Word: followance
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...Verizon plan works, most of the phone companies in countries including the U.S., much of Europe, and Japan will probably follow with their own super-cheap plans. None of them can afford to lose wired home phones at the rate they are today. The $5 phone may not be as profitable as old landline products, but it is better than nothing...
...national bank is almost certain to follow practices which are unsound, which would not make it terribly different from the large firms that helped get the economy into trouble. Bank managements bought toxic assets two or three years ago. A government-controlled bank might offer mortgages at extremely low rates, rates so low that they clearly do not take into account the level of home loan defaults. From a policy standpoint, it may make "sense" to do that to help buttress the housing market. But, to some extent that moves the government's control of the credit system from nationalizing...
...allows him to run for a four-year term in a special election this year, and then another in 2013. Bolivia's leftist President, Evo Morales, who was elected in 2005, won a similar reform in a referendum last month. The question now is whether both leaders will eventually follow their ally Chavez's lead and seek the right to run for re-election indefinitely. Elsewhere, political watchers are waiting to see if Argentina's President Cristina Fernandez, along with her predecessor and husband, Nestor Kirchner, will try to get term limits relaxed as well. Nicaraguan President Daniel Ortega...
...economic crisis. "The French have signaled that they are willing to do things they know are illegal under E.U. law," says Katinka Barysch, Deputy Director at the London-based Centre for European Reform (CER). "But if one E.U. country goes down this route, others will feel they have to follow...
...home exudes a warm, middle-class prosperity, and in a small house across the street from the Lincolns, you can follow the steady rise of the young lawyer and family man. When Lincoln bought the place at Eighth and Jackson in 1844 - the first and only home he ever owned - he was a 35-year-old politician with a wife and a baby, and the house was a modest story-and-a-half. As he grew wealthier, Lincoln literally blew the roof off the place, extending it to a full two stories. Now there was space for big parties...