|
thfa Keynes Economic Theories Re-emerge in Government Intervention Policies
Gdfr Gridlock on needed reforms as Social Security turns 80
This story was updated on Dec. 23.On the last Friday in October, Treasury Secretary Tim Geithner stood at a podium in Chicago and extended $50 million in federal tax credits for community development projects to Park National, a community bank based in the West side neighborhood of Oak stanley cup Park.The awarding of tax credits, stanley cup say those who attended the ceremony, was a recognition of Park stanley cup Nationals nearly three decades of investment in the local community and a belief that it would continue to be a major source of small business loans, banking for low-income households, and local philanthropy.But just hours after Geithner awarded the bank millions in credits, officials from the Federal Deposit Insurance Corporation, at the behest of the Office of the Comptroller of the Currency and other bank regulators, walked into Park Nationals branches, as well as the branches of its eight sister banks around the country, and seized its assets.* It was nine more banks to add to the FDICs list of failed institutions, which stands at 140 for the year as of Dec. 18, compared to just 26 in all of 2008. The next day, the nine banks owned by Oak Park-based FBOP Corp., including Park National, reopened under the management of U.S. Bank, a subsidiary of U.S. Bancorp based in Minneapolis, Minn.In the weeks since the failure of FBOP, and with it Park National, residents of diverse West Chicago neighborhoods like Oak Park, Austin, and Garfield Park have responded with a mix of grief and outrage. A Coalition Xvjl Gwen s Take: Ping-pong politics
ASPEN stanley cup , Colo. An unaccustomed air of foreboding hangs over this week Aspen Security Forum, an annual gathering of the nation top past and present defense, intelligence, counter-terrorism and diplomatic figures who are focused on protecting the American homeland. Are we safer now than five years ago asked Jeff Stern, a veteran parti af1 cipant, who is now responsible for protecting Virginia critical infrastructure. I ;d have to say, no. READ MORE: A subtle takedown of Donald Trump by Homeland Security Jeh JohnsonFormer Homeland Security inspector general Clark Kent Ervin, who conceived this gathering seven years ago in the backwash of 9/11, feels the change in mood. All these recent terror attacks on soft targets, the growing cyber attacks, suggest this is the new normal, and it going to be with us for a while, Ervin told me. People are scared, and they have legitimate reason to be. We ;ve got all these evolving threats coming at us, and it disturbing that we did not see around the corner and anticipate this two years ago. Many of the non-government attendees, part of the vast Homeland security complex that has grown up since 9/11, told me they sensed the same. It does feel different than past years because of the complexity and diversity of large problems that are out there t air max o solve, said David Hoffman, Intel Corporation di |
|