So who selected Geithner back in 2003? Well, the Fed board created a select committee to pick the CEO. This committee included none other than Hank Greenberg, then the chairman of AIG; John Whitehead, a former chairman of Goldman Sachs; Walter Shipley, a former chairman of Chase Manhattan Bank, now JPMorgan Chase; and Pete Peterson, a former chairman of Lehman Bros. It was not a group of typical depositors worried about the security of their savings accounts but rather one whose interest was in preserving a capital structure and way of doing business that cried out for—but did not receive—harsh examination from the N.Y. Fed.
Don’t tell anyone, don’t breathe a word, but the world’s most powerful men are meeting secretly again to save the planet from economic catastrophe.
This year the club is going to talk about depression. “According to the pre-meeting booklet sent out to attendees, Bilderberg is looking at two options,” says the Bilderberg-watcher Daniel Estulin — “either a prolonged, agonising depression that dooms the world to decades of stagnation, decline and poverty — or an intense but shorter depression that paves the way for a new sustainable economic world order, with less sovereignty but more efficiency.”
Social Security and Medicare's annual checkup revealed that the recession and longer life expectancies are taxing the health of the entitlement system. The Social Security Board of Trustees report found that program costs will exceed tax revenues
in 2016, a year sooner than predicted in last year's report. The trust fund will be exhausted in 2037, four years sooner than the 2008 estimate. Here's a look at how the projections could affect your retirement plans.
Despite complaints that banks and credit card companies are gouging customers by charging outrageous interest rates, the Senate on Wednesday easily turned back an effort to cap interest rates at 15 percent.
The effort by Senator Bernie Sanders, the Vermont independent, drew only 33 votes and needed 60, with a bipartisan group of 60 senators opposing it as the Senate pushed its credit card overhaul toward the finish line. Some Democrats and consumer groups have said that an interest cap is needed to put real teeth into an otherwise solid bill.
While the prices of food and other goods have cooled off from the record highs they hit during Israel's three-week assault, the World Food Programme (WFP) reports that a number of items, many of them basic, remain more expensive for Gaza's residents than they were before Operation Cast Lead.
Sugar, rice, onion, cucumber, tomato, lemon, pepper, chicken, meat, fish and garlic were all more expensive for Gaza's residents in March 2009 than they were in December 2008, the WFP says.
Nancy Pelosi is no Dick Cheney, nor a George W. Bush. She was neither the author of a systematic policy of torture nor has she been, like Cheney and most top Republicans in Congress, an enduring apologist for its practice.
But what she, and anyone else who went along with this evil, as lackadaisically as she now claims, should be confronted with are the serious implications of their passive acquiescence. Why did she not speak up, or if it were a matter of a lack of reliable information, demand an accounting from the executive branch, as befits a leader of the loyal opposition in Congress?
Men really do have an excuse for supposedly being wimpy about coughs and colds - their immune systems are not as strong as women's, research suggests.
A Canadian study indicates that the female sex hormone oestrogen gives women's immune systems added bite at fighting off infection.
A former senior FBI agent involved in the interrogation of captured Al-Qaida operative Abu Zubaydah told a Senate panel Wednesday that the use of harsh techniques to extract information was "slow, ineffective and unreliable."
TVNL Comment: See if this testimony is aired a fraction as often as Dick Cheney's support of torture techniques.
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