Word: banking
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...excuses to say no will be exceedingly easy to find. Even a group of staunch like-minded reformers would have a hard time finding common ground; in fact, that's exactly what happened inside the Obama Administration, which is why the President recently proposed new add-on provisions limiting bank size and speculation. So how hard is it going to be for the less staunch to find something in the bill to reject? It's worth noting that the 100%-confident Gregg and Democratic Senator Jack Reed were assigned to hash out compromise rules for derivatives - and failed. Even...
...help individuals make their payments, Bank of America announced in March that it would start reducing the principal on some home loans. This, after the banking industry successfully fought off attempts by Democratic Illinois Senator Dick Durbin and others in Congress to pass legislation last spring that would have allowed for mortgage modifications. But since then, it has become clear that without loan modification, many borrowers have no recourse but to accept foreclosure and walk away, says Porter. "I think one reason the economic recovery is slow is that it is taking so long to work through these delinquencies...
...term decisions: not taking bailout money, having a vision," says Fronk. "It's a different story going on at Ford than at some of their competitors." Other big gainers included ExxonMobil, Pepsi, Costco, the Home Depot and Southwest Airlines. Among the companies falling the fastest in the rankings were Bank of America, Verizon, Sony, Target and Time Warner (the parent company of TIME). (See which businesses are bucking the recession...
Financial firms and automakers that took bailout money largely made up the bottom 10. In descending order, they were: Delta Airlines, Bank of America, JPMorgan Chase, General Motors, Chrysler, Goldman Sachs, Citigroup, Fannie Mae, AIG and Freddie Mac. Industry-wise, tobacco again claimed the worst reputation; last year it shared that honor with financial services, which this year held the second worst reputation. Third worst was insurance. At the top end of the industry-reputation list were technology, travel and tourism, and retail...
...what he believes is the solution to the problem of climate change: artificial photosynthesis, harnessing sunlight to split water and yield hydrogen and oxygen, which can be used to drive fuel cells and provide cheap, clean electricity. The earth will be saved, as will Beard's flagging career (and bank account). An unrepentant narcissist at heart, Beard has no trouble transitioning from disinterested physicist to clean-energy messiah, addressing conference halls full of skeptical businesspeople. "Now planetary stupidity was his business," McEwan writes - a slogan I should really put on the back of my business cards...