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[DealBook] Officials Knew About A.I.G. Bonuses Months Ago - DealBook Blog ...: Interviews with senior Federal Reserve and Treasury officials, as well as members of Congress, leave little doubt that the bonus program was a disaster hiding in plain sight, The New York Times’s Edmund L. Andrews and Jackie Calmes reported.

[Times Topics] Problems in the Past - Times Topics Blog - NYTimes.com: As hundreds of billions of dollars flow from Washington to jump-start the nation’s staggering banks, automakers and other industries, a new economy is emerging of businesses that hope to make money from the various government programs that make up the largest economic rescue in history.

[Start Thinking Right] Obama Government Spending ANOTHER $1.2 TRILLION « Start Thinking Right: WASHINGTON - With the country sinking deeper into recession, the Federal Reserve launched a bold $1.2 trillion effort Wednesday to lower rates on mortgages and other consumer debt, spur spending and revive the economy. To do so, the Fed will spend up to $300 billion to buy long-term government bonds and an additional $750 billion in mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac.

[USA 2008] Obama sounds populist theme in Orange County | USA 2008: Obama said a major part of the stimulus is directed to fixing schools and keeping teachers on the job. Obama’s Orange County appearance was his first stop on a two-day visit to a state that’s lost more than a half-million jobs since December 2007, seen a staggering drop in home prices and endured a budget crisis that nearly forced California’s government into insolvency.

[DealBook] Do We Have to Pay the A.I.G. Bonuses? - DealBook Blog - NYTimes.com: felt it necessary to guarantee seven executives at least $3 million apiece when the economy was clearly on shaky ground. Perhaps we will find out these contracts were a bit of sleight of hand to enrich executives who knew this financial Titanic had hit the iceberg.

[Paul Krugman] Breathtaking and staggering - Paul Krugman Blog - NYTimes.com: bailout, fiscal rescue plan - or whatever hyperbole you wish to use to describe it. Because with each new lurch of the federal government and federal reserve’s attempts to protect their dying system they pull the drowning victim (the economy) another inch under water which will eventually result in death of the financial system.

[whatshouldbe.com] whatshouldbe.com » The AIG Debacle - Getting Facts Back Into the ...: It is not longer about learning the facts and coming up with an opinion .There’s an eye-opening piece in the Washington Post Style section this morning entitled Inside AIG-FP, Feeling the Public’s Wrath.

[MashGet » Sarah Palin] Obama says no certainty economy to rebound this year - MashGet: WASHINGTON (Reuters) - President Barack Obama said he could not assure Americans the recession-mired U.S. economy would start growing again later this year, The New York Times said on Saturday. "I don't know that anyone has that kind of crystal ball," .

[The BackChannel Blog] The High Cost of One Chronic Disease: Diabetes « The BackChannel Blog: Anita Mathew, LifeScan’s manager for alliances and corporate development, showed how a child at school could use the iPhone app to download a glucose reading from her monitor, calculate how much insulin she would need based on lunch and swim practice, and then send that information to Mom and Dad.

[TierneyLab] Obama’s Drug Policy - TierneyLab Blog - NYTimes.com: Bart is the ROBERT BROOKINGS SMITH DISTINGUISHED PROFESSOR OF ENTREPRENEURSHIP specializing in Entrepreneurship, Health Economics, Labor Economics, Econometrics while teaching in the Med and Business school at Washington University in St. Louis.

[City Room] M.T.A. Warns of ”˜Dire’ Fiscal Picture - City Room Blog - NYTimes.com: While no one doubts that the MTA has been mismanaged in the past (and still is not the best managed organization), the fact is that the MTA is in a dire economic condition for many reasaons, including that the City and State have shortchanged the Authority since the Giuliani and Pataki years. While an audit would assuredly uncover some waste and savings, it would no way plug the massive gaps nor help prevent some of the much larger debts that will engulf the MTA and thus further harm the NYC region in a few years.

[DealBook] In a Switch, Citigroup Lifts Stocks - DealBook Blog - NYTimes.com: Investors also cheered signals from lawmakers and the Securities and Exchange Commission that officials were poised to restore the uptick rule, which is intended to slow short-selling. The rule was lifted in 2007, and critics have said its absence contributed to the breathtaking pace of declines in stock prices.

[Climate Progress] Climate Progress » Blog Archive » Welcome N.Y. Times readers to ...: For any first time visitors here because of Tom Friedman’s column in the Sunday New York Times, “The Inflection Is Near?” this post is intended as an introduction to Climate Progress. I will blog later Sunday about the column itself .

[DealBook] Ex-Leaders of Countrywide Profit From Bad Loans - DealBook Blog ...: “It is sort of like the arsonist who sets fire to the house and then buys up the charred remains and resells it,” said Margot Saunders, a lawyer with the National Consumer Law Center, which for years has sought to place limits on lending practices by Countrywide and other companies that it calls abusive.

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