Bailout vs. greed and stupidity in Long Term Capital tale
Molly Ivins decries hedge funds and lax regulation. She notes Long Term Capital Management used 2.2 billion in investor capital to borrow 125 billion in securities and faced a 4 billion loss before a 3.5 billion bailout by New York banks led by Goldman Sachs Merrill Lynch UBS JP Morgan. She contrasts this with new bankruptcy means tests for ordinary families and questions systemic incentives.
MENTIONED IN THIS ARTICLE
New York
Richard Stevenson
New York Times
Asia
The
Washington Post
the Times
Federal Reserve Bank of New York
New York Fed
Goldman, Sachs
Merrill Lynch
UBS
Switzerland
J.P. Morgan
Treasury
Congress
Molly Ivins
the Gazette
GOP Fight Over Spending Bills Narrowed by Republicans
In closed sessions GOP leaders moved to drop abortion drug bans and other divisive provisions from must-pass spending bills. They aim to produce signable bills this year while preserving leverage for future bargaining. Abortion drug language and a measure aiding Haitians were among disputed items on the table.
MENTIONED IN THIS ARTICLE
Washington
Republicans
House
Senate
Congress
Clinton
Dick Armey
Texas
Senate Appropriations Committee
Ted Stevens
Alaska
Federal Election Commission
Lawrence Noble
Christian Coalition
Relian Can
GOP
Marcy Kaptur
Ohio
Senate kills sales tax amendment on online commerce
The Senate voted 65-30 to table a proposal letting states require catalog, mail order, and Internet firms to collect sales tax and remit it to the state. Sen. Dale Bump ers argued it would reverse a 1992 Supreme Court decision, while opponents call it a hidden tax increase that never funded. The debate continues as the Internet tax bill seeks a moratorium to prevent a patchwork of taxes amid online growth projected to rise sharply.
MENTIONED IN THIS ARTICLE
Washington
Senate
Dale Bumpers
Supreme Court
Bumpers
D-Ark
Commerce Committee
John McCain
Gazette promotes agriculture with soybean ink and recycled newsprint
The Gazette promotes sustainable agriculture by printing with soybean ink and using recycled newsprint. It encourages readers to drop newspapers at City Carton, 4250 Sixth St. SW, or at the nearest recycling location.
MENTIONED IN THIS ARTICLE
the Gazette
City Carton
Sixth St
Gore lashes out at lawmakers in Las Vegas rally
Vice President Al Gore, addressing about 300 union members in a Las Vegas labor hall, called Congress the worst in history and urged Democrats to win in November to shift focus to education and Social Security. He spoke next at the Stardust Hotel to donors at a $1,000 plate luncheon.
MENTIONED IN THIS ARTICLE
Las Vegas
Congress
al Gore
Gore
Senate
Jan Jones
Nevada
Stardust Hotel
Las Vegas Strip
Also Mentioned on This Page
Federal Commission
Kpmg Peat Marwick
Rapide Gazette
Upsnee
Sosee Eee
Fontee
Ear
Iowa
U.S. Territories
Associated Press
Cedar Rapids
P.O
St. Luke’s Hospital and Visiting Nurse Association
Linn County
Osco
Healthy Linn Care Network
ST. Luke's Hospital
Part E
Center Financial Services
First Ave
Executive Plaza
A-1 Performance All Seasons Golf Array Builders
Coe College
Coldwell Banker
Collins Credit Union
Coralville Center For Performing Arts
Dance of Iowa Department of Parks & Recreation Dodge Association
Ellison Moving
Fin & Feather
Furniture King Gold
Great Furniture Mart
Iowa City
Keepsake
Kenwood
Lebeda Mattress Factory
Lemstone Books
Loma Linda Ozark Resort
Metro Appliances
Northtowne Schwinn
Oaknoll Retirement Co
Schumacher Carpets
Slumberland Smulekoff
Tegeler Design Center
Uesday
University of Iowa Sports
Eeshan International Grocery
Mattress Factory
7Th Ave
Marion
Wiley Bird
1St
Coralville
University Ave
Cedar Falls
JFK
Dubuque
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!