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    Baseball and American Life

    Panelists talked about baseball, the great American game. U.S. Supreme Court Associate Justice Samuel Alito, New York Times columnist David Brooks, ESPN’s Tim Kurkjian, USA Today's Christine Brennan, and columnist George Will told stories about baseball and talked about its enduring place in American culture. The moderator was Talmage Boston, attorney and author of two books on baseball, including Baseball and the Baby Boomer.

    “Let’s Talk Baseball” was a Great Washington Writers Series luncheon event at the University Club of Washington.

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    Financial Industry Restructuring

    The subcommittee heard testimony from Mr. Seidman, chairman of the Federal Deposit Insurance Corporation, on restructuring of the financial industry. Mr. Seidman advocated an eleven point plan to protect bank deposits, a function usually served by the FDIC, which is experiencing financial difficulties due to the number of recent bank failures. Mr. Seidman described his plan to secure bank deposits in the short term and his long term plan to reconstruct the financial capital of the Federal Deposit Insurance Corporation. His plan involved increasing the amount of money the FDIC could borrow from the Treasury from $5 billion to $20 billion. Mr. Clarke characterized the hearing as being oriented towards remaking a financial system which had ceased to function adequately in recent years. He advocated entirely new and comprehensive solutions to solve the problems of the U.S. banking system rather than patchwork repairs to the existing system.