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What Americans are fast learning is what the market pros knew all along - the bailout bill may turn out to be a pill that dulls the pain, only to leave deeper global economic wounds festering. "We're in the midst of a panic," says James Angel, professor of finance at Georgetown's McDonough School of Business. Angel, who teaches a course on financial crisis, says that even the injection of federal dollars may not convince banks to shed their fears. "If banks go from being too reckless to being too conservative, there may be general starvation for the economy...
...Pennsylvania, says the Fed's actions this week - effectively lending a trillion dollars into the financial system - may have a more dramatic immediate impact. "Given what the Fed is doing now, I wonder if we even need the $700 billion,"Siegel says. If the Fed and Treasury steps turn out to be effective, the market could turn the corner sharply. The most dramatic growth in U.S. stock market history took place between 1932 and 1933, out of the depths of the depression...
...microwave popcorn and baking mixes. Each pick-up day 10 or 15 student volunteers help package food, stock shelves and serve customers. They conduct interviews to see how much food to give out - if a customer has a family to support, he or she gets more - but almost never turn someone away. "Someone who is not on a tight budget is probably not going to go through the hassle," says Kristin Moretto, 34, an education graduate student and the director of the food bank...
...Obama's strategists have long believed that a stronger ground game could turn narrow Democratic losses of recent years into wins. They note that Al Gore never would have needed Florida if he had instead built an organization to turn out an average of 15 additional votes per precinct in Missouri. Team Obama is also vowing to register 75,000 new voters in Missouri - and voter rolls are indeed swelling, up by 200,000 so far, though the secretary of state's office doesn't keep track of how many are Democrats or Republicans...
...crowned with an oversized gilded eagle, struggles to contain the embassy's 800-person staff. It has never been thoroughly renovated since it was built in the 1950s facing a busy square, a situation that has made the facility difficult to protect. For all that, American diplomats will likely turn up their noses at the announcement. The move means trading in the tony surroundings of Mayfair - with its bespoke tailors, high-end jewelers and Michelin-starred restaurants - for a gritty stretch of road between Battersea and Vauxhall, known for, among other things, its bus station, a large supermarket...