Word: banking
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...Texting is a major contributor to the industry's profitability," says David Barden, a senior research analyst at Bank of America Merrill Lynch. Among the Big Four national players, texting brings in an average of $8 per month per customer in revenue, he estimates, and generates about 25% of raw operating profit (excluding equipment subsidies...
...Still, the Treasury Secretary noted that there was more work to be done in restoring the health of our nation's banks. In particular, Geithner repeatedly stated the need for bank regulation reform. "We did a lot of damage to our nation's financial system, and it is going to take a while to get through it," he said...
...those funds. Elizabeth Warren, a Harvard professor and chairperson of the panel, said the average American has seen little or no benefit from the TARP spending. Damon Silvers, associate counsel for the AFL-CIO union, questioned whether TARP had really restored some of its biggest recipients, namely Bank of America, Citigroup and Wells Fargo, to health...
...Geithner testified that the Treasury Department has not decided how long it would maintain the TARP program. So far, Geithner said money that has been paid back by banks has gone toward paying down the Treasury's debt, but he reserved the right to reinvest the money in other banks if that became necessary. Other TARP programs are ending: Geithner pointed to the emergency program to insure money market accounts, which will end later this month. Usage of other programs, such as the FDIC's guarantee of bank debt and the Federal Reserve's commercial paper funding program, are winding...
...hold the Obama administration and Congress accountable” for recent Middle East policy including a much-publicized speech in Cairo, a delayed show of support for protestors after the presidential elections in Iran, and sustained pressure on Israel to halt settlements in the Gaza Strip and West Bank. Pollak gained brief media attention last spring when he took Mass. Representative Barney Frank to task during a speech at the Harvard Kennedy School. “It is a true test of our ability as citizens to engage in democracy,” Pollak said. “Many Jewish...