Openness and transparency are necessary characteristics for the Stimulus Package but it may not be cheap—so warns Massachusetts Governor and its Attorney General.
Monday, March 16, 2009
Both federal and state authorities move on AIG’s current administration regarding bonuses and CDS’s
President Obama vowed to try to stop the faltering insurance giant American International Group from paying out hundreds of millions of dollars in bonuses to executives, as the administration scrambled to avert a populist backlash against banks and Wall Street that could complicate Mr. Obama’s economic recovery agenda. See more of the story, by clicking the following:
Obama Orders Treasury Chief to Try to Block A.I.G. Bonuses - NYTimes.com
New York State Attorney is also after the AIG bonus people. Click on the following:
Cuomo Seeks A.I.G. Bonus Information - DealBook Blog - NYTimes.com
On the matter of CDS’s, the list of top recipients of AIG payoff’s from rescue funds is finally out.
Click on the citation below and take a look:
A.I.G. Lists the Banks to Which It Paid Rescue Funds - NYTimes.com
Newspapers' troubles escalate in recession | csmonitor.com
If you are reading this—you and I are part of the problem. Click on the citation below to view the story:
Sunday, March 15, 2009
Northwest Herald | Analysis: Sunshine laws more important than ever
March 15 marks the beginning of “Sunshine Week,” an annual initiative by the American Society of Newspaper Editors to remind people of the importance of open government and access to public information. Read more by clicking on the following citation.
Northwest Herald | Analysis: Sunshine laws more important than ever
Ex-IMF Official slams G20
Professor Simon Johnson, formerly chief economist for the International Monetary Fund, is an Economics Professor at M.I.T. In his website, The Baseline Scenario, Johnson states that finance ministers and central bankers at the G20 meeting could agree only that “nothing that will make any difference” in the current economy crisis. This does not bode well for the official G20 conference April 3-4. Johnson talks about politicians manipulating the press. For his short op ed go to: http://baselinescenario.com/category/op-ed/
‘‘American Recovery and Reinvestment Act of 2009’’.
‘‘American Recovery and Reinvestment
Act of 2009’’. All 4o7 pages of the act are now available for the public to read (in case there was some misunderstanding). Click on the following:
Ultimate fix for the global economy | csmonitor.com
This Op-Ed from the Christian Science Monitor calls for a cultural/economic change in both new importers and exporters. It really is a call for a move to a new world order as far as international trade. Click on the following, to read this story:
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