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TARP does nothing to patch the hole in the banking system. And it certainly doesn't do anything to encourage banks to make more loans. Yes, banks have gotten nearly $300 billion in money from the government, and that's a lot of dough. But it's not free dough. In return for federal cash, the government has taken preferred-stock shares as the firm's markers. Unlike common stock, which is the kind you or I would buy from a broker, preferreds have to eventually be paid back, so they are really loans, not additional capital. (See which country...
...Yes, it's a historic moment for television, sports fans. Putting the III in Super Bowl XLIII, the very first commercial going into halftime will also be the first 3-D commercial in bowl history. It's a 90-second trailer for DreamWorks Animation's upcoming movie Monsters vs. Aliens. Viewers need a pair of 3-D glasses, which can be found for free at grocery and convenience stores nationwide. The stunt is a joint venture of DreamWorks and Pepsi, which is promoting its SoBe beverages in a follow-on 3-D ad later in the broadcast. (See the best...
...health care or to avoid plunging into poverty. She wasn't lying or cheating--she might have been legitimately worried--but her worries turned out to be unnecessary. And society, having kept its promise to her, should get at least part of that money back. Oh, yes, designing a system to achieve this would be a nightmare--maybe impossible. The incentive for old folks to squander their savings would be enormous. Maybe it can't work. But the point is worth keeping in mind as we enter President Obama's "new age" of "hard choices...
...excitement/purity/antiquity (take your pick) of the Ivy League’s “14-game tournament” comes out in full force today. Yes, all the schools not starting with P have already have already exchanged travel buddies, but the pace picks up now with four Ivy games on each Friday and Saturday night for the next six weeks...
...Blagojevich's frequent mentions of Richard Nixon in his many TV appearances this week. Nixon came up again in the state-senate soliloquy, which drew heavily on Nixon's signature blend of bathos, defiance, self-pity and implausibility. The same thing that tripped up Nixon felled Blagojevich: tapes, yes - but also the fact that the SOB-with-a-heart-of-gold act can work only if people are willing to believe that you might have a heart...