Word: saying
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...letter on Wednesday to Bank of America employees, Lewis wrote, "Some will suggest that I am leaving under pressure or because of questions regarding the Merrill deal. I will simply say that this was my decision, and mine alone." It is also abrupt. Just months ago, Lewis told Congress he intended to stay on as head of Bank of America until all the assistance it had gotten from the government to survive the financial crisis had been repaid. It seems unlikely that Bank of America will be able to pay back the government $45 billion anytime soon...
...statement, Bank of America said it plans to name a successor to Lewis before the end of the year. Observers say Brian Moynihan, who in August was promoted to the head of the bank's retail network, is the most likely to replace Lewis. Another possible though less likely contender is Sallie Krawcheck, who was formerly the head of Citigroup's brokerage division and joined Bank of America in August...
Earning a driver's license is a modern-day right of passage for American teens - and for their fretful parents. But even though it marks teenagers' first major step toward independence, researchers say parents can still wield a lot of influence on how safely - or hazardously - that transition unfolds...
...among teens simply by talking with them about driving and enforcing rules for safety - much the way, as has been shown, parents can reduce the risk of substance abuse through conversations about alcohol and drugs. In fact, driving should be considered as dangerous as alcohol and drugs, the scientists say. In 2005, the latest year for which the government has statistics on teen driving, adolescent deaths made up 12% of all deaths from car accidents, and 400,000 teens required treatment in an emergency department due to a motor-vehicle crash. (See pictures of a diverse group of American teens...
Most parents would probably say they talk to their teens about responsible driving, but Ginsburg notes specific techniques that the parents of the safest teen drivers tend to use. These include setting firm rules and boundaries for driving - such as no speeding, no talking on a cell phone or texting while on the road and no driving while intoxicated. Parents of safe drivers also tend to make it a point to explain to their children that the reason for their rules is to ensure the child's safety. ?They have to see the rules as a safety issue...