Word: handeds
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...Lewis got a slap on the hand. Shareholders of Bank of America (BAC) voted to separate the chairman's role from the CEO's and the bank's board was forced to elect a new chairman, Walter E. Massey, a college president who has been on the firm's board for so long that he is as responsible for the bank's trouble as anyone else involved in the company's governance...
...same time, an important feature of the latest Detroit dealings is the lopsided favoritism shown the United Auto Workers (UAW). Take the Chrysler plan: Taxpayers were to trade in a $4 billion IOU (i.e., the government loans) for about 5% of Chrysler's stock. The UAW, on the other hand, was trading in a $4.5 billion IOU (related to its VEBA health-care trust for retirees) in return for 55% of Chrysler stock. Does that seem fair? A third group, the secured debt holders, were to trade in a $6.9 billion IOU and get $2 billion in cash - an amount...
...campus. “I think the idea here is to be vigilant. The most important thing is to practice good hygiene” said David S. Rosenthal ’59, director of Harvard University Health Services (UHS). “I would recommend that students wash their hands, use your Purell dispensers, etc. It’s basically a huge hygiene message.” A vigorous hand washing campaign isn’t the only tactic Harvard is using for its students to combat the epidemic. UHS issued a written announcement on its Web site yesterday that...
...that's precisely the kind of operation the Founders created with their slow-moving clockwork of checks and balances. But in times like these - periods of crisis and one-party rule - skepticism and dissent can seem unpatriotic, and the flawed ideas of smart people can easily get out of hand...
Historic though the ratio may be, it does not give Obama an unfettered hand. On all sorts of issues, from health care to energy policy, Senate majority leader Harry Reid will still have to bring along his own right flank - moderate Democrats such as Nelson, Louisiana's Mary Landrieu, Indiana's Evan Bayh and now Specter. And not everything that is about to come before the Senate splits the Democrats along ideological lines. On climate change, for instance, the make-or-break votes come from a diverse group of 16 Democrats from left and center who say they will...