Word: bernard
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Current and former White House supervisors appeared to have little idea of what people under them had been doing. Former White House Counsel Bernard Nussbaum insisted he did not know that underlings had used preprinted forms with his name on them to ask for the FBI files. Livingstone denied knowing how many files a former deputy, Anthony Marceca, was receiving in a supposed attempt to update the security clearances of career White House employees who had survived the change in administrations...
...percent as businesses added 239,000 workers to the payroll last month. That figure sharply exceeded the expectations of economists and investors. It promptly sent stock prices into a tailspin: the Dow industrials closed 114.88 down at 5,588.14. "Today's numbers were totally unexpected," reports TIME's Bernard Baumohl. "This indicates the economy is stronger and more resilient than investors and economists had thought. Everybody will keep an eye on economic data between now and August 20 to see if the numbers indicate the economy is continuing to grow at a strong pace." The Fed has kept rates steady...
...deal would result in greater efficiencies of scale and improved service. "The fear is that in a large-scale merger, the resources of the newly-formed company will be so great that it can engage in predatory pricing that will force competitors out of business," says TIME's Bernard Baumohl. "Consumers can enjoy lower prices in the short-term, but prices are likely to go back up once the competition has been wiped out." As a condition of approval, the board ruled that the newly formed company, UP-FP, must open up 4000 of its 35,000 miles of track...
...deal would result in greater efficiencies of scale and improved service. "The fear is that in a large-scale merger, the resources of the newly-formed company will be so great that it can engage in predatory pricing that will force competitors out of business," says TIME's Bernard Baumohl. "Consumers can enjoy lower prices in the short-term, but prices are likely to go back up once the competition has been wiped out." As a condition of approval, the board ruled that the newly formed company, UP-FP, must open up 4000 of its 35,000 miles of track...
...similar cases, taxpayers may end up paying more than $10 billion in damages, on top of the $200 billion it has already cost to clean up the S&L disaster. "The government is paying the price for changing the rules in the middle of the game," says TIME's Bernard Baumohl. At issue is an agreement the government had made in the '80s, when it encouraged healthy thrifts to take over failing S&L's by allowing them to report the losses sustained by the insolvent institutions as "goodwill" assets. In 1989, however, feeling the offer had been too generous...