Word: ken
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...Besides his ability to draw big names - producer Drew Barrymore also wanders through, simpering - director Ken Kwapis can include fairness in his skill set. Pedro Almodovar would have picked sides (the women's, undoubtedly) and made you love them all. Cameron Crowe successfully endeared us to both sexes in Singles. In Kwapis' world, the scales of jerkdom go back and forth, finally tilting ever so slightly toward men when Kris Kristofferson, in the small role of Beth's father, announces that of his four daughters, she has always been his favorite...
While the battle between Bank of America CEO Ken Lewis and former Merrill Lynch CEO John Thain goes on over who knew about large bonuses and large losses and when they knew it, recent news that the bank will get $20 billion from the federal government along with $108 billion in loss guarantees has almost been forgotten. Much of the paper being supported by the government came from the Merrill acquisition...
...Regrettably, a similar Hollywood ending to the recent Senate appointment saga proved elusive. Following Election Day, President Obama, Vice President Biden, Secretary of the Interior Ken Salazar, and Secretary of State Hillary Clinton all resigned their Senate seats. Nepotism, political power plays, and outright corruption sullied the search for their replacements. This should come as no surprise, since gubernatorial appointments to Senate seats are fundamentally undemocratic. They reward famous names, connections, and fundraising ability while denying the citizens of a state the chance to decide who their senator will be. Instead of relying on this outdated process for selecting interim...
...deal pushed by regulators, BofA agreed to buy Merrill Lynch. The acquisition actually boosted BofA's capital ratios, but it also added losses to an already fragile capital structure; Merrill Lynch lost $15 billion in the fourth quarter alone. Knowledge of the impending losses forced BofA CEO Ken Lewis to ask the government for an additional $20 billion in TARP funds - on top of the $25 billion it had already received - as well as about $100 billion in loan guarantees. Without the government assistance, BofA says, it couldn't have closed the merger...
...race for the RNC's chairmanship on the fifth ballot by a vote of 91 to 77 against Katon Dawson, chairman of the South Carolina Republican Party, who was hobbled by his previous membership in an all-white country club. At one point, one of Steele's rivals was Ken Blackwell, an African American and a former Ohio secretary of state, who was widely viewed as too dogmatically conservative to head a party desperate for moderation and who eventually threw his support behind Steele. The original slate of candidates included Tennessee GOP chairman Chip Saltsman, who had distributed...