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OPINION: Bail Out America’s Brains
From Thomas L. Friedman at The New York Times:
Here’s hoping that our new administration will be guided in shaping the stimulus by reading John Maynard Keynes in one hand and by reading “Rising Above the Gathering Storm: Energizing and Employing America for a Brighter Economic Future” with the other.
Read More...Mayors Want Bail Out Money Too
Three big city mayors asked the federal government Friday to use a portion of the $700 billion financial bailout to assist struggling cities.
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Government Gives Record Aid To AIG
In a record bailout of a private company, the government on Monday provided a new $150 billion financial-rescue package to troubled insurance giant American International Group, including $40 billion for partial ownership.
House Passes Bail Out Bill
With the economy on the brink and elections looming, Congress approved an unprecedented $700 billion government bailout of the battered financial industry on Friday and sent it to President Bush for his certain signature.
Senate Will Vote on Bail Out Bill
WASHINGTON — In a bold bid to revive President Bush’s multibillion-dollar financial rescue plan, Senate leaders scheduled a vote for Wednesday night on a version of the bill that adds substantial tax cuts meant to appeal to Republicans when it reaches the House.
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