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After the $180 billion AIG bailout initiated last summer, the $700 billion financial-system booster last fall and the $878 billion stimulus package this winter, convincing Americans that their money isn't being wasted is no easy task. Geithner has said the government may put up as much as $1 trillion in loans and guarantees to subsidize the sale of the toxic assets to private investors. Though the government could get back the money if the assets start trading again, many Americans see it going down a sinkhole. Says Democratic pollster Mark Mellman: "There's a narrative out there...
...local judges, mixed commissions were anything but individualistic. Through a series of bilateral treaties with the French, Portuguese, Spanish, Dutch, and American empires, Britain convinced states to cede sovereignty to Britain in its effort to crush the slave trade. Not only did these international tribunals charge foreigners with the task of judging domestic citizens, but they also worked in tandem with the Royal Navy as it seized illegal slavers on the high seas...
...Dillon, South Carolina, Bernanke said that if markets can be stabilized he expects the recession to come to an end "probably this year." And the possibility of the nation sinking into a second depression? "I think we've gotten past that," he said. Bernanke remains dedicated to the task of recovery, but says that the bailing out of insurance giant AIG still "makes him the angriest and gives him the most angst" because of the poor choices the company has made at the taxpayer's expense. (See pictures of the global financial crisis...
...most important message of today’s counter-protest is that the students of CRLS are loved and respected and when haters attack their school, we will have their backs,” said Sue Hyde, a leader in the National Gay and Lesbian Task Force...
...Undergraduate Council voted yesterday to create a task force examining alternative social spaces on campus, while raising the possibility that the UC might pay for property to give students recreational opportunities in the future. The new task force will be staffed by six Council representatives, including UC President Andrea R. Flores ’10, and will hold meetings open to all interested students in anticipation of presenting its findings to the Council on April 12. “We are going to employ every option that we have to secure an alternative social space,” said Flores...