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...considered asides by policymakers can cause financial-market angina. So you can probably imagine the ripple that ran through the Peterson Institute for International Economics in Washington in July when Summers looked up from his prepared speech, flashed a grin and loosed the sort of utterance that once upon a time marked imminent indiscretion. "There was," he told the room, "a fight about whether I was allowed to say this now that I work in the White House." (See how Americans are spending...
...loaded spring ready to uncoil upon another bit of bad news, or is the investor-anxiety balloon finally deflating...
...sold $2.5 billion in bonds in order to raise cash, refinance short-term debt, and terminate certain investment agreements. (Mendillo has stated in the past that HMC began exploring private equity sales even before the financial world imploded, as part of a larger policy portfolio shift that she implemented upon her arrival.) Thursday’s endowment report said that over the past year, HMC has reduced its payments owed to outside investment firms by roughly $3 billion and raised cash in order to explore “attractive investment themes that we foresee emerging from the crisis...
...much as Obama has repeatedly underlined his preference for a public plan, in the past few months, he has slowly backed away from making the bill contingent upon its inclusion. And House majority leader Steny Hoyer on Tuesday seemed to indicate for the first time that the House might move to pass a bill without a public plan. When asked if legislation without such a feature could pass the House, Hoyer hedged. "I think the public option is a very good choice for consumers to have," he told reporters in his first-floor Capitol Hill offices. "On the other hand...
...been as sickly captivating to Iranians as the stories of abuse and torture that have trickled out from behind prison walls. Not only is sexual violence particularly abhorrent in conservative Iranian society, but the charges also challenge the legitimacy of the Islamic government by calling into question its foundation upon moral justice. The Islamic revolution was inspired in part by such abuse during the Shah's authoritarian rule. (See pictures of terror in Tehran...