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...billion in losses it has yet to acknowledge in its investment portfolio. The firm also has $48 billion in nonperforming loans that it either holds or has guaranteed against. In a painful stroke of irony, there is a $15.4 billion line item for deferred taxes on the asset side of Freddie's balance sheet. That means Freddie is still hoping to claim $15 billion in write-offs against future profits. But since Freddie continues to lose money and is now part of the government, the likelihood that it will have to pay taxes anytime soon is probably...
...with a limited pool of minority candidates from which to choose House Masters.Robinson and Sullivan emphasized the “honor” of the selection.“We are humbled and happy that we have been selected at a time that seemingly breaks a barrier on the side of race,” Robinson said. Stating that race is still a pervasive “issue” in the country and in higher education, Robinson added, “I don’t think Harvard would be left behind—it?...
...Even Ken Starr, the Pepperdine law dean and former Whitewater independent counsel who argued in favor of Prop 8, agreed that the idea would solve the legal issues, though he said it was a solution that lies outside the legal authority of the court. An attorney for the other side, Michael Maroko, didn't expressly endorse the idea, but he told Chin, "If you're in the marriage business, do it equally. And if you're not going to do it equally, get out of the business...
...Maybe so, but the question that Wyden and Cooper's plan raises is whether either side is really willing to completely scrap the current system, under which most people get coverage from their employers. That arrangement is more a historical accident than an efficient design, a legacy of World War II-era wage and price controls, when companies began offering health insurance as a way of attracting skilled workers. Over the years, however, much has changed. Few workers spend their entire careers working for one company anymore, and businesses are staggering under the burden of health-care costs, which have...
...precisely the problem. Announcing the award, Molina described Rivera's technique as "now more aesthetic, relaxed and profound." But "aesthetic" is not exactly how many in the bullfighting world see Rivera's efforts. "I think we're all in agreement that he doesn't represent the artistic side of the toreo," says Israel Vicente, director of Tauropress, a public-relations company that specializes in bullfighting. "He's been given the prize because he's a name that people recognize, not because he's an artist...