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Federal Reserve chairman Ben Bernanke, who in March put up $29 billion to entice JP Morgan Chase to take over struggling Bear Stearns, and Treasury Secretary Hank Paulson, who just over a week ago committed up to $200 billion in taxpayer funds to rescue mortgage lenders Fannie Mae and Freddie Mac, have opted not to go the bailout route this time. The Fed did announce yet another expansion of its lending programs to banks and investment banks, but so far that's it. The hope seems to be that if Lehman's (and perhaps AIG's) liquidation transpires...
...sides were far from agreeing on how to share power. They had been talking since a controversial June 27 runoff election in which Mugabe ran unopposed and claimed victory after Tsvangirai, who polled more votes than did the President in the first round at the end of March, withdrew in the face of a sustained campaign of violence against his supporters...
...talks had revolved around a proposal for Mugabe to remain President while appointing Tsvangirai as Prime Minister, but they had been deadlocked over which position would be more powerful. (Tsvangirai's MDC also controls the legislature, having beaten Mugabe's Zanu-PF Party in the parliamentary vote in March.) It was not immediately clear what led to the breakthrough, nor how the balance of power between Mugabe and Tsvangirai will be resolved. Details of the deal are to be released Monday at a formal signing ceremony...
Hammonds took over the College’s highest office on June 1, though she was named to the position in March. Prior to her appointment, she was the University’s senior vice president for development and diversity...
...survey conducted jointly by USA Today and researchers at the Kaiser Family Foundation and the Harvard School of Public Health released in March, the majority of Americans also believe that prescription drugs cost too much money...