Word: major
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...middle of the year, the federal government will own large, and in some cases, controlling interests, in two car companies and several major banks. There is a chance the the extent of rescue efforts and government ownership could move to auto parts suppliers and insurance companies. If the Treasury can pick up stock in Microsoft (MSFT) and Intel (INTC), it can control most of the important sectors of the economy. That raises the issue of how the federal government gets all of that taxpayer money back...
...other major challenge facing the "R" Market: prices. Like many Toys "R" Us stores, the Phillipsburg outlet is dangerously close to a Wal-Mart - in this case, only a two-minute walk away, in the same shopping plaza. Sure, it's convenient to one-stop shop at Toys "R" Us. But after glancing at the prices - the Stauffer's Whales snacks, juice boxes and bottled water are all cheaper at Wal-Mart - Meade said she'd get that stuff there...
...incentive payments to modify second mortgages are meant to address a major omission in the original housing plan. Some 50% of at-risk mortgages carry second liens, but before today's announcement, there was no systematic way to deal with that pot of money owed...
...Credit card leaders have powerful friends on Capitol Hill, though, and neither side expects a clean victory. Moderate Democrats and those with major banks with big presences in their states are receiving particular attention from the banking lobby. These include Tom Carper of Delaware and Tim Johnson of South Dakota: Johnson voted against Dodd's bill in committee and Carper is a longtime bank backer...
...insurgency, the former King's Royal Nepalese Army was called upon to tackle the Maoist guerrillas, and the two forces have been stridently inimical to each other ever since. "The fact is, the Nepal army today is the only significant opposition to the Maoist takeover of Nepal," says retired Major General Dipankar Banerjee, director of the New Delhi-based Institute of Peace and Conflict Studies. "The new government wants to get greater influence over the army." (See pictures inside Nepal's former PLA camps...