Friday, October 01, 2010

TARP Rodeo 

TARP Bailout to Cost Less Than Once Anticipated

[T]he $700 billion lifeline to banks, insurance and auto companies — will expire after Sunday at a fraction of that cost, and could conceivably earn taxpayers a profit.
But the once-unthinkable possibility that the $700 billion Troubled Asset Relief Program could end up costing far less, or even nothing, became more likely on Thursday with the news that the government had negotiated a plan with the American International Group to begin repaying taxpayers.

A.I.G. Reaches Deal to Repay Treasury and Fed for Bailout

Treasury officials said that as long as A.I.G.’s stock remains above $28.75, they will consider the taxpayers to be in the black on the company’s bailout. The stock closed Thursday at $39.10.

Thursday, September 30, 2010

From a T-P obit of Dr. Herbert Longenecker, former Tulane President:

As it turned out, Dr. Longenecker and Gordon shared a Tulane stage with President Gerald Ford on the night in April 1975 when Ford proclaimed, during what was expected to be a routine speech, that the Vietnam War was "finished as far as America is concerned."

The 5,300 people who had crowded into the muggy fieldhouse burst into sustained applause.

Tuesday, September 28, 2010

"At the age of 14, a Zoroastrian named Vilma ritualistically shaved my testicles." 

Believe me, it's not easy working such references into posts at a serious local news site.

(Refer to last 30 seconds or so of this clip, if you need to.)

Sunday, September 26, 2010

Frustrating losses against archrivals sting less when you're Super Bowl champs 

Hi Five!