Word: nationalizes
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...model for nationalizations could prove valuable in the months ahead. The government is in the process of stress-testing the nation's largest banks as part of Treasury Secretary Timothy Geithner's plan to fix the ailing banking sector. And many think the outcome of those tests could lead to more takeovers. So far, Geithner and other officials have denied they are interested in running banks. But in the past few weeks, a number of prominent Republicans and fiscal conservatives, most notably former Federal Reserve chairman Alan Greenspan and Senator Lindsey Graham, have joined those who think the government should...
...There is a tendency to think that we are a very sophisticated modern society and disasters shouldn't be this inconvenient for those of us not directly impacted. The reality is no nation is that well immune to catastrophic disaster." - When asked about Floridians who complained that ice and water didn't immediately arrive on the scene following Hurricane Wilma, even though Fugate and his staff had successfully cut their response time in half (TIME, September...
...calls that have doubled in number since last summer as the economy has slumped, according to McCourt. "It became clear to the board of the American Cancer Society that unless we got people insured, we were not going to be able to reduce [cancer] incidence and mortality in this nation," says Christy Schmidt, senior policy director of the ACS. "If you can fix the system for cancer patients, we believe you can fix it for everybody...
...began to refer to Castro as his "father." (Fidel, 82 and ailing, has since ceded power to his younger brother Raúl.) Today, oil-rich Venezuela sends Cuba discounted crude in exchange for doctors and teachers to administer Chávez's wide-ranging social programs among his nation's poor. Pedro Mena, a self-described Venezuelan opposition organizer in Miami, says the outreach by the Cuban-American lawmakers on Capitol Hill has helped bring attention to Venezuela's "inundation by the communist dictatorship in Cuba...
Obama and Raúl will continue to approach each other hopefully but cautiously. The U.S. President, who is set to attend next month's Summit of the Americas in Trinidad - at which Cuba is the only disinvited nation - says he favors keeping the embargo largely in place until Cuba demonstrates political reform. But he also knows that opening up to the island is necessary to mending Washington's broken relations with Latin America in general. By the same token, Raúl, who has insisted on U.S. concessions on items like the embargo before he delivers his own, like...