Daily News Channel
With outrage mounting over AIG’s $165 million in bonuses to executives, the president’s chief economic adviser offered a new line of defense for the White House in an exclusive interview with CNN. Larry Summers suggested that if Treasury Secretary Timothy Geithner had pushed the insurance giant too hard on the bonuses, AIG could have collapsed just like Lehman Brothers and sparked an even bigger crisis
It was the best of times in 2004, when attorney Dave Dineen graduated from Boston University School of Law and landed a job at a top Massachusetts corporate firm, Foley Hoag LLP. By 2007, the National Association for Law Placement was reporting the most promising year in two decades.
When a Jewish boy turns 13, he heads to a temple for a deeply meaningful rite of passage, his bar mitzvah. When a Catholic girl reaches about the same age, she stands in front of the local bishop, who touches her forehead with holy oil as she is confirmed into a 2,000-year-old faith tradition.
Police searched Sunday for gunmen who opened fire on an Israeli police vehicle in the West Bank, killing two officers, according to Israeli police. AIG, a recipient of at least $170 billion in federal bailout money , got an $85 billion loan from the Federal Reserve. The list released Sunday of “counterparties” that benefited from the bailout is topped by European banks Societe Generale and Deutsche Bank, which received $4.1 billion and $2.6 billion, respectively.
Troubled insurance giant AIG, already under fire for intending to pay out $165 million in bonuses and compensation, succumbed Sunday to congressional pressure, identifying banks that received chunks of the company’s billions in federal bailout funds last year. AIG, a recipient of at least $170 billion in federal bailout money , got an $85 billion loan from the Federal Reserve. The list released Sunday of “counterparties” that benefited from the bailout is topped by European banks Societe Generale and Deutsche Bank, which received $4.1 billion and $2.6 billion, respectively.
When Minnesota’s Senate recount trial began in January, the state’s lone U.S. Senator, Democrat Amy Klobuchar, made a prediction: either Republican incumbent Norm Coleman or Democratic challenger Al Franken would be seated as Minnesota’s next senator by April 11, the day the ice is expected to melt on Lake Minnetonka, a large lake outside of the Twin Cities. But after 30 painstaking days in court, Klobuchar is starting to have her doubts.
For a handful of CIA operatives who were on the frontlines of the war on terror in the early months and years after 9/11, it’s the stuff of nightmares. After all, they did their job as their political masters defined it, using tools and techniques approved by their lawyers
Britain’s prime minister Gordon Brown repeated his call Saturday for former bank chiefs to give up massive pension packages and demanded a clean-up of the banking system to eradicate "Indefensible" practices. In a speech to the ruling Labour Party’s National Policy Forum in Bristol, south-west England, Britain’s Press Association quoted him as saying: “Some of the practices now being discovered in our banks are not only unacceptable, they are indefensible and they have got to be cleaned up now.
Thrust into the spotlight as a Republican rising star, Louisiana Gov. Bobby Jindal has been depicted as an up-and-comer capable of helping reshape the party and jockeying for the 2012 GOP presidential nomination. And now, Jindal’s party is putting him on a national platform, awarding the once little-known congressman the political plum of delivering the Republican’s televised response to President Barack Obama’s address to Congress on February 24.
Graphic photos of the alleged thief’s corpse were splashed over the front pages of Mexican tabloids beneath headlines such as “Dead Rat” and “Military Justice.” The confessed shooter, retired general Alejandro Flores, was widely hailed as a hero for firing at the 30-year-old man who had tried to force his way into the military man’s Mexico City home. “Of course he did the right thing,” wrote Felipe Alcocer in one on-line forum on the incident. “I wish everyone would act in the same way and get rid of this anti-social scum.” Given Mexico’s widespread breakdown in security, the praise for Flores’ Feb