Word: wealth
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Many analysts believe that the Merrill deal, while risking the solvency of Bank of America, will end up being a boon for the bank. Merrill still has a strong investment-banking franchise, and even in the depth of the financial crisis, its wealth-management business continued to be profitable. Nonetheless, Lewis won't be around to see the fruits of the deal...
...famous Basilica de San Marco toward the docks to watch Venice's ruler, the Doge, board a vessel, sail into the harbor and drop a gold ring into the waters. This very public act symbolized Venice's divine marriage to the Adriatic Sea, the key to its Doge's wealth and power...
...treaty will create an overly centralized E.U. and take away individual state decision-making powers, another no vote would give the unpopular government led by Prime Minister Brian Cowen's Fianna Fail Party its just deserts. Cowen's critics say that Fianna Fail squandered Ireland's wealth during the boom years and mishandled the country's economic recovery efforts. But it could also leave the E.U. reeling - officials fear a no vote could permanently sidetrack efforts to overhaul the aging institution...
...Cost of Wealth...
...sustenance to date has certainly surprised many leading China watchers. But, going forward, the major challenge to the Party will likely be its ability to deliver adequate "public goods" to the population: health care, education, environmental protection and other social services. Providing stability and ever increasing personal wealth will not be enough to guarantee the Party indefinite legitimacy - it must continuously improve the quality of life of its citizens. This is China's new revolution: the revolution of rising expectations...