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...head this summer. Bank of America had struck a deal with the SEC to pay $33 million to end an investigation into whether some unnamed Bank of America executives had mislead shareholders when it purchased Merrill. The SEC alleges that in early December, on the eve of a vote to approve the Merrill deal, Bank of America executives told shareholders that no bonuses would be paid to Merrill executives prior to the acquisition. In fact, Bank of America had agreed more than a month earlier to approve the payment of more than $5 billion in year-end bonuses to Merrill...
...most likely way that a public option could end up part of the finished product is as a backup plan. Maine Republican Olympia Snowe, who has been publicly courted by the White House as the most probable member of her party who might vote for reform, has offered an amendment that calls for a public option to kick in down the line only if private insurers don't do enough to offer affordable health-insurance choices. According to the text of her amendment, a public option would be offered if at least two private insurers didn't offer plans that...
...House, where many conservative Blue Dog Democrats have said they will not vote for a bill that contains a public option, wrangling over the proposal is not quite so public. House Speaker Nancy Pelosi is in the process of merging bills from the three committees there with jurisdiction over health care, and the design of the public plan is one of the sticking points. The original version of the House bill contained a public option that would have set its reimbursement rates above, but still tied to, Medicare rates. But an amendment that passed in the House Energy Committee would...
...victor. Sure, German Chancellor Angela Merkel retained her grip on the post. But Guido Westerwelle, the head of the Free Democrats, was the real winner, becoming the first openly gay leader of a governing German party. Though Merkel's conservative Christian Democrats pulled in one-third of the vote - less than in 2005 - Westerwelle's party captured 14.6% of the ballots, a 4.7% increase that was the largest of any group. Germany will now be ruled by a coalition of the two parties. Following German tradition, Westerwelle is slated to become Germany's next Foreign Minister and Vice Chancellor...
...traveled the country in a bright yellow bus dubbed the Guidomobile to campaign. That same year, he painted the soles of his shoes in the party's trademark yellow with the number 18 to show what share of the vote he targeted, though he ended up getting just 7.4%. (Read "Why Germany Can't Restart The Engine...