Archive for July, 2009
The messy issue of ‘too big to fail’
Lawmakers are quickly learning that “too big to fail” may be too complex to legislate away.
Cash for Clunkers: Popular, but it may not matter
While the Cash for Clunkers program is being hailed as a success, having apparently burned much or all its of its billion dollar budget in a matter of days, some analysts doubt the program will amount to much in the long run.
The pain is starting to ease - GDP report
The pace of economic decline slowed substantially in the second quarter, as the U.S. economy shrank at an annual rate of 1% — far less than it did in the first quarter, according to a government report released Friday.
House OKs $2 billion more for Clunker program
The House on Friday passed a bill to allocate another $2 billion to the Cash for Clunkers program.
House backs bill to curb executive pay
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Cash for Clunkers nearly in gear
Cash for Clunkers, the federal program that allows you to trade in your gas guzzler, smacked into a roadblock this week after it became clear the program is already close to burning through its $1 billion budget. The White House made clear today that the program will extend at least through the weekend if not longer. The House just passed a $2 billion extension to the program but the Senate is not expected to vote on the measure until Monday.
Big Texas bank on verge of failure
Guaranty Bank is hardly a household name. But the Austin, Texas-based thrift’s looming failure is shaping up as a big headache for bank supervisors — not to mention a black eye for Carl Icahn and others in the smart money set.
Deficits don’t have to mortgage the future
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Free medical school for 40 lucky students
The incoming freshmen at one of the nation’s newest medical schools will have more freedom to choose whether to become a specialist or help fill the shortage of primary care doctors.
Government scrambles to avoid Cash for Clunkers suspension
This much seems certain about the Cash for Clunkers program: Consumers are happy to take government rebates to buy new cars.
