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...part, Geithner responded that he thought the TARP program has largely been a success. "The nation's financial system is in better shape today than it was three months ago, six months ago and even on the eve of this recession," Geithner told the panel. He said adding capital to the banks was the right move. "Had we just gone and guaranteed all of the banks debts, I don't think we would have been as successful," he said...
...Warren asked whether the government has plans to rerun the stress tests. With unemployment already at the level the government called "worst case" just a few months ago, Warren said she thought it time to look at bank strength again, assuming even higher levels of unemployment. Geithner replied that the Stress Tests were stringent enough...
...contention is not only that rich countries have been the biggest polluters, but also that they have done nothing about it," says Sunita Narain, director of the New Delhi-based Centre for Science and Environment, which organized a South Asian media workshop two weeks ago. Rich countries, or Annex-I nations of the Kyoto Protocol, were supposed to cut emissions 5.1% over 1990 levels by 2008-12, she explains. But barring the economies in transition (like those of Eastern Europe, whose economies collapsed following the breakup of the Soviet Union), developed countries' emissions actually increased 14.5% during this period...
Fitzsimmons said he immediately agreed when his long time acquaintance at the NYT, Jacques Steinberg, proposed the idea two weeks ago...
...under their belt, co-songwriters Will Cullen Hart and Bill Doss parted ways. Doss went on to pursue solo projects under the moniker The Sunshine Fix, while Hart and the remaining members of OTC reformed as Circulatory System, and released their self-titled debut in 2001.That was eight years ago, and until relatively recently, news from the Circulatory System camp, with the exceptions of a few Athens shows and a brief OTC reunion tour, was frustratingly rare. Around 2005, blogs and message boards buzzed over rumors of a new album—tentatively titled “Blasting Through?...