Bank bailout faltering
The billions of federal dollars funneled to the nation’s banks aren’t trickling down to businesses and consumers, experts testified this week. In the first hearing of a panel appointed by Congress to monitor the $700 billion bailout, bankers, economists, and officials described the toll the credit crunch was taking on families and businesses. “There is little evidence of what effect these billions of dollars are having on us,” said panel chairwoman Elizabeth Warren.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The U.S. Supreme Court this week voted 5–4 to allow smokers of so-called light cigarettes to sue tobacco companies for deceptive advertising. The Federal Trade Commission argued that cigarette makers have long known that cigarettes advertised as “ultra light” or “low tar” are no safer than regular cigarettes, yet their ads have implied that they were less risky.
-
Giorgio Armani obituary: designer revolutionised the business of fashionIn the Spotlight ‘King Giorgio’ came from humble beginnings to become a titan of the fashion industry and redefine 20th century clothing
-
Crossword: September 13, 2025The Week's daily crossword puzzle
-
Sudoku medium: September 13, 2025The Week's daily medium sudoku puzzle
