Word: yorke
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...other important issue which has been raised is whether Merrill Lynch hid any of the problems on its balance sheet from B of A. According to Reuters, "New York Attorney General Andrew Cuomo is reportedly looking into whether federal bailout loans to BofA were used appropriately, and if shareholders of both companies were given all the necessary information about Merrill's finances...
...Senate seat is a [expletive] valuable thing, you don’t just give it away for nothing.” Governor Paterson took this lesson to heart; his eventual choice of Sen. Kirsten Gillibrand was designed to shore up his support from upstate New York voters as the 2010 gubernatorial election approaches...
...Fortunately, Sen. Russ Feingold (D-Wis.) has recognized the wisdom of such a change. This week, he will introduce a constitutional amendment that would end gubernatorial appointments of interim senators, instead mandating the replacement of senators through special elections. Given the public outcry surrounding the Senate appointments in New York and Illinois, Sen. Feingold’s amendment has a reasonable chance of passing. It would fulfill the legacy of the 17th Amendment, which instituted the direct election of senators in 1913. Like its century-old forebearer, the proposed amendment furthers the voters’ ability to choose their leaders...
...there are more serious critiques of the American Recovery and Reinvestment Act from more serious critics. The most compelling critique - offered by Clinton Administration budget chief Alice Rivkin and Democratic Senator Ben Nelson as well as principled conservatives like New York Times columnist David Brooks and Reagan Administration economics adviser Martin Feldstein - is that an $800 billion stimulus package ought to be all about stimulus. They're not the Hooverish partisans who are whining that the package has turned into a "spending plan," as if government spending were a preposterous strategy for jump-starting the economy. They're concerned with...
...Tuesday morning, it became apparent that the storm was only intensifying, and Daschle, recognizing the change in the political winds, withdrew his name from consideration for the Cabinet post. Several editorial pages - including the New York Times's - had called on him to withdraw. And there was a new allegation, reported by Politico, that Daschle had recommended the very businessman who had supplied him with the car service for two Cabinet posts in the Obama Administration. As one close adviser put it, the case for Daschle had "appreciably deteriorated from 24 hours ago." (See who's who in Obama...