Word: thursday
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President Obama's new proposals to crack down on Wall Street - first the new tax on big banks last week, then Thursday's new restrictions on big banks - signal a somewhat new approach to financial reform. But they also signal a very new approach to politics and governing: more populist, more confrontational, less deferential to Congress, less eager for common ground. His uncharacteristically blunt message to financial giants and their political defenders said it all: "If these folks want a fight, it's a fight I'm ready to have...
...Which make it a perfect subject for an apocalyptic battle among the Justices of today's Supreme Court. Nothing revs them up like a symbolic fight over an intractable issue. Thursday's pile of opinions in Citizens United v. Federal Election Commission, striking down certain limits on corporate electioneering, found them arrayed in their now familiar 5-to-4 pattern and firing their big rhetorical guns. Depending on which very, very long opinion you prefer, they either struck a blow for the First Amendment or sold American politics into bondage to soulless corporations. (See 25 people who mattered...
...Chinese economy expanded 8.7% last year, the National Bureau of Statistics announced on Thursday, an impressive figure that will offer some relief to Beijing policymakers who declared that maintaining stable growth was critical to ensuring social stability in the face of the global economic downturn. Thanks to expansive stimulus spending and a flood of cheap credit, the Chinese government was able to ensure growth, giving it clout at home and abroad as other major world economies still grapple with slow recoveries. "Those measures quickly produced results and stopped the remarkable decline in our economic growth, and China thus became...
...December, Premier Wen Jiabao promised action to help keep housing prices in check. "As the property market is recovering rapidly this year, housing prices in some cities are rising too fast, which deserves the great attention of the central government," he told Xinhua, the state-run news service. During Thursday's press conference announcing the 2009 GDP numbers, Ma too acknowledged that "the price of real estate in some cities is growing too fast...
...trip to the line temporarily secured Dartmouth’s position as top dog in the Ivy League, while Harvard turns its focus to the south as it travels to Tallahassee for a Thursday game against Florida State, ranked 12th in the nation...