Word: coste
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Dates: during 2000-2009
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...George State College in 1969. Early on, Lewis' cool demeanor and keen credit judgment caught the eye of the bank's chief executive, Hugh McColl. Soon Lewis became the wingman to McColl's swashbuckling merger ways. McColl would do the deals, and Lewis would parachute in to do the cost-cutting and integration. Along the way, the two built Bank of America to become the country's largest bank in terms of deposits...
...implemented salary freezes, halted capital projects, slowed faculty recruitment, and offered a voluntary retirement incentive program for hundreds of staff—initiatives that, along with other budget cutting measures, yielded an $11 million budget surplus last year that will be used to alleviate this year’s cost-cutting...
...committee had been primarily charged with cost-cutting to pare down the division’s budget—not including sponsored research and operations and maintenance—by roughly one-third. But the group’s goal soon changed from cutting back to balancing the budget by generating new revenue and “stretching what we have further,” according to Kosslyn...
...still tied to, Medicare rates. But an amendment that passed in the House Energy Committee would have a public option with negotiated rates, roughly equivalent to Schumer's supposedly "level playing field" approach. According to a Democratic leadership aide in the House, the Congressional Budget Office, which determines the cost of legislation, has told Pelosi that the Medicare-pegged rates would lead to $110 billion in savings over 10 years, while negotiated rates would save only about $25 billion. Pelosi, who is trying to whittle the House bill down from its $1.1 trillion price tag closer to the $900 billion...
...officials believe going after oil imports may still be worth it. Rather than passing laws or attempting to push new sanctions through the U.N. Security Council - where Russia and China could veto them - officials are quietly approaching companies directly, convincing executives that the cost of doing business with Iran has become too high. In the past few months, Washington has leaned on insurance companies that underwrite Iran's shipments abroad and as many as 80 banks that handle financial transactions for the country. In January, the U.S. slapped a $350 million fine on Britain's Lloyds TSB Bank for funneling...