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...dollars being added to the federal deficit is the belief that the government can buy its way out of the recession. If that does not happen, the average citizen will lose what has been his last, best hope for having a reasonable economic life instead of living through a multi-year period of national financial stagnation and intransigent, high unemployment. It will be a world in which almost no one believes that his life will ever improve...
...long-standing European Neighborhood Program (ENP), the Eastern Partnership (EaP) plan called for establishing preferential development, trade, and travel agreements with the six former Soviet republics in exchange for them taking steps to create solid and responsible free market economies and democratic political systems. In that way, the multi-lateral EaP sought to strike up and reinforce ties with the E.U.'s outlying neighbors even faster than the bilateral ENP agreements had. (See pictures of President Obama's travels in Europe...
...daunting; she'll try anything and make it work. It's a mystery how this bold, striking star-in-the-making avoided Hollywood's eye for 15 years, but for off-Hollywood, off-kilter dramas, Swinton has been the go-to lass - the queen of the indies. (See a multi-media analysis of 78 years of Oscar by Richard Corliss...
...junior at Harvard College, has served as Nesson’s personal assistant since last February, after being plucked from a technology support role at the Berkman Center. As the team’s administrative guru, Meister has made it his business to memorize the dates, document classifications and multi-digit docket numbers associated with the case. For logistical questions, detail questions, questions about the nitty-gritty, day-to-day progression of the case since September, Isaac, who has been at Nesson’s side while others were on break and exams...
...most exciting day of the financial year should have been today because the government releases the results of its multi-month bank "stress test" program which includes thorough vetting of the health of America's 19 largest banks. That part of the drama is over. Someone leaked almost all of the information on the banks that failed the tests and how much money they will be asked to bring in as new capital. Citigroup (C), Wells Fargo (WFC), and Bank of America (BAC) are troubled, as the government sees it, and will have to improve their balance sheets...