Bear Stearns bailout fuels debate on broader rescues
Washington debates whether government bailouts are justified as the economy ebbs. The Bear Stearns rescue and JP Morgan deal raise pressure for measures aiding homeowners and workers, with Clinton and Obama calling for direct aid, McCain urging caution, and Congress weighing broader regulatory and tax changes amid past bailouts and crises.
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Bear Stearns
Congress
Federal
Stanley Collender
Fed
Callender
Qervis Communications
Hillary Rodham Clinton
Barack Obama
John McCain
Clinton
Obama
McCain
Airlines delay dozens as wiring inspections continue
American Airlines canceled 132 flights and Delta began re inspecting 117 MD-88s as FAA and American auditors push a safety review. American aims to finish most inspections by tomorrow, with many aircraft already checked. Delta planned completion by Saturday and warned of heavy hub volumes at Hartsfield Jackson Atlanta.
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Dallas
American Airlines
Delta Air Lines
American
Tin Wagner
Fort Worth
Delta
Federal Aviation Administration
FAA
Wagner
Hartsfield-Jackson Atlanta International
Chris Kelly
Transportation Security Administration
Kelly
Housing market weak as spring demand fades across majors
January price declines dominated major cities while existing home sales rose 2.9 percent in February. Analysts doubt a sustained rebound due to high unsold inventory, 9.8 months at February pace, and tight loan standards. Northeast and Midwest posted sales drops, while the South and West rose. Wall Street growth fears followed with the Dow slipping 109.74 to 12,422.86. Builder traffic rose in model homes, yet sales lagged.
MENTIONED IN THIS ARTICLE
Northeast
Midwest
Wall Street
Dow Jones
David Seiders
National Association of Home Builders
Mental Health Contract Approved in Franklin County
Commissioner Ed Taylor said Rep. Bill Feuerborn is work to restore funding as the board approves a contract with the Layton Center to deliver the county’s community mental health services under the local mill levy.
MENTIONED IN THIS ARTICLE
Ed Taylor
Rep
Bill Feuerborn
Layton Center
Franklin County
Sampson to Retire After Long Service at AMH
Sampson, praised by Felix for his cheerful work ethic, will have his last day Monday after many nights and days on the job. His wife Kitty, an AMH volunteer, also earns credit for her support. He plans gardening and occasional travel with continued part time work.
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Nior
Washington
Brookings Institution
Galston
Bush
The
Economic Club of New York
Fed
Ben Bernanke
Treasury
Henry Paulson
Bernanke
Felix
Sampson
Kitty
AMH
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Indiana Rd
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Richard Reed Sale Rep
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