Word: tradings
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...other former titans of the banking business. A few months ago, BofA's CEO was hailed for running a bank so prosperous that it was able to swallow mortgage lender Countrywide Financial and investment bank Merrill Lynch in the depths of the worst banking crisis in recent history. The trade magazine American Banker named Lewis Banker of the Year in December. Now he's fighting to keep his job. And even if he succeeds, he's got a new partner. The government already has a large stake in his bank, with its $45 billion in preferred shares. The government...
...board's history. The hearings will be the title fight in a long-simmering argument over medical-helicopter crashes and how to prevent them. The Federal Aviation Administration (FAA), which has sole power to regulate helicopter flight, and the Association of Air Medical Services, the industry's main trade group, maintain that most accidents have nothing in common, making it difficult for the FAA to impose tough safety rules. "Each accident has a different set of facts that leads up to it," says Peggy Gilligan, the FAA's top safety official. "The data supports that if standards are being...
...also about what MONUC is. In addition to 3,000 extra troops, Doss persuaded the U.N. Security Council to expand MONUC's mandate to allow it to target the commercial drivers of the war: the trade in Congo's minerals, like gold, and the world's largest reserves of coltan, which is needed to make components for cell phones. He continues to argue for an even more muscular approach to enforcing peace. "When we make these statements, when we claim the responsibility to protect, we have to be careful that we have the means to match our mandate," he says...
Since returning to Washington, he has expanded his turf so that it touches on nearly every area of domestic and international policy, from health-care reform to trade. Obama has elevated Summers to a level on par with the President's daily intelligence briefers, asking him to orchestrate work-ups each morning on the deteriorating economy. Robert Gibbs, the White House spokesman, refers to him in briefings as "Dr. Summers," with a deference that suggests Summers has powers out of science fiction. Stopped in a White House hallway in late January, David Axelrod, Obama's closest political aide, speaks with...
...Asia and winning the war on terror. New Delhi views Kashmir as a bilateral issue, and has long resisted what it regards as third-party interference. In recent years, India has sought to isolate the Kashmir issue even further, by seeking to keep it out of other negotiations (over trade and travel, for instance) with Pakistan. "The Indians are allergic to any indication of outside mediation," says Bruce Riedel, a South Asia expert at the Brookings Institution who served as an Obama campaign foreign policy adviser...