Word: priced
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...Protection Agency "nonnegotiable," drawing a clear contrast with Republicans and financial lobbyists on a relatively simple issue that polls extremely well - but risking a stalemate in the Senate Banking Committee, where the GOP and several Democrats have expressed doubts about a new bureaucracy. After health care, that's a price the Administration is now willing to pay. It's no coincidence that the day before Obama announced his latest push to crack down on big banks, his confidants David Axelrod and Valerie Jarrett met with Troubled Asset Relief Program (TARP) watchdog Elizabeth Warren, the intellectual mother of the consumer agency...
...their pull with local Congressmen) from the new consumer agency's direct oversight. House Financial Services Committee chairman Barney Frank points out that the Republican alternative to the bill consisted of ending TARP and otherwise maintaining the status quo; he's surprised the GOP hasn't paid a political price. "I'm disappointed with the zeitgeist," Frank says. "The Republicans are so extreme they couldn't help themselves; they actually proposed doing nothing. I would've thought refusing to fix a dysfunctional system would be unpopular." (See how Americans are spending...
...Eteaket, Edinburgh A newcomer to the tearoom scene, Eteaket, eteaket.co.uk, is a hit with the Edinburgh cognoscenti. Most of the 40-plus leaf teas are sourced from smaller estates around the world, which the company says secures a fairer price for plantation workers and is kinder to the environment. However, "it's not all kaftans and flower power," says owner Erica Moore. Hot pink and turquoise seating and brightly colored fondant fancies served on vintage cake stands inject the necessary note of playfulness...
BlackRock, though, stressed that it is unlikely that any of those banks would have been willing to make a "deep concession" on price. Nor is it clear that all of the deals, including those with SocGen or UBS, could have been completed. French regulators pressured SocGen and Calyon not to negotiate with AIG. What's more, BlackRock said that investment bank Merrill Lynch, which had recently agreed to be purchased by Bank of America, was not willing to strike a deal. If AIG had then paid off only Merrill's bond insurance in full, the other banks may have balked...
...longing as they watched a movie being made about the game they still loved. I knew firsthand the willingness of Texas high school football players to sacrifice themselves to team and town and winning the state championship. But I was still unprepared for what these young men shared - the price of paralysis that had come from their experience. I fumbled for words. I played into the very thing that not a single one of them wanted: my pity. (See the top 10 sports moments...