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What's more, many of the banks getting money now appear to be in fine financial shape. U.S. Century Bank, for example, boosted its net interest earnings, a key measure of profitability for banks, nearly 20%, to $12.6 million, in the second quarter of this year. Yet in early August the government decided to send the bank $50.2 million in TARP funds. U.S. Century executives say they plan to use the money to increase lending and boost profits. "The banks that are getting the TARP money now really don't need it," says Steve Verdier, who heads government affairs...
...Yet even while Obama talked up the importance of the Copenhagen process and hyped his Administration's domestic initiatives on climate change, including new rules that would limit greenhouse-gas emissions from automobiles, many environmental groups came away from his speech underwhelmed. Obama made no mention of specific targets for U.S. emissions cuts at Copenhagen, nor did he agree to attend the summit himself - as British Prime Minister Gordon Brown has done. He spent much of his speech focusing on the need for major developing nations like China to make their own moves on climate change, which sounded a little...
...Swine flu is an unavoidable risk on campus, and I suppose remaining mindful can only improve one’s safety. Yet the number of advisories and preventive measures seem better suited for a game of “swine-flu dodging”—so let’s play. To win your first point, you have to make full use of the Purell dispenser by the entrance. I have overheard students comparing the dispenser to its counterparts in other Houses. “Lowell’s totally doesn’t work...
...fine—so HUDS probably had more in mind than promoting games like this when it made these advisories. Yet its messages aren’t good for much more. The advice they offer is confused and largely superficial. Suggestions that students wash their hands before eating are common sense and should be applied before every meal, not just during swine-flu season. The health messages it prints often seem to arise more out of a desire not be held liable than out of genuine concern. Nutrition fact placards disappeared when some people complained, for instance, but they later...
...Abbas don't share a common destination. The Israeli Prime Minister has surged in Israeli opinion polls by pushing back against Obama's settlement-freeze demands, and he is under no domestic pressure to make any concessions. But Abbas' domestic constituency will see the New York City meeting as yet another humiliation inflicted on him by Washington, which has had him pose for endless photographs with an array of Israeli leaders who have no intention of satisfying the basic demands of a peace agreement he could accept. In a bid to reclaim some of the ground he has consequently lost...