Word: banke
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Even without doing the math, you probably get that the government's financial-rescue effort is failing. The signs are hard to miss. Your friend in finance got pink-slipped. A house sale down the street fell through because the buyer couldn't get a mortgage. A local bank is closing a nearby branch or maybe shutting down altogether...
...Paulson stayed away from the bonus issue for two reasons. The first is that fighting with the banks over which investment banker should be paid what amount would have taken too long. The second was that he did not want to appear to be the de facto CEO of all the companies which got TARP money. He decided that in this crisis the banking executives would have to use their own discretion in the use of the money. He chose to leave this decision to their boards and not the Treasury. And as it became clear that the government would...
...entertainment license, and unpaid police detail." The restaurant is scheduled for a hearing to resolve these issues on Feb. 10. But Taylor said that the restaurant will not return to the JFK storefront, no matter how the hearing goes. Future use of the space will depend on Cambridge Savings Bank, which owns the location. Z Square, which opened in Cambridge in Oct. 2006, has no signs on its locked doors explaining its fate. According to neighboring restaurant workers, prospective customers have still been knocking on the locked doors, to no avail. Denise A. Jillson, executive director of the Harvard Square...
...will be a welfare administration," Sigur�ardóttir announced at a press conference on Wednesday during a meeting between the parties of the new coalition government to decide their new platform. Sigur�ardóttir also announced that the government's first task is to replace the central bank's directors...
...elderly woman dies with $691,000 in the bank, it's evident that she didn't need the government money to pay for her health care or to avoid plunging into poverty. She wasn't lying or cheating--she might have been legitimately worried--but her worries turned out to be unnecessary. And society, having kept its promise to her, should get at least part of that money back. Oh, yes, designing a system to achieve this would be a nightmare--maybe impossible. The incentive for old folks to squander their savings would be enormous. Maybe it can't work...