Posted by Tina
** MANAGUA — To offset the recent wave of factory closings and work suspensions at U.S. textile and manufacturing plants in Central America, Nicaraguan President Daniel Ortega is asking the U.S. government for an economic bailout plan for Central America. Miami Herald **
** The Internal Revenue Service, under pressure to bring in money to the faltering economy, plans to give offshore tax evaders a big break. The agency has drafted a plan that significantly lowers a penalty that applies to wealthy Americans who hide money overseas in secret accounts. *** The plan was developed amid a widening investigation into wealthy American clients of UBS but will apply to clients of other banks as well. NYT **