Some Good, Some Bad; Recent Headlines

Citi Sets Plan to Convert $58 Billion in Stock - DealBook Blog - NYTimes.com:
Citigroup is moving forward with a plan to convert a large chunk of its preferred shares into common equity. The long-awaited move is expected to give the United States government a 34 percent ownership stake in the troubled bank.

Dem mutiny on climate bill grows, says Peterson:
By Jared Allen
Posted: 06/10/09 08:17 PM [ET]
More and more Democrats are ready to vote against Speaker Nancy Pelosi’s climate change bill, according to a congressional committee chairman who opposes his leader.The House Agriculture Committee Chairman Collin Peterson (D-Minn.) said Wednesday that he’s at an impasse with the lead sponsor of a climate change bill strongly backed by Pelosi (D-Calif.), and that his list of Democratic members who would join him in voting against the measure is growing rather than shrinking.

Videotaped remarks shed light on Sotomayor:
Judge Sonia Sotomayor once described herself as "a product of affirmative action" who was admitted to two Ivy League schools despite scoring lower on standardized tests than many classmates, which she attributed to "cultural biases" that are "built into testing."

An American's Voice: Can anyone show me what these "cultural biases" that are "built into testing" are? Can you give me an example? I would really love to see what these are all about.