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...Under the government's aid program for Citi the government will share losses on over $300 billion in assets, with a term on the guarantees up to ten yeas. Citi will immediately separate its banking unit from its brokerage and money management units. There is simply too much risk in the investment operations to keep them married to a commercial bank...

Author: /time Magazine | Title: Citigroup: Rebuilt Against Its Will | 1/16/2009 | See Source »

...important to know what politicians are doing to stem that flow. So far, the answer is nothing. They would rather strain the state’s resources to maintain a popular and highly politicized policy that is actually hurting our state. Double bunking is exactly the sort of short term solution that will sustain the problem of mass incarceration. As long as we keep building more prisons, hiring more correctional officers, and cramming more inmates in cells built for one, we condone a flawed and unjust legal system. Politicians seem to think it is working, when all the evidence, from...

Author: By Rachel M Singh | Title: Mass Incarcerations Causing Massive Problems | 1/16/2009 | See Source »

...Wildlife mitigation is the official term for avoiding accidents like these, and according to the government's latest report on the topic, it's becoming an increasing concern. The report, which was released in June by the Federal Aviation Administration and the U.S. Department of Agriculture, Animal and Plant Health Inspection Service, Wildlife Services Program, found that since 1990, the number of bird strikes has quadrupled, from 1,759 in 1990 to a record 7,666 in 2007. Officials cite a number of possible causes for the increase...

Author: /time Magazine | Title: The US Airways Crash: A Growing Bird Hazard | 1/16/2009 | See Source »

...billion in interest last year, rivaling what we spent on Medicare, and partly because our liabilities could crush us if foreign investors sour on Treasury bonds. That's why Obama's advisers want to focus on temporary initiatives that won't drown us in red ink by creating long-term obligations, which they call tails. It would be nice to give cash-strapped transit agencies enough money to reduce fares for a year, but what happens when the year is over? Similarly, some liberals have proposed temporary increases in Social Security benefits, but that kind of generosity tends to become...

Author: /time Magazine | Title: How to Spend a Trillion Dollars | 1/15/2009 | See Source »

...face it: fiscal stimulus is a frustratingly inexact science. Nobody knows precisely what it will do in the short term, and in the long term, it isn't that different from any other government spending, except that the point of the spending can be the spending itself. As always, there will be winners and losers; it's impossible to stimulate everyone equally. In two years, if the recession is over, skeptics will claim it would have ended regardless of the stimulus. If it lingers, proponents will credit the stimulus for preventing a drearier outcome. As with the first round...

Author: /time Magazine | Title: How to Spend a Trillion Dollars | 1/15/2009 | See Source »

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