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F R I E N D S O F I N D I A |
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New York Times - National News
Pain Spreads as Credit Vise Grows Tighter
Lenders have become even less willing to part with their money, further crimping budgets and family spending. For Rivals, Finance Crisis Is Posing on-the-Fly Tests The presidential race has turned into an audition for who could best handle a national economic emergency. Drug Label, Maimed Patient and Test for Court At issue is whether plaintiffs have the right to sue when the products that hurt them had met federal standards. After Impasse, New California Budget Agreement California legislative leaders and the governor have come to an agreement on the state budget, which is now roughly three months late. California Bans Texting by Operators of Trains After investigators said an engineer in last week’s collision had been texting on the job, regulators temporarily banned the use of all cellular devices by anyone at the controls of a moving train. Political Memo: Given G.O.P. Predicament, Rangel Opts to Ride Out the Storm Democrats believe that a long list of Republican lawmakers with legal troubles makes it impossible for Republicans to gain much ground on the issues of ethics and good government. Panel Proposes Broad Changes in Federal Financial Aid for College The recommendations included a simpler application, Pell grant maximums linked to the consumer price index and federally financed college savings accounts for children in low-income families. Chicago Unveils Multifaceted Plan to Curb Emissions of Heat-Trapping Gases The blueprint would change the city’s building codes to promote energy efficiency, and it calls for installing huge solar panels at municipal properties and building alternative fueling stations. Vast Bailout by U.S. Proposed in Bid to Stem Financial Crisis Treasury and Fed officials were discussing with leaders in Congress a plan for the government to buy up distressed mortgages. A Bid to Curb Profit Gambit as Banks Fall A backlash against short sellers has begun, with regulators in the U.S. and Britain tightening rules and authorities in New York intensifying investigations. More ...
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