Word: coups
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Dates: during 2000-2009
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...First National Bank of Hope, Kans., a town where the noon whistle blows daily for its 400 residents, has survived all kinds of competition. The rural bank has remained independently owned for its entire 83 years, even through the Great Depression, says Dan Coup, its president and CEO. But Coup is worried that his bank may not survive what he sees on the horizon: Wal-Mart. "They could run us out of business in a heartbeat...
...Coup is one of the community bankers who have turned a routine regulatory application into a referendum on the world's biggest retailer. Wal-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...
...session last week near Washington attracted a parade of Wal-Mart's regular adversaries--unions, corporate activists, small-business owners--along with bankers, individuals and experts on both sides. But most comments came from rural America, so the agency will hold another session next week in Overland Park, Kans. Coup will testify there, along with other bankers who believe that their businesses will soon be the next to feel the weight of Wal-Mart...
...bankers made a similar fuss, White says, when regulators allowed regional banks to expand, but most of the local banks found new ways to compete. Local bankers know better than most what happens to those who don't adapt to change. The closest Wal-Mart is 35 miles away, Coup says, but "I've seen the effects that it has on our local grocery store. It's now for sale...
While peaceful nuclear technology is a right under the Non Proliferation Treaty to reduce dependency on oil, Iran’s intentions are dubious at best. Due to the technology achieved since the times of the coup against the Shah, we now can be certain that Iranian missiles could easily hit Israel. Deterrence in the form of direct threats from the U.S. and its allies should focus on preventing the Iranian leadership from putting its hands on fissile material that can easily be turned into bombs...