Word: chairmans
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...lawmakers was no, but on Thursday House Speaker Nancy Pelosi told President Bush she'd keep the chamber in session longer if needed. It's also possible that the Treasury and the Fed could come up with an improvised solution that doesn't need congressional approval. Paulson and Fed Chairman Ben Bernanke visited Capitol Hill Thursday night to talk over the possibilities, and Paulson said Friday that he would "spend the weekend working with members of Congress of both parties" to come up with legislation that he hoped to pass "over the next week." In the meantime, Treasury on Friday...
...Bank of China, Bank of China and China Construction Bank - that themselves are getting hurt by an economic slowdown and a real estate slump at home. "This is a significant policy initiative aimed at supporting China's leading financial institutions at a time of global turmoil," says Jing Ulrich, chairman of China securities at JPMorgan in Hong Kong. It's another way of saying to CIC's Gao Xiqing, If you come home from New York having increased our stake in Morgan Stanley, it had better be the sweetest deal anyone in Beijing has ever seen...
Weeks after the violence surrounding the presidential election in Zimbabwe has subsided, Morgan Tsvangirai and Robert Mugabe have finally reached a power-sharing agreement. In this arrangement, Tsvangirai becomes prime minister and chairman of the council of ministers, while Mugabe remains president, chairman of the cabinet, and leader of the armed forces. Despite this political solution, economic troubles remain. In order to solve them, the United States, though perhaps wary of the uncertainty of this political union, must act decisively by supporting foreign aid negotiations...
...Randall Balmer, chairman of the religion department at New York's Barnard College, says that the Baylor angel figures are one in a periodic series of indications that "Americans live in an enchanted world," and engage in a kind of casual mysticism independent of established religious ritual, doctrine or theology. "There is," he says, a "much broader uncharted range of religious experience among the populace than we expect." Just possibly, Baylor has begun to chart...
...picture was made even more confusing by Wednesday's strike, at a suspected militant training camp in the village of Bagh in South Waziristan. That air-strike came just hours after the Chairman of the Joint Chiefs of Staff Adm. Mike Mullen had visited Islamabad to calm fears about U.S. encroachment on Pakistan's turf. According to a statement issued by the U.S. Embassy in Islamabad, "Admiral Mullen reiterated the U.S. commitment to respect Pakistan's sovereignty and to develop further U.S.-Pakistani cooperation and coordination...