Word: savings
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Dates: during 2000-2009
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Will complaining that government pressure to "save" Merrill and Countrywide get Bank of America more favorable terms than other firms that the government says need more cash? Probably not, but it is all B of A has left to make a case that its balance sheet issues are not entirely its fault...
...city's celebrated history, refurbished local machiya hold plenty of promise. Most of these simple wooden merchant homes, dating back to Japan's Meiji period (1868-1912), have been demolished or become dilapidated, but Iori, a conservation company founded by author and Japanologist Alex Kerr, is working to save those that remain. It currently has 10 fully refurbished properties available, ranging from a tiny intimate house sleeping two to a rambling mansion...
...earned praise from animal welfare groups, who say that seals are sometimes skinned while still conscious. "The Parliament has hammered the final nail in the coffin of the sealing industry's market in the E.U.," said Lesley O'Donnell, from the International Fund for Animal Welfare. "The decision will save millions of seals from a horrible fate," added Humane Society International director Mark Glover...
...quite. In fact, Canada is paying a significant premium over the U.S. to save Chrysler jobs at home, with no guarantees that the billions it is laying at the automaker's door will ever be repaid or do anything to help maintain the country's 20% production share of the North American auto industry...
...Canadian rescue package works out to more than $340,420 for every employee at Chrysler Canada, which has 9,400 hourly and salaried workers on payroll. That's 15% more than the $295,000 per employee that Washington is shelling out to save about 40,000 Chrysler jobs in the U.S. "This money will never be paid back to the Canadian government," says Toronto auto analyst Dennis DesRosiers, with DesRosiers Automotive Consultants. "The deal has been spun in a positive way, but if taxpayers understood what's really going on, they would revolt...