Saturday, 15 January 2011 08:47
'The European Union is moving ahead with plans to shield taxpayers from having to bail out big banks in the future, but there are substantial obstacles to making bondholders share losses.
The EU's executive Commission on Thursday presented plans that could give national regulators the power to force the owners of bank bonds to accept so-called haircuts — a reduction in the amount of money they are owed.
But the Commission stressed that any new bond rules would not affect existing debts — an issue that is closely watched in Ireland, where the government's commitment to guarantee struggling banks' debts pushed the country to the brink of default.'
Saturday, 15 January 2011 08:31
'Bobby and Amanda Herring spent more than a year providing food to homeless people in downtown Houston every day. They fed them, left behind no trash and doled out warm meals peacefully without a single crime being committed, Bobby Herring said.
That ended two weeks ago when the city shut down their "Feed a Friend" effort for lack of a permit. And city officials say the couple most likely will not be able to obtain one. "We don't really know what they want, we just think that they don't want us down there feeding people," said Bobby Herring, a Christian rapper who goes by the stage name Tre9.'
Saturday, 15 January 2011 08:03
'Next week, the U.S. House of Representatives will be voting on a historic repeal of the Obamacare law.
While there are many reasons to oppose this flawed government health insurance law, it is important to remember that Obamacare is also one of the largest tax increases in American history. Below is a comprehensive list of the two dozen new or higher taxes that pay for Obamcare’s expansion of government spending and interference between doctors and patients.'
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