Word: nationalization
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...deal as much as McColl. In 2003, Bank of America bought Boston-based bank Fleet for $47 billion. Two years later he spent $35 billion to buy credit card giant MBNA. And as the credit crisis began to unfold, Lewis picked up Countrywide, which at its height was the nation's largest independent mortgage lender, for just over $4 billion...
...proposed rule will oblige those large emitters to get permits that demonstrate they are using the best available technology for controlling carbon whenever they engage in new construction or upgrading. "By using the power and authority of the Clean Air Act, we can begin reducing emissions from the nation's largest greenhouse-gas emitters without placing an undue burden on the businesses that make up the vast majority of our economy," said EPA administrator Lisa Jackson in a speech at the Governors' Global Climate Change Summit in Los Angeles...
Indonesia is currently home to more Muslims than any other country in the world—over 200 million—and Yudhoyono touted the nation as emblematic of the potential success of democratic governments in the region...
...event. Government officials have requested $40 million in federal funding to prepare - the dam is a federal facility - in addition to another $16 million from the Army Corps of Engineers devoted specifically to bolstering levees down the river. While Washington's congressional delegates fight for the money in the nation's capital, preparations and public-awareness campaigns are already under way - including driving home the importance of purchasing flood insurance, and buying it right away...
...last year, this state has endured the collapse of its core automotive industry and dozens of affiliated businesses. Now, Michigan's unemployment rate is 15.2%, the nation's highest. The state's tax revenues have plunged by more than 22%. And even leafy, seemingly upscale suburban neighborhoods have become hubs of foreclosed homes and shuttered businesses. (See pictures of Detroit's beautiful, horrible decline...