Word: bernard
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...response to a proposition to make him a candidate for an illustrious Harvard accolade, George Bernard Shaw offers a modest proposal: "If Harvard would celebrate its 300th anniversary by burning itself to the ground and sowing its site with salt, the ceremony would give me the greatest satisfaction...
...dozen communities, from Los Angeles to Miami, have begun to target ATM surcharges. The most threatening to banks is New York City, where city council speaker Peter Vallone plans to unveil a proposal next month that would restrict ATM fees in the nation's financial capital. In Congress, Representative Bernard Sanders, a Vermont independent, has introduced federal anti-surcharge legislation. Even the Defense Department has joined the offensive: it wants to ban the fees from ATMs on military bases...
...With reporting by Bernard Baumohl/Washington
...likely to be sympathetic to the airlines' cries over rising fuel costs, which is the primary reason cited by Delta and American for their fare increases - nor should they necessarily believe it. "This is the time of year when airlines have enormous control over pricing," says TIME business writer Bernard Baumohl. "Demand is high, and people are willing to pay to get where they want to go. So every seat is filled, no matter what the price...
...never predictable. The Federal Reserve Chairman made headlines again Tuesday, announcing a quarter-point raise in key interest rates. The hike, meant to stave off inflation in these times of hyperbolic growth and spending, caught some analysts off guard. "This raise is a bit unexpected," says TIME financial writer Bernard Baumohl. "There was a lot of uncertainty as to whether the Fed would move, since the economy has been showing signs of slowing down on its own." Example: Key consumer indicators such as retail sales and home purchases have eased in the past 10 months...