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Ruby-Sachs: Everybody Knows

ERubySachs — Tue, 31 Mar 2009 15:37:20 +0000

This morning the song, Everybody Knows by Leonard Cohen has been running through my head – one line in particular, really: “The poor stay poor and the rich get rich, that’s how it goes,(...)

Ruby-Sachs: A second bailout in the works

ERubySachs — Mon, 20 Oct 2008 20:56:55 +0000

The Financial Times reports that there is a second economic stimulus package in the works. While the economoy is certainly not taking off after the first package, one wonders just how much debt(...)

Ruby-Sachs: An excellent explanation of the economic crisis and the bailout

ERubySachs — Wed, 08 Oct 2008 15:06:39 +0000

For those still curious, here is the best and most thorough explanation of the bailout package and the crisis it attempts to solve:

This American Life: October 3, 2008

House passes bailout bill

Jennifer Vanasco/editor — Sat, 04 Oct 2008 05:23:59 +0000

(Washington) Millions of taxpayers, thousands of businesses and groups as diverse as solar power developers and natural disaster victims will see tax relief with the House vote Friday to approve(...)

Senate passes bailout, House still uncertain

Jennifer Vanasco/editor — Thu, 02 Oct 2008 11:24:44 +0000

After one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, winning lopsided passage in the Senate and gaining ground in the House, where Republicans opposition softened.

Senate votes tonight on financial rescue plan

Jennifer Vanasco/editor — Wed, 01 Oct 2008 18:52:25 +0000

(Washington) In a surprise move to resurrect President Bush’s $700 billion Wall Street rescue plan, Senate leaders slated a vote on the measure for Wednesday night – but added a tax cut plan(...)

Bailout failure seen hurting McCain

Jennifer Vanasco/editor — Tue, 30 Sep 2008 13:25:40 +0000

(Washington) Republican John McCain has maneuvered himself into a political dead end and has five weeks to find his way out.

Last Wednesday, McCain suspended his presidential campaign to insert(...)

Bailout bill defeated, stocks plunge

Jennifer Vanasco/editor — Mon, 29 Sep 2008 18:34:47 +0000

The House on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry.

$700b economic bailout advances

Jennifer Vanasco/editor — Mon, 29 Sep 2008 12:52:25 +0000

(Washington) With the House slated to vote today on a deeply unpopular $700 billion rescue plan for beleaguered financial companies, President Bush and congressional leaders were scrambling to(...)