Virginia Right!

These two articles update us on the Botswana Olympic team.  At least two of the five athletes were in a injury scare in this article from the Sunday Standard (note the unusual word in the title; I certainly would not ever use it but they speak British English in Botswana!) The two, men’s 400 meters [...]

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The Washington Post reports today, “In a rare show of bipartisanship, the Senate on Wednesday overwhelmingly approved an amendment to the financial regulatory bill aimed at ensuring that taxpayers never again be on the hook for bailing out collapsed banks and investment firms. The 93 to 5 vote brought together senators as diverse as ultra-liberal Bernard Sanders (I-Vt.) and Richard C. Shelby (R-Ala.), the conservative who co-wrote the amendment with Christopher J. Dodd (D-Conn.), chairman of the Senate banking committee. . . . Their deal . . . centered on a portion of the bill aimed at giving the government power to wind down large, troubled firms without putting taxpayer money at risk. The heart of the agreement was Dodd’s willingness to drop a proposed $50 billion fund, which would be filled upfront by the financial industry, that would cover the cost of closing down failing firms. Republicans had criticized the provision as a ‘bailout fund’ that could encourage financial firms to act recklessly, knowing the fund was in place.”

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