March 24, 2009

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Page one

Celebration, caution as US
pushes to buy toxic assets

Investors cheered the Treasury Department's plan to buy up to $1 trillion in toxic assets from banks with the help of private investors, sending blue chip stocks up nearly 500 points, or 7 percent, yesterday even as some economists predicted the program would fall short. (By Beth Healy, Globe Staff)
Related Coverage

Cahill facing ethics inquiry

State Treasurer Timothy P. Cahill is facing a state ethics inquiry for awarding a $21 million state lottery contract to a company that was secretly paying Cahill's close friend and fund-raiser, Thomas F. Kelly, tens of thousands of dollars in consulting fees, according to multiple people who have been briefed on the investigation. (By Frank Phillips, Globe Staff)
Related Coverage

3 parishes to share 1 pastor

The Archdiocese of Boston, facing a growing shortage of priests but reluctant to close more churches, plans to name one pastor to oversee three parishes in the historically Catholic neighborhood of Dorchester, a practice never before used in Boston. (By Michael Paulson, Globe Staff)

Patrick looks to slash UMass fee
increase with stimulus money

University of Massachusetts students would avoid most of a planned $1,500 fee hike under a proposal Governor Deval Patrick is expected to unveil today to distribute $162 million in federal stimulus money among the state's public colleges and universities, two administration officials said. (By Matt Viser and Peter Schworm, Globe Staff)

T set to raise cash with billboard blitz

The MBTA, desperate to raise money, will auction off space for 60 new billboards along highways in Eastern Massachusetts, in what officials are calling the largest single introduction of new billboard sites in state history. (By Noah Bierman, Globe Staff)

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