Bailout Recipients

ProPublica:

We’re tracking where taxpayer money has gone in the ongoing bailout of the financial system. Our database accounts for both the broader $700 billion bill and the separate bailout of Fannie Mae and Freddie Mac.

For each entity, we provide a “Net Outstanding” amount, which shows how deep taxpayers are in the hole after accounting for any revenue the government has received (usually through interest or dividends).

Companies that failed to repay the government and resulted in a loss are shaded red. You can see a list of those investments here. All other investments either returned a profit to the government or might still be repaid. Recipients of aid through TARP’s housing programs (such as mortgage servicers and state housing orgs) received subsidies that were never intended to be repaid, so we don’t mark those as losses..

A Panoramic View of China’s Cultural Revolution

Sim Chi Yin:

Li Zhensheng’s photographs of the Chinese Cultural Revolution are perhaps the most complete and nuanced pictorial account of the decade of turmoil ignited by Mao Zedong.

Mr. Li was a photojournalist for the local paper in Harbin, capital of China’s northernmost province of Heilongjiang. That is where he did his life’s work documenting the Cultural Revolution, taking the “positive” propaganda images of masses whipped up in revolutionary fervor for the newspaper, and also the “negative,” more nuanced, questioning pictures. He snipped those frames off his film and hid them under the parquet floorboards of his house until the revolution ended. He did not show these pictures in China until the late 1980s. Even today, given the sensitivities that linger over the Cultural Revolution in China, his work is more often seen overseas rather than at home.

5 questions with Don McLean

David Martindale:

1 When you look back over four decades in the music business, what do you consider to be your greatest accomplishment?



The main thing I would like to say is that I have become the person I wanted to be. As opposed to reaching goals but being an alcoholic, or reaching goals but having four failed marriages, or reaching goals but having kids in rehab. A lot of people reach their goals, but at a terrific price.