Fred Harteis News & Articles

Fred Harteis News Articles- President Obama will announce tough new nationwide rules for automobile emissions and mileage standards on Tuesday, embracing standards that California has sought to enact for years over the objections of the auto industry and the Bush administration.

The rules, which will begin to take effect in 2012, will put in place a federal standard for fuel efficiency that is as tough as the California program, while imposing the first-ever limits on ... more »

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Thursday, May 7

Fred Harteis News Articles - Iraqi Forces; Rebuilt and Stronger, but Still Stumbling

by maba on Thu 07 May 2009 04:14 PM EDT

Fred Harteis News Articles - Iraq’s security forces, despite significant improvements, remain hobbled by shortages of men and equipment, by bureaucracy, corruption, political interference and security breaches that have resulted in the deaths of dozens of Iraqi and American troops already this year, according to officials from both countries.

The security forces are not on the verge of collapse. American officers who work closely with Iraqi forces emphasize the progress that has been made from the days when Iraqi security forces barely functioned, and point to a rising ... more »

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Wednesday, May 6

Fred Harteis News Articles - Bank of America Needs $33.9 Billion Cushion, U.S. Says

by maba on Wed 06 May 2009 03:48 PM EDT

Fred Harteis News Articles - The government has told Bank of America it needs $33.9 billion in capital to withstand any worsening of the economic downturn, according to an executive at the bank.

If the bank is unable to raise the capital cushion by selling assets or stock, it would have to rely on the government, which has provided $45 billion in capital through the Troubled Asset Relief Program.

It could satisfy regulators’ demands simply by converting non-voting preferred shares it gave the government in return for the capital, ... more »

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