Word: nationalizes
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...Japan's minister for economy, trade and industry, Kaoru Yosano, summed it up on Monday when he said, "Japan is in a very serious situation." Last month, as the nation's export-driven economy watched global demand slow down, Japan's Nikkei index fell to a 26-year low. Couple this with the appreciation of the yen - which some economists say could strengthen to an exchange rate of 80 to the dollar by the end of next year - and it's little wonder that corporate powerhouses like Toyota, Honda and Sony have seen profits dive. Royal Bank of Scotland Japan...
...total compensation for last year to $1,346,225, was the highest-earning executive at a public university. When the bonus was approved, Ohio State Board of Trustees chairman G. Gilbert Cloyd justified the high executive salary as a means of boosting Ohio State’s standing in national rankings. “The board of trustees has a vision that Ohio State will move from one of America’s top 20 public institutions to one of America’s top 10 public institutions,” he said. “In Gordon...
...injection of funds, many Republicans believe Detroit should simply tap the $25 billion that was already appropriated earlier this year to help the companies develop more fuel-efficient technologies for the future. The White House, at pains to show that it is not simply giving up on the nation's entire domestic automobile sector, pushed that approach again on Monday, saying the Administration "does not want U.S. automakers to fail...
...Homeland Security and Government Reform committees - though they stripped him of his seat on the Environment and Public Works Committee. "I would defy anyone to be more angry than I was," says Reid. "But I also believe that if you look at the problems we face as a nation, is this a time we walk out of here saying, 'Boy, did we get even...
...fellow Democrats. "This is the beginning of a new chapter, and I know that my colleagues in the Senate Democratic caucus were moved not only by the kind words that Senator Reid said about my longtime record but by the appeal from President-elect Obama himself that the nation now unite to confront our very serious problems," said Lieberman, while admitting that he had uttered certain statements on the trail that he now regretted...