Pride in one's self?

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The declaration will make it easier for U.S. medical facilities to handle a surge in flu patients by allowing the waiver of some requirements of Medicare, Medicaid and other federal health insurance programs as needed, the White House said in a statement.

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Critics of derivatives often raise the specter of the failure of one dealer imposing debilitating loses on its counterparties, including other dealers, yielding a chain of defaults. However, derivative markets participants seem keenly aware of the counterparty credit risks associated with derivatives and take various measures to mitigate those risks.

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Had the failure of LTCM triggered seizing up of markets, substantial damage could have been inflicted on many market participants, including some not directly involved with the firm, and could have potentially impaired the economies of many nations, including our own.

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Daines had originally said that public health workers must be vaccinated for the seasonal flu and the H1N1 virus, also known as swine flu, by November 30 or risk discipline.

The Public Employees Federation, New York's second-largest state employees union, sued over the requirement and was awaiting a state Supreme Court hearing scheduled for October 30.

The vaccine shortage has defused the conflict.

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It's unclear what will happen with the lawsuits. Thursday's action was a suspension of the order, and the Health Department plans to pursue making the order permanent in 2010, as long as there's enough vaccine for that flu season, said Diane Mathis, an agency spokeswoman.

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Federal law provides a variety of powers for the President to use in response to crisis, exigency, or emergency circumstances threatening the nation. Moreover, they are not limited to military or war situations. Some of these authorities, deriving from the Constitution or statutory law, are continuously available to the President with little or no qualification. Others—statutory delegations from Congress—exist on a standby basis and remain dormant until the President formally declares a national
emergency. These delegations or grants of power authorize the President to meet the problems of governing effectively in times of crisis. Under the powers delegated by such statutes, the President may seize property, organize and control the means of production, seize commodities, assign military forces abroad, institute martial law, seize and control all transportation and communication, regulate the operation of private enterprise, restrict travel, and, in a variety of ways, control the lives of United States citizens. Furthermore, Congress may modify, rescind, or render dormant such delegated emergency authority.

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