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<title>Money &amp; Politics - BusinessWeek</title>
<link>http://www.businessweek.com/blogs/money_politics/</link>
<description>Stay up-to-date on the latest US politics and White House news. Read about Federal Agencies, financial regulation, housing &amp; more in the politics blog.</description>
<language>en</language>
<copyright>Copyright 2009</copyright>
<lastBuildDate>Tue, 24 Nov 2009 07:51:13 -0500</lastBuildDate>
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<docs>http://blogs.law.harvard.edu/tech/rss</docs> 


<item>	
	<title>New Health Care Poll Looks At Swing Districts</title>
	<description><![CDATA[<p>Opinion polls on health care reform keep piling up, and most of them show the public's deep ambivalence, if not rejection, of the House and Senate bills on the table. But a new survey of residents in key battleground congressional districts found that support for reform can go way up if people are asked their opinion of specific proposals that might either save money or improve care. </p>

<p>The poll, sponsored by a pro-reform coalition of business and labor unions called <a href="http://www.americasagenda.org/">America's Agenda</a>, sought out likely voters in Congressional districts where represenatives are could face tough opposition in the next election, as well as those represented by conservative Democrats, often called <a href="http://www.house.gov/melancon/BlueDogs/index.html">"Blue Dog" Democrats</a>. It found that only 36% of these moderate-to-conservative voters favor current reform proposals (28% strongly), with 38% opposed (30% strongly) and 26% undecided. </p>

<p>But then the pollsters asked voters if they would  support a reform bill that required that teams of doctors and nurses work together to coordinate all of patient's health care needs, particularly for those with chronic diseases. Under that scenario, 57% of voters in Blue Dog<br />
districts and 70% of voters in swing Republican districts would be in favor of a health care reform.</p>

<p>It's a bit of a trick question, since neither the House and Senate bills include any meaningful incentives to encourage such coordinated care, often referred to as the <a href="http://www.businessweek.com/magazine/content/09_27/b4138034173005.htm">patient centered medical home</a>. Though the concept holds great favor among health care experts, the current fee-for-service payment structure, which rewards doctors for the quantity of services rendered, works against the medical home. There is also the lack of widespread implementation of electronic health records that are almost a necessity for coordinated care. Add in the fact that 83% of primary care practitioners are not tied into a network of care givers--in fact, half are in single-doctor practices--and coordinated care appears a long way off. </p>

<p>Still, the survey does show that people might show greater support for a reform bill that focused on improving care and making the system more cost-efficient, rather than just figuring out how to cover the uninsured. While such proposals as mandating that citizens buy insurance without providing a public financed option, or taxing high-coverage "Cadillac" plans, typically poll very low, reform proposals that improve care, even if it means dramatic changes in the existing delivery system, are usually quite popular. "People are saying I can support reform. They really do want the reform agenda to focus on care improvement and chronic care and team care," says George Halvorson, CEO of managed care provider <a href="https://www.kaiserpermanente.org/">Kaiser Permanente</a>. Kaiser is one of the nation's largest practitioners of coordinated care, and a member of America's Agenda.</p>

<p>Congress doesn't seem to be listening, however, since the current bills do little to reduce costs and nothing to change the delivery system, other than fund a few pilot projects. A <a href="http://www.rasmussenreports.com/public_content/politics/current_events/healthcare/september_2009/health_care_reform">Rasmussen Reports poll</a> released this week found that just 38% of American voters favor the Democratic health care plan against 56% who are opposed. A <a href="http://www.google.com/hostednews/ap/article/ALeqM5gSXIViw_RWvU3uweKkhKfhAVGgqgD9C5MHO04">Robert Wood Johnson poll</a> was more positive, but did point out that Americans are pretty conflicted over what health care reform would mean for them:</p>

<blockquote>Asked how the health care overhaul would affect their own access to medical care, 57 percent said it would stay the same. Similarly, 61 percent said their personal financial situation would stay about the same. Among those who do expect a change, 28 percent said they thought their access to care would get worse, while 15 percent said they thought it would improve. On finances, 27 percent said they thought the health care bill would make them worse off financially, while 12 percent expected an improvement.</blockquote>

<p>Meanwhile, here are the results of five other polls on health care reform released in the last week:</p>

<p>•	Fox -        Favor 35% Oppose 51% <br />
•	Quinnipiac - Favor 35% Oppose 51%<br />
•	CBS News -   Favor 40% Oppose 45%<br />
•	CNN -        Favor 46% Oppose 49%<br />
•	PPP -        Favor 40% Oppose 52%<br />
(Source: <a href="http://www.pollster.com/polls/us/healthplan.php">pollster.com</a>. Polls taken November 13 to 18)</p>

<p>Congress might want to take another look at the medical home model if it wants to win support.</p>]]></description>
	<link>http://www.businessweek.com/blogs/money_politics/archives/2009/11/new_health_care.html</link>
	<guid>http://www.businessweek.com/blogs/money_politics/archives/2009/11/new_health_care.html</guid>
	<dc:creator>Cathy Arnst</dc:creator>
	<category>Healthcare</category>
	<pubDate>Tue, 24 Nov 2009 07:51:13 -0500</pubDate>
</item>

<item>	
	<title>Congress Threatens Fed Oversight, Markets Watch Warily</title>
	<description><![CDATA[<p>On Capitol Hill, it's almost like open season on the Federal Reserve: Lawmakers are threatening to diminish its regulatory powers, lay bare its books, and let the government pick more of the top officials now named by boards dominated by bankers and corporate executives. Critics worry the proposals could drive down the dollar and undermine confidence in the U.S. as an economic bastion if they pass.</p>

<p>And yet, that's a big if, analysts say. </p>]]></description>
	<link>http://www.businessweek.com/blogs/money_politics/archives/2009/11/congress_threat.html</link>
	<guid>http://www.businessweek.com/blogs/money_politics/archives/2009/11/congress_threat.html</guid>
	<dc:creator>Theo Francis</dc:creator>
	<category>Financial regulation</category>
	<pubDate>Mon, 23 Nov 2009 18:45:50 -0500</pubDate>
</item>

<item>	
	<title>3D Media Walls: From the Oil Patch to the Research Lab</title>
	<description><![CDATA[<p>For the last decade or so, energy companies have much-reduced the risk they face in the oil patch through the use of 3D technology. Rather than blindly drilling underground on the basis of little more than sonic data transferred into lines on long sheets of paper, the companies have been able to project 3D images of a subterranean reservoir onto a screen, snap on some fancy glasses, and figuratively walk through an oilfield, picking precisely where to drill.</p>

<p>Now the companies responsible for this technology are branching out. Companies like Norway's Cyviz, Belgium's Barco and Canada's Christie Digital are marketing 3-D "media walls" to militaries, to pharmaceutical companies, to aerospace companies, and more. Pharmaceutical researchers based in offices around the world can simultaneously, for instance, make a close examination of the molecular structure of a virus, and figure out strategies for attacking it. The companies are hot competitors in Washington, D.C., at the moment, vying for the business of government agencies.</p>

<p>I asked Washington-based Cyviz executive Jeff Eisenhard to talk about the technology.</p>

<p><object width="360" height="353"><param name="movie" value="http://www.youtube.com/v/uubf_CDpMHI&color1=0xb1b1b1&color2=0xcfcfcf&hl=en&feature=player_embedded&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowScriptAccess" value="always"></param><embed src="http://www.youtube.com/v/uubf_CDpMHI&color1=0xb1b1b1&color2=0xcfcfcf&hl=en&feature=player_embedded&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="360" height="353"></embed></object></p>]]></description>
	<link>http://www.businessweek.com/blogs/money_politics/archives/2009/11/3d_media_walls.html</link>
	<guid>http://www.businessweek.com/blogs/money_politics/archives/2009/11/3d_media_walls.html</guid>
	<dc:creator>Steve LeVine</dc:creator>
	<category>technology</category>
	<pubDate>Mon, 16 Nov 2009 16:04:01 -0500</pubDate>
</item>

<item>	
	<title>How the Health Care Bill Could Hurt Renewable Power</title>
	<description><![CDATA[<p>Health care and solar power seem to be worlds apart. Yet the massive health care bill could cast a pall on renewable energy.</p>

<p>How? The link is an obscure tax provision in the House version of the health care bill, explains tax attorney Jerome Breed, a partner at Bryan Cave LLP. The provision actually has nothing to do with health care either—its purpose is to raise revenue.</p>

<p>The provision centers around the idea of “economic substance.” It puts into legislation the idea that a transaction (such as putting solar panels on a business) has to have some economic substance (i.e. an economic return) to be eligible for a tax credit. In the case of solar panels, the federal government offers a tax credit of 30% of the cost of systems business owners or investors install. But what if the return is mostly in the tax credit—so that the owener or investor really doesn't get any other economic benefit? “It’s not clear if, when you take away the effect of the credit, there has been a meaningful change in their economic position,” explains Breed. So if an economic substance requirement passed, the owner or investor would no longer be eligible for the tax credit. </p>

<p>Renwables power isn’t the only industry that could get hit by this provision. The economic substance doctrine would also make it harder to use the low income housing tax credit, the credit for rehabbing historical buildings, and others, says Breed.</p>

<p>Why is the provision in the bill at all? It’s a revenue raiser. The House expects to get about $5.4 billion, mostly from penalties levied from transactions that don’t meet the economic substance test. The provision is also supposed to discourage people from entering into transactions that don’t result in economic substance, thus preventing tax money for being used for dubious purposes.</p>

<p>Clearly, some sort of provision disallowing dubious transactions is needed. Otherwise, “there could be fraud,” says Breed. “Someone could claim tax credit for building 1000 solar panels in the desert that don’t exist, or could claim that the panels cost $1 million when they only cost $100,000. So it’s appropriate to protect against that type of transaction.”</p>

<p>The worry is, though, that a blanket prohibition against transactions without economic substance will also knock out many legitimate transactions. Tax lawyers have been meeting with the Joint Committee on Taxation to push for a compromise position, so far without success.<br />
</p>]]></description>
	<link>http://www.businessweek.com/blogs/money_politics/archives/2009/11/how_the_health.html</link>
	<guid>http://www.businessweek.com/blogs/money_politics/archives/2009/11/how_the_health.html</guid>
	<dc:creator>John Carey</dc:creator>
	<category>Energy &amp; Climate</category>
	<pubDate>Mon, 16 Nov 2009 15:56:52 -0500</pubDate>
</item>

<item>	
	<title>Union Workforce Increasingly Female, Diverse</title>
	<description><![CDATA[<p>By Moira Herbst</p>

<p>The U.S. union workforce is increasingly female, Asian or Latino, and more highly educated, according to a study released today by the non-profit Center for Economic and Policy Research in Washington, D.C.</p>

<p>The report, <a href="http://www.cepr.net/index.php/publications/reports/changing-face-of-labor/">“The Changing Face of Labor, 1983-2008,"</a> chronicles the demographic shift that’s taken place over the past 25 years among union members. It underscores that new forces will continue to shape the political agendas of labor unions, which played a key role in get-out-the-vote operations in Presidential elections. </p>

<p>“The view that the typical union worker is a white male manufacturing worker may have been correct a quarter of a century ago, but it’s not an<br />
accurate description of those in today's labor movement,” said John Schmitt, senior economist at CEPR and an author of the report. “The unionized workforce is changing with the country.”</p>]]></description>
	<link>http://www.businessweek.com/blogs/money_politics/archives/2009/11/union_workforce.html</link>
	<guid>http://www.businessweek.com/blogs/money_politics/archives/2009/11/union_workforce.html</guid>
	<dc:creator>Dan Beucke</dc:creator>
	<category></category>
	<pubDate>Tue, 10 Nov 2009 12:49:57 -0500</pubDate>
</item>

<item>	
	<title>Doctor Survey: US Health System Lags on Access, Quality</title>
	<description><![CDATA[<p>Another <a href="http://www.commonwealthfund.org/Content/Publications/In-the-Literature/2009/Nov/A-Survey-of-Primary-Care-Physicians.aspx">survey out today</a> blows holes in the oft-repeated claim that the  U.S. has the best health care in the world. The survey, of 10,000 primary care doctors in 11 wealthy nations, found that American patients are far more likely to lack access to medical treatment because of insurance restrictions or cost, despite the fact that the U.S. spends twice as much per capita on health care as any other developed nation.</p>

<p>All told, 58% of U.S. doctors said their patients often have difficulty paying for medications and other medical care, compared with 5% to 37% in the other countries surveyed. In addition, U.S. doctors are less likely than those in the other countries surveyed to offer care outside of regular office hours, and are far, far behind several other nations in the use of electronic health records that could reduce errors.</p>

<p>The survey, conducted by the nonprofit <a href="http://www.commonwealthfund.org/">Commonwealth Fund</a>, questioned 10,000 doctors in Australia, Canada, France, Germany, Italy, the Netherlands, New Zealand, Norway, Sweden, Britain and the U.S. between February and July of this year. </p>

<p>The U.S. spent $7,290 per person on health care in 2007 -- more than double the expenditures by Britain, France and Germany -- with no meaningful edge in the quality of care on a number of measures, according to the Organization for Economic Cooperation and Development. The UN ranks France the best in the world for health care.</p>

<p>The Commonwealth Fund concludes:</p>

<blockquote>Despite spending more on health care than other countries, an international survey finds the United States lags behind on important measures of access, quality, and use of health information technology. There are opportunities to learn as other countries move ahead to enhance the primary care foundations of their health care systems. </blockquote>]]></description>
	<link>http://www.businessweek.com/blogs/money_politics/archives/2009/11/doctor_survey_u.html</link>
	<guid>http://www.businessweek.com/blogs/money_politics/archives/2009/11/doctor_survey_u.html</guid>
	<dc:creator>Cathy Arnst</dc:creator>
	<category>Healthcare</category>
	<pubDate>Thu, 05 Nov 2009 09:10:34 -0500</pubDate>
</item>

<item>	
	<title>Home Builders Poised for Windfall Thanks to Change in Tax Rule</title>
	<description><![CDATA[<p>Yesterday, we posted a story <a href="http://www.businessweek.com/bwdaily/dnflash/content/nov2009/db2009112_750850.htm ">on potential changes in the net-operating loss carryback rules</a> that would allow firms of any size to get a significant tax break to offset losses they experienced since the onset of the financial crisis. The rule change comes as part of a bill that would extend unemployment compensation and is likely to pass the Senate and House by week’s end. </p>

<p>A study by the National Bureau of Economic Research claims that extending the carryback period from two years to five years as proposed in the legislation would prove to be a $34 billion financial windfall for corporate America (most major banks are excluded from receiving the tax benefits because firms that received TARP money do not qualify). </p>

<p><br />
</p>]]></description>
	<link>http://www.businessweek.com/blogs/money_politics/archives/2009/11/homebuilders_po.html</link>
	<guid>http://www.businessweek.com/blogs/money_politics/archives/2009/11/homebuilders_po.html</guid>
	<dc:creator>Brian Burnsed</dc:creator>
	<category>Law</category>
	<pubDate>Tue, 03 Nov 2009 17:42:39 -0500</pubDate>
</item>

<item>	
	<title>U.S. Medical Prices Highest In the World</title>
	<description><![CDATA[<p>There is a <a href="http://voices.washingtonpost.com/ezra-klein/IFHP%20Comparative%20Price%20Report%20with%20AHA%20data%20addition.pdf">set of charts</a> flying around the policy blogosphere today that starkly illustrates why the U.S. devotes almost 18% of its gross domestic product to health care spending, while other wealthy nations spend no more than 10% or 11%: Because we pay far, far more per unit of care than any other country. </p>

<p>The 36-page document was put together in September by the <a href="http://www.ifhp.com/">International Federation of Health Plans</a>, which represents 100 insurers in 31 countries. It consists of a number of charts that show the difference between what the U.S. pays for any number of medical services, and what other industrialized countries pay. </p>

<p><img alt="doctorvisit.jpeg" src="http://voices.washingtonpost.com/ezra-klein/doctorvisit.jpeg"/> </p>

<p><img alt="ctprices-thumb-454x324.jpeg" src="http://voices.washingtonpost.com/ezra-klein/assets_c/2009/11/ctprices-thumb-454x324.jpeg"/> </p>

<p><img alt="Lipitor-thumb-454x314.jpeg" src="http://voices.washingtonpost.com/ezra-klein/assets_c/2009/11/Lipitor-thumb-454x314.jpeg"/> </p>]]></description>
	<link>http://www.businessweek.com/blogs/money_politics/archives/2009/11/us_medical_pric.html</link>
	<guid>http://www.businessweek.com/blogs/money_politics/archives/2009/11/us_medical_pric.html</guid>
	<dc:creator>Cathy Arnst</dc:creator>
	<category>Healthcare</category>
	<pubDate>Mon, 02 Nov 2009 15:57:57 -0500</pubDate>
</item>

<item>	
	<title>White House Debates Ideas on Jobs, Economy</title>
	<description><![CDATA[<p>It's a busy, busy day at the White House on the economic front. With sky-high joblessness still a big economic and political problem, the President and his economic advisors will spend a big chunk of the day trying to come up with more effective solutions. </p>

<p>First, the president is meeting for the board of outside advisors -- known as the the President’s Economic Recovery Advisory Board (PERAB) -- he named soon after taking office. This will be the second meeting of the PERAB, whose outside members include GE CEO Jeff Immelt, AFL-CIO head Richard Trumka and Robert Wolf, the head of UBS Group America. Former Fed Chairman Paul Volcker heads the group; a full list of attendees is below.</p>

<p>According to the White House, the idea is to discuss "long-term, innovation based ideas to sustain growth and continue to create jobs of the future." The meeting, which will take place in the Roosevelt Room, starts at 11:10 and is being streamed on www.whitehouse.gov/live. </p>

<p>And that's just a start. In the afternoon, starting at 2 PM, the President's full economic team will be attemding a meeting of the National Economic Council led by NEC head Larry Summers. They, too, will be mulling over the state of the economy and debating Administration efforts to create new jobs and put the country on the path to sustainable, long-term growth.  </p>

<p>Both meetings have an all star roster. Summers's NEC meeting will include Domestic Policy advisor Melody Barnes, Office of Energy and Climate Change Director Carol Browner, Chief Technology Officer Aneesh Chopra, Energy Secretary Steven Chu, HUD Secretary Shaun Donovan, Export-Important Bank Chairman Fred Hochberg, EPA Administrator Lisa Jackson, Senior Advisor Valerie Jarrett, NSC Director James Jones, U.S. Trade Representative Ron Kirk, Chief of Staff to the Vice President Ron Klain, Commerce Secretary Gary Locke, SBA Administrator Karen Mills, OMB Director Peter Orszag, Interior Secretary Ken Salazer, HHS Secretary Kathleen Sebelius, Labor Secretary Hilda Solis, and Agriculture Secretary Tom Vilsack. </p>

<p>The PERAB meeting, chaired by Volcker, features a host of prominent insiders and outsiders as well. Board members include Anna Burger, Chair, Change to Win; John Doerr, Partner, Kleiner, Perkins, Caufield & Byers; William H. Donaldson, Former Chairman, SEC; Roger W. Ferguson, Jr., President & CEO, TIAA-CREF; Mark T. Gallogly, Founder & Managing Partner, Centerbridge Partners L.P.; Timothy Geithner, Secretary of the Treasury; Austan Goolsbee, Staff Director and Chief Economist; Jeff Immelt, Chairman & CEO, GE; Monica C. Lozano, Publisher & Chief Executive Officer, La Opinion;      Charles E. Phillips, Jr., President, Oracle Corporation;        Penny Pritzker, Chairman & Founder, Pritzker Realty Group;         Larry Summers, Director of the National Economic Council;         David F. Swensen, Chief Investment Officer, Yale University;         Richard L. Trumka, President, AFL-CIO; Paul Volcker, Chairman;      Robert Wolf, Chairman & CEO, UBS Group Americas. There are a few other administration attendees as well, including David Axelrod, Special Advisor to the President; Carol Browner, Office of Energy and Climate Change Director; Rahm Emanuel, Chief of Staff;         Valerie Jarrett, Senior Advisor to the President and Director of Inter-governmental Affairs </p>

<p> </p>

<p></p>

<p> </p>]]></description>
	<link>http://www.businessweek.com/blogs/money_politics/archives/2009/11/white_house_deb.html</link>
	<guid>http://www.businessweek.com/blogs/money_politics/archives/2009/11/white_house_deb.html</guid>
	<dc:creator>Jane Sasseen</dc:creator>
	<category>Economics</category>
	<pubDate>Mon, 02 Nov 2009 11:36:24 -0500</pubDate>
</item>

<item>	
	<title>Exxon&apos;s Latest Quarter Signals A Turn to Natural Gas</title>
	<description><![CDATA[<p>Today's message from Exxon: Think, value, embrace natural gas.</p>

<p>The world's largest publicly traded oil company reported its third-quarter earnings today, and -- apart from its <a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=axCksMDZ6t7Q">missed profit numbers</a> -- natural gas is the most significant story.</p>

<p>It's been clear for a year or more that Exxon -- along with most of Big Oil -- is becoming more of a natural gas-led company than a dominant oil play. That's significant because generally oil earns a lot more money by volume than natural gas. But since accessible conventional oil is in shorter and shorter supply -- at least at economical-to-produce costs -- Big Oil is making a virtue of the necessity of turning to natural gas for replenishing its reserve base.</p>]]></description>
	<link>http://www.businessweek.com/blogs/money_politics/archives/2009/10/exxons_latest_q.html</link>
	<guid>http://www.businessweek.com/blogs/money_politics/archives/2009/10/exxons_latest_q.html</guid>
	<dc:creator>Steve LeVine</dc:creator>
	<category>Oil</category>
	<pubDate>Thu, 29 Oct 2009 16:44:01 -0500</pubDate>
</item>

<item>	
	<title>Pelosi Moves House Health Care Reform Bill</title>
	<description><![CDATA[<p>Congress moved another step closer to health care reform today, with the release by Speaker Nancy Pelosi (D-Calif) of a combined <a href="http://www.politico.com/news/stories/1009/28884.html">House bill</a> that merged together key aspects of the three bills that had passed the House in the summer. The bill -- which came in at a whopping 1990 pages - contained a few significant changes, though no great surprises. Perhaps the most notable thing about it: even as Senate Majority Leader Harry Reid (D-Nev)surprised Washington earlier in the week by announcing that <a href="http://www.businessweek.com/technology/content/oct2009/tc20091026_153927.htm">the Senate bill </a>would be more liberal than many expected, Pelosi has been forced to push the House bill in a more moderate direction. </p>

<p>While Reid won plaudits from unions and the left of his party by pledging to include a public insurance plan that states can opt out of in the Senate bill, Pelosi backed down on her efforts to include the most aggressive plans for a public option in the House bill. For weeks, she had been pushing for a "robust" public option that would reimburse hospitals and doctors at Medicare rates. But conservative Blue Dogs and others from rural states would have none of it: they insisted that they would only support a public insurance option if it negotiates rates with health care providers like any private insurer. </p>]]></description>
	<link>http://www.businessweek.com/blogs/money_politics/archives/2009/10/pelosi_moves_ho.html</link>
	<guid>http://www.businessweek.com/blogs/money_politics/archives/2009/10/pelosi_moves_ho.html</guid>
	<dc:creator>Jane Sasseen</dc:creator>
	<category>Healthcare</category>
	<pubDate>Thu, 29 Oct 2009 15:42:45 -0500</pubDate>
</item>

<item>	
	<title>The FDIC&apos;s Sheila Bair: &quot;There Will Be Losses&quot;</title>
	<description><![CDATA[<p>By our colleague Chris Palmeri </p>

<p>FDIC Chief Sheila Bair spoke at the Town Hall Los Angeles this morning, sharing her thoughts on financial markets and some of the policy issues she faces as one of the nation’s top banking authorities. Formerly a professor of regulatory affairs at the University of Massachusetts, Bair speaks in a rapid fire style. So I’ll put her comments in bullet points.</p>

<p><br />
<strong>On the economy as a whole</strong><br />
Bair said the Administration was winding down some of the emergency programs introduced in the wake of the crisis such as the TARP funding. “Things are getting better,” she said. “It’s time for government to get out and let the markets work.” </p>

<p><strong><br />
They’ll be more bad news though.</strong><br />
“Banking is a lagging indicator. They’ll go through the process of cleaning up their balance sheets for at least two quarters past the end of the recession.” There are now 416 trouble banks, 106 that have failed this year. Bair said banks will see $100 billion in losses over the five year period beginning in 2008. About $60 billion has been recognized already. </p>]]></description>
	<link>http://www.businessweek.com/blogs/money_politics/archives/2009/10/the_fdics_sheil.html</link>
	<guid>http://www.businessweek.com/blogs/money_politics/archives/2009/10/the_fdics_sheil.html</guid>
	<dc:creator>Jane Sasseen</dc:creator>
	<category></category>
	<pubDate>Thu, 29 Oct 2009 14:16:01 -0500</pubDate>
</item>

<item>	
	<title>Expanded Home Buyer Tax Credit Likely</title>
	<description><![CDATA[<p>From our colleague Prashant Gopal:</p>

<p>It’s increasingly likely that Congress will extend and expand the popular home buyer tax credit, which will expire next month. CNN.com reported today that a compromise proposal based on bills that have already been introduced could pass the Senate as early as this week (assuming that it is attached to a bill to extend unemployment benefits). </p>

<p>The compromise bill would likely open the program to some existing homeowners. The expiring tax credit is limited to buyers who have not owned a home for at least two years.</p>]]></description>
	<link>http://www.businessweek.com/blogs/money_politics/archives/2009/10/expanded_home_b_1.html</link>
	<guid>http://www.businessweek.com/blogs/money_politics/archives/2009/10/expanded_home_b_1.html</guid>
	<dc:creator>Jane Sasseen</dc:creator>
	<category></category>
	<pubDate>Wed, 28 Oct 2009 18:15:19 -0500</pubDate>
</item>

<item>	
	<title>GMAC Shows Limits of Resolution, Systemic Risk Proposal</title>
	<description><![CDATA[<p>The talk about a <a href="http://online.wsj.com/article/SB125668489932511683.html?mod=rss_Today%27s_Most_Popular" target="blank">third bailout for GMAC</a> couldn't come at a much more awkward time for the Administration or Rep. Barney Frank (D-Mass.): They have just unveiled a <a href="http://www.house.gov/apps/list/press/financialsvcs_dem/presstitleone_102709.shtml" target="blank">package of regulatory reforms</a> billed as the toolbox for solving the "too big to fail" conundrum. </p>

<p>Unfortunately, GMAC highlights its weak point all too clearly.</p>

<p>That's not to say that the proposed legislation is useless. Even critics of the approach tend to agree that the federal government needs to do a better job of watching for financial-sector risks that could shake the economy, and needs better tools to do that, as well as to dismantle big and complex firms before they threaten serious harm. Systemic-risk monitoring and resolution authority are by most accounts badly needed.</p>

<p>But in the end, the question isn't just whether the government is vigilant enough, or has the right tools at hand, but also whether it will have the political will to use them -- and to stick out the consequences. That's where GMAC comes in.<br />
</p>]]></description>
	<link>http://www.businessweek.com/blogs/money_politics/archives/2009/10/gmac_shows_limi.html</link>
	<guid>http://www.businessweek.com/blogs/money_politics/archives/2009/10/gmac_shows_limi.html</guid>
	<dc:creator>Theo Francis</dc:creator>
	<category>Financial regulation</category>
	<pubDate>Wed, 28 Oct 2009 13:47:21 -0500</pubDate>
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<item>	
	<title>Obama&apos;s Office: A Man&apos;s World?</title>
	<description><![CDATA[<p>By Cathy Arnst</p>

<p>A bit of a brouhaha erupted recently over <a href="http://www.politico.com/politico44/perm/1009/about_that_game_e1da9d4d-27ba-4b2a-83e5-d7e1f982edd6.html">basketball games at the White House</a>. Seems President Barack Obama likes to unwind over a friendly game of basketball, and invites a rotating squad of high-level Washington power brokers to join him on the White House court. All of them, of course, are men, a growing point of contention in the <a href="http://www.huffingtonpost.com/amy-siskind/is-obama-uncomfortable-ar_b_322267.html">feminist blogosphere.</a></p>

<p>I can already hear the groans from many readers, who likely think this is just a bunch of angry women getting their knickers in a twist over some minor male/female difference. I might have thought the same, except for an image that stopped me short while reading a front page story in the New York Times about the controversy, headlined <a href="http://www.nytimes.com/2009/10/25/us/politics/25vibe.html?hp">"Man's World At White House? No Harm, No Foul, Aides Say."</a></p>]]></description>
	<link>http://www.businessweek.com/blogs/money_politics/archives/2009/10/obamas_office_a.html</link>
	<guid>http://www.businessweek.com/blogs/money_politics/archives/2009/10/obamas_office_a.html</guid>
	<dc:creator>Dan Beucke</dc:creator>
	<category>Obama</category>
	<pubDate>Sun, 25 Oct 2009 20:09:48 -0500</pubDate>
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