Word: tradings
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...Many of those investments have lost money. The preferred shares the government purchased don't trade, but many of the Treasury-assisted banks already have existing preferred shares that do. And preferred-share experts say the stock that was issued to the government would likely carry similar prices to the company's existing offerings. What's more, the government has the right to trade its shares whenever it wants. If it were to do that now, it would surely be out taxpayer money...
...values are starting to take a toll: on Dec. 9 another large credit union, Members United Corporate, said it would be laying off employees to reduce expenses and conserve cash. "I've been watching the whole thing fall apart," says Ed Roberts, who runs the Washington bureau of the trade publication Credit Union Journal. "It's very...
...Kabul. The message should be the same in both cases: The unsupervised splurge of American aid is over. The Pakistanis will have to stop giving tacit support and protection to terrorists, especially the Afghan Taliban. The Karzai government will have to end its corruption and close down the drug trade. There are plenty of other reforms necessary - the international humanitarian effort is a shabby, self-righteous mess; some of our NATO allies aren't carrying their share of the military burden - but the war will remain a bloody stalemate at best as long as jihadis come across the border from...
...troops in Helmand are fighting with both hands tied behind their backs. They cannot go after the leadership of the Taliban - still led by the reclusive Mullah Omar - which operates openly in the Pakistani city of Quetta, just across the border. They also can't go after the drug trade that funds the insurgency, in part because some of the proceeds are also skimmed by the friends, officials and perhaps family members of the stupendously corrupt government of Afghan President Hamid Karzai. Helmand province is mostly desert, but it produces half the world's opium supply along a narrow strip...
There are few posts more powerful than chairman of the House Ways and Means Committee, which not only writes tax law but also oversees trade policy and is responsible for the nearly half of the federal budget that goes toward Social Security, Medicare and means-tested entitlements. Complicating the matter for House Democratic leaders is the lack of an obvious successor for Rangel at this time of economic turmoil. The next in line for the post by seniority is California Congressman Pete Stark, one of the most liberal and hotheaded members of Congress. He has been known to challenge other...