Word: toughs
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...tough to figure the exact moment when the button stopped tickling America's fancy. It wasn't during the Cold War: the giant red button was all that kept us from nuclear Armageddon. And in the age of the personal computer, the button was king. Mice, monitors, keyboards - buttons became a part of the fabric of our new, digital life...
...While AIG's holdings are diverse, nearly all its losses centered on AIG FP, which until March 2008 was led by its high-rolling president, Joseph Cassano, a tough-talking Brooklyn, N.Y., native who in the past eight years banked $280 million in cash compensation, or exactly $115 million more than the bonuses at the center of the current controversy. Cassano, who helped found the AIG FP unit in 1987, built his money machine not on anything fraudulent but on what's been described as regulatory arbitrage. As Bernanke explained recently, "AIG exploited a huge gap in the regulatory system...
...contractually obligated bonuses agreed on before Feb. 11, 2009." That exception gives cover to the AIG bonuses - though it should be noted, as Dodd's aides do, that the Senator did not know about the AIG bonuses at the time the bill was being drafted. (Dodd is facing a tough re-election battle next year in Connecticut. He was the largest recipient, at $103,100, of AIG political contributions in 2008, according to opensecrets.org. The second largest recipient was President Barack Obama. John McCain and Hillary Clinton also received substantial amounts...
...Rangel, Congress's top tax writer, told reporters that taxing the bonuses "is a venting type of thing. I would hope and assume we have alternatives to the tax codes ... When you get angry, you don't think as clearly as when you calm down." He added, "It is tough to me to think of the tax code as a political weapon." Rangel would be a huge obstacle to any such bill, no matter who originates it. Others say this type of legislation would raise the ugly face of nationalization and the specter of politicians micromanaging the financial system because...
Ironically, it was U.S. technology firms that created much of the technology supporting the Great Firewall, and companies such as Google, Yahoo and Microsoft have taken tough criticism from human rights advocates for tolerating the country's censorship. "I simply don't understand how your corporate leadership sleeps at night," the late Rep. Tom Lantos, a Holocaust survivor, told tech representatives at a 2006 House hearing. Yahoo has taken the most heat, after it acknowledged giving the government information that led to the imprisonment of at least one Chinese journalist. (The company says it was required to comply with Chinese...