WHAT '44' EDITOR GARANCE FRANKE-RUTA IS READING TODAY»
Treasury Overpaid for Bank Assets in Bailout, Oversight Panel SaysWashington Post | A congressional oversight panel reports today that "the Treasury under the federal bailout had invested $254 billion into companies but the preferred stock it got in return had a market value at the time of only $176 billion, or 69 percent of what the government paid."
As Layoffs Surge, Women May Pass Men in Job ForceNew York Times | In a story that may mitigate women's groups concerns that the stimulus bill's emphasis on infrastructure development will benefit primarily male workers, the Times reports, "a full 82 percent of the job losses have befallen men, who are heavily represented in distressed industries like manufacturing and construction." Recession to change gender roles? Stay tuned.
States' Jobless Funds Run Low Wall Street Journal | Can jobless men keep going? With 4.8 million people collecting unemployment -- the largest number in 40 years of tracking -- state unemployment-insurance trust funds are running low, and seven states have already had to turn to the feds to keep up with payouts.