Word: holdings
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...Wall Street Journal suggests that B of A may hold a special place in the government's heart because it bought Countrywide and Merrill Lynch at times when a public bailout of those companies could have caused the credit system angina. With Congress and watchdog agencies watching how the Treasury and Fed are using their thinning cash reserves, B of A will not be getting any sympathy or special dispensations from regulators...
...Chuck Grassley, an Iowa Republican and another long-term member of the committee, "The reason it won't come up is because he has been a member of the committee for a long period of time, and he's showed a great deal of impartiality. And he doesn't hold any of those views." Even the committee's chairman, Vermont Democrat Patrick Leahy, welcomed Sessions: "I get along well with him. I've always kept my word to him and he's always kept his word to me, and that's the most important thing...
...nation's most important order of business during his five-year presidency (he is constitutionally limited to one term). That's the Panama Canal expansion, a massive dig that will add a third set of locks able to handle the supersize, "post-Panamax" ships. Those vessels can hold up to 12,000 20-ft.-long containers and are considered the future of commercial-cargo shipping...
...Gorka Landaburu, the mere fact that a non-nationalist might hold the region's highest office represents an unprecedented recognition of Basque political diversity. "It's an important day, you could even say an historic one," says the editor of the San Sebastian-based periodical Cambio 16. "Basque society is a plural society. This election reflects that...
...last term, Ibarretxe expended a good deal - some critics would say all - of his political capital in an ill-fated attempt to hold a referendum on independence for the Basque country. That effort was quashed by the Spanish parliament, which judged it unconstitutional. But the Socialist victory does not necessarily mean that Basque society as a whole is becoming less nationalist. According to polls conducted by Euskobarometro, the percentage of Basques who desire independence has hovered around 30% - sometimes rising a few points, sometimes falling - since...