators released last Friday said that all six victims were seen at Beth Israel Deaconess Medical Center, which contradicts what Iannacone told both The Crimson and the Associated Press. When asked about this apparent discrepancy, he said that he did not remember which hospital he attended and that it might have been Beth Israel...
...regardless of whether you like their food or their policies, McDonald's is still widely seen as one of the true vanguards of peaceful globalization. After 14 years of discussions with the Kremlin, the Soviet Union's first McDonald's opened in Moscow in 1990 - a move credited with helping thaw Cold War tensions. Columnist and author Thomas Friedman has asserted that nations with McDonald's locations do not go to war with each other - the so-called Golden Arches Theory of Conflict Prevention - although that thesis notably collapsed in the case of the 2008 war between Russia and Georgia...