Follow the money: Bailout tracker - CNNMoney.com
CNNMoney.com is tracking developments in the economic rescue as they happen. Click the links to the right or scroll down to find out how much the government is putting on the line. Troubled ASSET RELIEF PROGRAM Financial rescue plan aimed at restoring liquidity to the financial markets Financial rescue plan aimed at restoring liquidity to the financial markets. Federal stimulus programs Programs designed to save or create jobs and jumpstart the economy from recession. American International Group Multifaceted bailout to help insurer through restructuring, minimize the need to post collateral and get rid of toxic assets FDIC bank takeovers Cost to FDIC fund that insures losses depositors suffer when a bank fails. Other financial initiatives Other programs designed to rescue the financial sector Other housing initiatives Other programs designed to rescue the housing market and prevent foreclosures
Lloyd Chapman: Could a Simple Bill Save the World Economy?
The indications that we are heading toward another recession are crystal clear. Markets are plunging, unemployment is soaring and investors, businesses and the general public are losing faith in Washington's ability to stimulate the economy. However, a bill aimed at directing federal infrastructure spending to the middle class could change everything. The Fairness and Transparency in Contracting Act is a very simple bill that will close loopholes and end fraud and abuse in federal small business contracting programs. The legislation focuses on ending the diversion of federal small business contracts to large businesses, a problem preventing the creation of upwards of 1.8 million new jobs. The reason this bill is so powerful is because of the job creating potential of the small business community. But this is not a conspiracy theory. During his 2008 campaign, Barack Obama stated, "It is time to end the diversion of federal small business contracts to corporate giants."
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Top 10 Xbox 360 Games of 2012
Top Xbox 360 Games of 2012 It's the end of the year, and even as we wind down with the best games of the year like Modern Warfare 3, and Skyrim, we look to see what the next year has to offer us and empty our wallets once more. There's no end to great games to look forward to, and 2012 looks like it'll shape up to be just as good as everything this year, though it's certainly hard to top. If you’re anything like us, your to-do list for the next year is already packed full of great games that you just didn’t have time to play. 2011 has been, without question, one of the busiest years in the Xbox 360’s six-year lifespan, especially over the last few months. Alas, there’s no rest for the weary, as 2012 is shaping up to be just as jam packed with huge releases as this year. #10 Mass Effect 3 If the Mass Effect games excel at one thing, it’s scale. For the first time in franchise history, Mass Effect 3 will also be offering multiplayer support. #9 The Witcher 2: Assassins of Kings #1 Halo 4
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