Word: feds
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...field to see her ramming her head into other people's heads [despite her hair loss due to chemotherapy]; running around the field after she's been fed chemicals to kill the cancer," Wallison said. "I sort of think of Lori as this higher being...
...problems of trying to regulate such a quickly changing world. In the week after their deal, Weill and Reed tipped their hats toward Washington, but it was just a courtesy. Banking, everyone seems to have acknowledged, has entered an era that may be larger than old-fashioned laws. Fed Chairman Alan Greenspan, for one, has abandoned the notion that it is possible to regulate this broad frontier with old-style rules. The burden, he says, has to rest with private industry: Regulate yourselves. "To continue to be effective, government's regulatory role must increasingly assure that effective risk-management systems...
...none at all. Last November the Manhattan jewelry designer noticed a story about Pilates, a regimen based on stretching exercises. "I had no idea how to even pronounce it," says Bassett of her impulsive call to make an appointment. (It's Puh-lah-tees.) "I just knew I was fed...
Sword-wielding virtual warriors in the medieval world of Ultima Online have become real-life plaintiffs in a lawsuit against Origin Systems, creator of the popular Internet game. Fed up with service lags and other bugs, they charge Origin knew it couldn't deliver 24-hour real-time play but advertised it anyway. Their lawyer says it's time the computer-gaming industry quit hyping its wares; he wants Origin to drop its $10 monthly fee until the problems are fixed. The company won't comment but invites players to call its help line...
Bank on this: if recent mergers serve as a guide to the future, the brave new world of financial services means higher costs for consumers, at least initially. The banking industry has rolled up six straight years of record profits, fed by massive consolidations and the application of new technologies. The industry's net income hit $59.2 billion last year, up 13% from 1996, with fewer but larger institutions. According to the FDIC, last year 599 bank mergers took place, reducing the number of banks to 9,143 from nearly 14,000 just 10 years earlier...