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...Even before he appeared on the Hill, Obama was laying groundwork to avoid a TARP train wreck. In a letter sent on Monday to congressional leaders, he pledged to devote much of the second installment to assisting small businesses and helping students and car buyers get loans. In personal calls to members on both sides of the aisle he promised better transparency of how the funds are disbursed, reflecting the frustration and anger of many members regarding the Treasury Department's handling of the funds. Still, many Democrats said on Monday that Obama's letter was not enough to convince...

Author: /time Magazine | Title: Obama Urges Congress Not to Block the Bailout | 1/14/2009 | See Source »

What's more, Litt faced a setback this week when the judge refused to revoke Madoff's bail, after Litt revealed Madoff had sent more than a million dollars worth of jewelry to relatives in December. Some observers speculate prosecutors were using the threat of immediate jail time to pressure Madoff to give details on others who may have been involved in the fraud. On Wednesday afternoon, Litt returns to court again to argue that Madoff needs to be put behind bars...

Author: /time Magazine | Title: The Man Who Will Prosecute the Bernard Madoff Case | 1/14/2009 | See Source »

Last summer, a judge sent the former mayor of Detroit, Kwame Kilpatrick, to jail for violating his bail. How was that case different from Madoff's? In that case, Kilpatrick traveled to Canada. International travel is about the most threatening thing a defendant can do to raise a judge's inference that he is a risk for flight. So that really raised the radar of the judge. What's more, Kilpatrick got the order not to travel out of the Detroit area in his criminal case. In this case, the order that Madoff was accused of violating...

Author: /time Magazine | Title: Why Is Bernie Madoff Still Free? | 1/13/2009 | See Source »

...dining hall menus. “The epic response to this class kind of shows the interest,” said FLP Representative for the freshman class Maya S. Sugarman ’12. Slots for the class were taken within 10 minutes of the invitation e-mail being sent out to the Freshman class, Sugarman said. The lesson was intended to further the FLP’s goals of educating students on agriculture, nutrition, food preparation and community. Katherine W. Steele, director of freshman programming for the FDO added that it also served as a way to introduce students...

Author: By Noah S. Rayman, CRIMSON STAFF WRITER | Title: HUDS Dishes Up Veggies at Dean’s House | 1/13/2009 | See Source »

...remember that there would be no need for such a drastic measure if Hamas had not started the violence against Israel. Moreover, Israel has attempted on several occasions to relieve the worst of the suffering in Gaza. Even though its Defense Forces are engaged in active combat, Israel has sent more than 10,000 tons of humanitarian aid into Gaza...

Author: By Alix M. Olian | Title: Israel Gave Peace a Chance | 1/13/2009 | See Source »

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