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...Among other key questions: What percentage of the purchase price will the government fund? A senior Administration official said as much as 80% of the purchase price could be government money, but the number has not yet been fixed. And who gets to keep the profit, if there is any? Does Uncle Sam let the private player keep it all, or does the government get some? How and when does the private player have to repay the government loan? And what if the toxic asset stays worthless - does the private buyer lose his money first, or does the government...
...Wyden and Cooper's approach also has a big following among health-care wonks, among them, noted bioethicist Ezekiel Emanuel - brother of White House chief of staff Rahm Emanuel - who has been tapped to play a big role in health-care reform in the Obama Administration's Office of Management and Budget. Emanuel and Wyden teamed up in December to write an op-ed piece in the Wall Street Journal on the limits of employer-based health coverage. And though during the election campaign Barack Obama criticized John McCain for proposing a plan that, like Wyden's, would make employer...
...bonuses for AIG's 370-person financial products division, the London-based unit largely responsible for the company's debacle involving bad bets insuring mortgage-backed securities. Overall, however, three separate, AIG-wide retention and bonus payments due to start later in March will spread some $1.2 billion among roughly 6,400 of the firm's 116,00 staff. Seven people at the financial products unit are in line for more than $3 million in extra 2008 compensation...
Israel may be a martial democracy, where generals and war heroes often morph into politicians, but there is an ethos among Israelis that it is worth nearly any sacrifice to bring home the body of a soldier fallen in battle or one taken prisoner. Even families of terrorist victims are pleading for Olmert to strike a deal with Hamas, which rules the Gaza Strip and survived a 22-day pummeling by Israel earlier this year. Roni Hirshzon, who lost his son Amir in a suicide-bombing attack, said, "What is the price Hamas demands compared with the life...
...Ironically, despite its iron-fisted reputation, ARENA has not been able to tackle El Salvador's most urgent crisis, violent crime. The country has been overwhelmed by transnational Central American gangs like the Mara Salvatrucha - which actually originated in Los Angeles among the children of Salvadoran refugees waiting out the civil war - and today El Salvador has one of the world's highest murder rates. The problem is exacerbated by the social stress caused by the global recession, which is shrinking the remittances from Salvadorans living abroad that account for a large chunk of El Salvador's economy...