Word: hills
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...repeat 2008's performance this year. Brokerage CLSA predicts pretax profit growth will slow to 4% in 2009. Reflecting the heightened risk, Standard & Poor's in late April revised its outlook for the bank to negative. "The biggest single worry is the economies in the region," says Nick Hill, bank credit analyst at Standard & Poor's in London. "We think they've taken measures to pull in their horns, but it is a bit of a stretch to say they're immune from the environment." StanChart executives insist that their carefully managed loan portfolio can withstand the recession better than...
Health Care and the Hill...
...rankled hospitals, and doctors bristled because of his refusal to endorse caps on malpractice claims in a speech to the American Medical Association two days later. Some physicians also oppose a public-health-insurance option, a centerpiece of Obama's plan. Anticipated draft legislation has been delayed while Capitol Hill continues to haggle over how to slash costs and extend coverage to the 48 million Americans without health insurance. Obama has exhorted lawmakers to produce a bill for him to sign by October...
More than anyone on Capitol Hill, Pelosi has staked her reputation on the bill, which would require a 17% reduction of greenhouse gases by 2020 from 2005 levels and about an 80% reduction by midcentury. A failed vote could be devastating to her embattled speakership. Pelosi spent much of Wednesday and Thursday cajoling her members on the phone, in meetings, on the House floor during votes, even following a member into the Speaker's lobby - the domain of the press - to make her case in full view of a pack of reporters. She also met with seven GOP moderates...
...some on Capitol Hill don't think a temporary measure goes far enough. On June 23, Florida Senator Bill Nelson and Massachusetts Representative Jim McGovern introduced legislation, the Fairness to Surviving Spouses Act, that would nix the widow penalty for good. To leverage their message, they were joined by both Goukassian and another military widow, Diana Engstrom, whose husband was killed in Iraq in 2004 in a rocket-propelled-grenade attack. Engstrom, a Kosovo native, found out afterward that she, too, would be deported because she'd been married for less than the two years required for an immigrant spouse...