If anyone doubted that we live in an interconnected and globalized world, the swiftness with which the financial crisis in the United States spread to the rest of the developed world should eliminate those doubts. In ordinary times, a globalized world...
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Treasury won’t release the official tally until later this month, but the Congressional Budget Office puts the deficit for the fiscal year that ended Sept. 30 at a record $438 billion. This is worse than anybody thought, $30 billion more than CBO’s...
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The Bush administration has suffered another significant setback in its long series of court defeats over its handling of prisoners in the war on terror.A federal judge has ordered the immediate release of 17 Uighurs, Chinese Muslims, held at Guantanamo...
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Gov. Rod Blagojevich’s foray into health care dictatorship is going to cost a lot of money — for pharmacists.The Illinois Department of Healthcare and Family Services is reportedly informing pharmacists that they will have to eat the costs...
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The most visible — and, because of that visibility, the most criticized — government program is public education. Although it’s a tradition in this country, public education isn’t the only game in town. Private schools of all kinds...
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If there were any doubts the House would pass the revised $700 billion bailout package, they were quickly resolved when the unemployment figures for September came out in advance of the vote.The rate was unchanged at 6.1 percent, but that masked the real...
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Gov. Rod Blagojevich seems determined to go ahead with his plan to close a state prison, even though an independent study shows the closure would be a mistake.The Department of Corrections spent more than $400,000 for the study, but after sitting on the...
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Few political events in recent times were as thrilling as on Monday, when a majority of the House listened to their constituents instead of the potential welfare recipients on Wall Street and the fear-mongers inside the Beltway and turned down the $700...
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The nation’s housing and financial difficulties are largely a result of home loans made to borrowers who wouldn’t have qualified if they had to meet more conventional, tougher and safer standards. Those standards were tossed out under pressure...
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In all the market wildness and the efforts to come up with a fix, an Illinois story of potentially great significance was pushed to the side:Tony Rezko might be singing.Chicago reporters noticed that Antoin “Tony” Rezko has been quietly visiting...
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