Word: cannot
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That does not mean that the bank cannot play the Merrill card in the court of public opinion. B of A's CEO Ken Lewis has already made the case the Henry Paulson virtually forced him to close the Merrill deal because it was in the best interests of the country's troubled financial system. If that transaction is at the heart of B of A's capital shortfall, the firm has a legitimate argument that because it helped the government when it was in a jam, it is time for the government to repay the favor...
...recovery cannot make much progress or be sustained while the number of people without jobs is at historic highs. Mr. Bernanke fails to acknowledge this. He used inventory and housing numbers to make his case that the economy is beginning to improve. That is hardly enough to prove the point...
...More importantly, these people fail to recognize that teaching morality in a classroom means nothing if you cannot act with the same integrity that you hope to teach. Yes, Harvard must do what it does best—teach, research and foster learning—but we cannot shy away from the responsibility to be an upstanding institution. If Harvard lays off its workers, it will only contribute to the economic crisis of our time. Now, more than ever, is an opportunity for Harvard to stand as an example of moral integrity...
Meanwhile, time is running short. Both the House and Senate have set an extraordinarily ambitious timetable that would have the legislation passing each chamber by the time Congress adjourns for its August recess. Increasingly, the President's allies worry that they simply cannot get there that quickly without a much bigger investment of Obama's enormous political capital...
...April when about 200 people a day were pouring into Mexican hospitals, there are still about 40 people a day being admitted to clinics for swine flu treatment. Mexico's big hope is that this number will not shoot back up as the nation gets back to work. "We cannot let down our guard," said Health Minister Jose Cordova. "This battle is far from over...