Word: card
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...Mart submitted a filing last July asking the Federal Deposit Insurance Corporation (FDIC), the agency that guarantees bank deposits, to create a new entity called Wal-Mart Bank. It won't be a regular bank at all; the company says it will do nothing but process credit- and debit-card payments internally. But the application generated so many comment letters--3,600 and counting--that for the first time in its history, the FDIC decided to hold public hearings on a deposit application...
...think about a Wal-Mart Bank with ATMs, branches and tellers. Jane Thompson, who would be chairman of Wal-Mart Bank, says the new bank would have a "very narrow role." Currently, every time a customer swipes a credit or debit card, Wal-Mart pays a fee to a bank for watching over the money for those few seconds as it moves between the customer's account and Wal-Mart's. By using its own bank, the company will save fractions of a penny on each transaction, yielding $5 million to $10 million a year, which it says...
Paul Wolfowitz, Rumsfeld's deputy, describes his boss as "a constant, active source of energy." Where Rumsfeld goes, Wolfowitz says, "he kind of generates a mini-storm." Republican Senators complained to White House chief of staff Andrew Card that Rumsfeld was keeping them in the dark about war plans and other military issues. So last week Rumsfeld reported to Capitol Hill for a 2 1/2-hour kiss-and-make-up session with Senators. Asked later if he had been ignoring his minders, Rumsfeld said, "I don't think there is a problem...
Baroque as it was, that soap opera was merely a warm-up. On Oct. 16 Rumsfeld wrote a memo titled "Global War on Terrorism" that was quickly leaked to reporters. The memo, first reported by USA Today, reads like a report card for the Bush team since 9/11, and the marks aren't great. "We are having mixed results with al-Qaeda, although we have put considerable pressure on them--nonetheless, a great many remain at large ... we lack metrics to know if we are winning or losing the global war on terror. Are we capturing killing or deterring...
...mixture of the traditional and the personal. It was draped with the royal standard; on top of that rested a spray of white lilies, Diana's favorite flower. And there was something else: a bouquet of white tulips from Prince William and a wreath of white roses with a card bearing the handwritten word Mummy from Prince Harry...