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States face hard choices as budgets dry up
Californians don't see much evidence that the worst economic contraction since the Great Depression is coming to an end. Unemployment was 12.4 percent in May, 2.7 percentage points higher than the national rate. Lawmakers gridlocked over how to close a $19 billion budget gap are weighing the termination of the main welfare program for 1.Banks put delay-and-pray tactic to the test
Delay-and-pray. For much of this year that was the strategy for banks when it came to the reserves they set aside to cover souring loans. Now, third-quarter earnings might show whether this gambit is paying off. Most banks let reserves for loan losses dwindle as a percentage of non-performing assets, mostly past-due loans, on a bet that growth of dud loans would slow.D.C. lawyer steps into exec pay political storm
Kenneth R. Feinberg, who mediated disputes over compensation for damages from the Sept. 11 attacks and Agent Orange, must now separate bankers from their paychecks. Feinberg, named Wednesday as the Obama administration's "special master" on executive pay, will have authority to regulate compensation for 175 executives at seven companies that received "exceptional" government help.View more book results for the query "*"
Jury Lets Ford Off Hook in Explorer Rollover Suit
Richmond [email protected] on both sides of Vittorio and Rosanna DiMaso's product liability case against Ford Motor Co. fought ferociously for leverage under a 2003 U.S. Supreme Court decision urging moderation in punitive damages.They fought needlessly, as it turned out. Jurors returned defense verdicts on all counts, after listening to a month-long trial before Cobb Superior Court Judge Toby B.Gays, lesbians say Bowers doesn't merit honor by bar
GEORGIA'S GAY and lesbian bar association is protesting the Atlanta Bar Association's decision to honor former Georgia Attorney General Michael J. Bowers with its prestigious annual leadership award. In a Sept. 12 letter, Stonewall Bar Association President Lori Surmay asked Atlanta Bar President Richard Blum Herzog Jr.Trending Stories
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