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Armand Biroonak's picture

CAF STAFF

Under Strain, Cities Are Cutting Back Projects

nytimes.com — Cities, states and other local governments have been effectively shut out of the bond markets for the last two weeks, raising the cost of day-to-day operations, threatening longer-term projects and dampening a broad source of jobs and stability at a time when other parts of the economy are weakening.

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Alex Carter's picture

CAF STAFF

Panel’s Bipartisan View: F.D.A. Is Underfinanced

nytimes.com — The Food and Drug Administration needs far more money than the White House has proposed for next year, senators of both parties said Tuesday. “To us, it’s clear that they’re seriously underfunded,” Senator Herb Kohl, Democrat of Wisconsin, said after a hearing of the Appropriations subcommittee, headed by Mr. Kohl, that oversees the agency’s spending.

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A Brighter Spotlight, Yet The Pay Rises

nytimes.com — Shareholders were mad about excessive compensation last year, when the economy was booming. This year, governance experts say, they are livid. “They are furious about the dichotomy of experiences — their shares fall, yet C.E.O. pay still rises,” said Paul Hodgson, a senior research associate at the Corporate Library, a governance research group.

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Life Expectancy Gap Widens

nytimes.com — New government research has found “large and growing” disparities in life expectancy for richer and poorer Americans, paralleling the growth of income inequality in the last two decades.

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IBM to help build another Chinese center to outsource professional services

Related Topics:

english.mofcom.gov.cn — New center to outsource professional services plans to add another 50 firms with 20,000 Chinese IT workers

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Credit Crunch Hits Bankers to the Rich

iht.com — The wealthy are paying back investment loans to reduce risk, and depriving the wealth management industry of an income stream.

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Press Releases

MAJOR PROGRESSIVE AND LABOR LEADERS DEMAND CONDITIONS FOR DRASTIC FINANCIAL BAILOUT

09/24/2008

Major progressive, labor and consumer rights leaders joined forces today to demand important corrections to the Bush administration’s financial rescue proposal despite warnings from the administration’s top economists who got us into this mess.

NEW AD QUESTIONS FINANCIAL BAILOUT WITHOUT CONDITIONS

12/30/1969

WASHINGTON – With people across the country calling for greater oversight of the Bush administration’s proposed $700 billion bailout of the financial markets, a new ad in The New York Times and on several blogs today asks pointed questions that need to be answered before Congress hands the administration massive amounts of taxpayer money and unlimited power. more »