As Crisis Loomed, Geithner Pressed But Fell Short – In September 2005, Timothy Geithner made one of his most visible moves as a supervisor of the U.S. banking system. He summoned the nation’s top financial firms and their regulators to streamline an antiquated system that threatened Wall Street’s boom.
Jobless Rate Hits 8.5% After 663,000 Jobs Lost in March – The American economy shed another 663,000 jobs in March, the government reported Friday, bringing the toll of job losses during the recession to 5.1 million.
Palin Wants Senate Do-Over In Alaska – Gov. Sarah Palin and the head of the Alaska Republican Party said Thursday that Sen. Mark Begich should give his Senate seat up to a special election now that prosecutors have abandoned their case against Ted Stevens.
Obama Calls Out European “Anti-Americanism” And American “Arrogance” – Urging a common effort to restructure the world economy and rebuild international alliances, President Barack Obama did not hesitate on Friday to call out his own country for “arrogant” patriotism and Europe for “insidious” anti-Americanism.
Unanimous ruling: Iowa marriage no longer limited to one man, one woman – “The Iowa statute limiting civil marriage to a union between a man and a woman violates the equal protection clause of the Iowa Constitution,” the justices said in a summary of their decision.
Too Many Cars, and They’re Not on the Road – “There was a car bubble,” Steven Rattner, who President Obama recruited to head a Treasury Department group charged with finding solutions to the mountain of problems facing the American auto industry, said in an interview last month. “We had this artificially high sales rate.”
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