'Clean Coal,' Detentions and Obama's Copter
— online chat by Richard Baker, president of the Managed Funds Association, the leading association for hedge funds: U.S. to Invite The Wealthy To Invest in The Bailout
New Life for 'Clean Coal' Project » Deep inside the economic stimulus package is a $1 billion prize that, in five short words, shows the benefits of being in power in Washington. The funding, for "fossil energy research and development," is likely to go to a power plant in a small Illinois town, a project whose longtime backers include a group of powerful lawmakers from the state, among them President Obama. — Washington Post
U.S. to Invite The Wealthy To Invest in The Bailout » The government is seeking to resuscitate the nation's crippled financial system by forging an alliance with the very outfits that most benefited from the bonanza preceding the collapse of the credit markets: hedge funds and private-equity firms. — Washington Post
Senate Panel Reaches Terms For Probe of CIA Detentions » The Senate intelligence committee reached an agreement yesterday on the framework of a wide-ranging review of the CIA's past treatment of terrorism detainees, even as members acknowledged that the bulk of the panel's work will be conducted in secret. — Washington Post
Political Lobbying Drove FDA Process » The recent approval of a new device to treat knee injuries followed a lobbying campaign that overcame repeated rejections by scientists within the Food and Drug Administration, agency documents show. — Wall Street Journal
Presidential Copter Cost in Rapid Climb » The defense contractor building a fleet of new presidential helicopters has privately advised the Pentagon that its total cost has gone up by at least $1.8 billion in the past year to $13 billion, several government officials said. The development makes the embattled program less likely to be completed. — Washington Post
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