Word: john
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...Merrill losses, which weren't publicly revealed until early January, have angered shareholders, some of whom have sued the company for not informing them sooner. And last week, the losses also led Lewis to ask Merrill's top executive, John Thain, to resign for failing to keep BofA officials apprised of his firm's bottom-line problems. Thain says Lewis knew all along. (See pictures of TIME's Wall Street covers...
...days following John McCain's loss to Barack Obama, Steele declared on Fox News his interest in the RNC chairmanship - even though the sitting chair had not said he was leaving at the start of the new presidential Administration (and indeed, Mike Duncan was one of the candidates Steele defeated in Friday's vote). In a TIME interview during that period, Steele praised Obama's election as America's first black President. He made clear that as RNC chairman, he would move to temper the party's rigidity and truculence. In particular, one of the models he pointed...
...Updike, John • passing...
...better," Vice President Joe Biden said in an interview Thursday on CNBC. "And I also think you will see Republicans voting for it." House Republican leaders also claim to be optimistic that a better compromise can be created. Just hours after the House vote Wednesday night, Representative John Boehner, who leads the GOP caucus, joined Obama at a White House cocktail reception. According to aides, Boehner told the President not to take the House vote as a personal rebuke. It was, he told Obama, instead a rebuke of the bill presented by House Speaker Nancy Pelosi...
...certain that Republicans will run for re-election against Obama's economic record. Already, such campaign rhetoric has been seeping into the debate. "The only thing this bill will stimulate is more government and more debt," said Representative Mike Pence, a conservative leader. (See pictures of John McCain's presidential campaign...