Why do men in power — the ones on pedestals — think they are above us and can get away with cheating on their spouses, particularly when media scrutiny is so intense and peccadilloes are arguably more politically damaging than in the past?
American International Group Inc. said Thursday it will reduce outstanding federal loans by $25 billion by giving the government a preferred stake in two units that will be spun off from the insurance giant.
President Barack Obama extended both a sharp stick and an olive branch to critics of his far-reaching plan to overhaul the nation's health care system Tuesday, openly ridiculing those who attacked his proposal for an optional government insurance plan but also leaving the door open to compromise.
Citigroup Inc. is increasing base salaries for many of its employees — reportedly by as much as 50 percent for some workers — as it restructures its compensation program amid new restrictions on bonus payments.
With signs the economy is improving but still fragile, Federal Reserve policymakers are considering whether some programs intended to drive down rates on mortgages and other consumer debt should be slowed down.