Word: plan
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...capital drools. So Treasury Secretary Timothy Geithner found himself the object of intense interest when he went before the House Ways and Means Committee to testify on Tuesday. It was his first major public appearance since his less than inspiring rollout on Feb. 10 of a half-baked plan to save banks that left Washington and Wall Street whispering that Geithner, 47, wasn't ready for prime time...
...Washington's conviction that perception is reality, Geithner's fate rests less on how he performs in public than on how his plans fare: the market and most Americans care a lot more about the substance of the Administration's efforts to save the economy than they do about Geithner's thin delivery. Sure, he doesn't seem to fill his suit, and he talks too quickly, and he swallows the ends of his sentences, and he gives the impression of a grad student taking an oral exam, not someone leading the country out of perdition...
...backed assets that are suffocating the economy by paying part of the cost for private investors to buy them off the banks' balance sheets. At the same time, the Federal Reserve, whose chairman, Ben Bernanke, took his own public flogging on Capitol Hill on Tuesday, is unveiling an aggressive plan to stimulate consumer, small-business, auto and college borrowing, an area of the economy that has in large part been frozen since the fall...
...country saw its biggest public demonstration in a generation as 120,000 people took to the streets of Dublin. Most were civil servants protesting a levy on public-sector pensions, which the government says will save the country $1.2 billion. Unions are currently balloting members on a planned general strike for March 30, with the head of the country's trade-union umbrella group warning of a "doomsday situation" should the government fail to introduce a recovery plan that gains the support of social partners. According to the most recent opinion polls, only 10% of Irish voters say they have...
...Arriving in Israel during this time of political flux, Clinton could not hope to accomplish anything beyond reminding Israelis that the new Obama Administration intends to pursue the two-state peace plan between Israelis and the Palestinians. During her 36-hour stay in Israel, Clinton said that a two-state solution was "in Israel's best interests" and that it was "inescapable" and "inevitable...