Word: benning
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...Those revelations were greeted on Capitol Hill with stunned silence by Republicans and barely suppressed joy by Democrats. "I believe that many of [the banks] will be able to meet their capital needs, without further government capital," Federal Reserve Chairman Ben Bernanke told the Joint Economic Committee on Wednesday. Further, he said, Administration officials "don't think there's a near-term need" for more money from Congress. "That would be terrific!" chirped the committee's Democratic chair, Carolyn Maloney, of New York...
...three months after he rolled out his bank-rescue plan to disastrous reviews, Geithner, with help from Ben Bernanke and others, has bolstered the confidence of the banks, Congress, the stock market and much of the country. In an economy that runs on credit, that's half the battle. (See pictures of the dangers of printing money...
Traditionally, were you to ask somebody what "the best job in the world" is, you might expect to hear 'astronaut', 'movie star' or 'bed tester' thrown back at you. But for 34-year-old Englishman Ben Southall - and 35,000 other hopefuls - it was the six-month gig being offered by Tourism Queensland to be the caretaker of an Australian tropical island. And for the not exactly demanding 12 hours he's expected to work each month in Hamilton Island on the Great Barrier Reef (key duties: snorkelling, feeding fish, blogging), he'll be put up in a three-bedroom...
...changes at the banks over the next month. Top executives of Bank of America, Citigroup or Wells Fargo could be out of a job. The government may also decide it wants a much bigger stake in the banks than some are currently letting on. Maybe Tim Geithner and Ben Bernanke are better at tying up loose ends than Steve Rattner and the Automotive Task Force, but odds are there more chapters to come in the big bank crisis...
...incredibly charismatic, and he has the right balance of substance and form,” says Nagaraj. “He’s got one of the most important qualities that entrepreneurs need to have: he’s a go-getter,” adds Roy I. Ben-Dor, another HBS student and mentor to Shah. Kendall says he has spoken to Shah once or twice about his program to compliment him on the site’s success. “It’s nice to see when high school and college students focus...