Word: withdrawals
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...expected pace on appointments - "I'd love to have all these people in place, but these confirmations take time," admits a senior official. Part of the problem may be that Obama has instituted tougher standards for hiring than previous Administrations had. At some agencies, former lobbyists have had to withdraw from contention because of tougher rules on influence peddlers. But Geithner contributed to the problem himself: after it was discovered that he owed $34,000 in taxes, administration vetters cracked down on any sign of improper tax-filing...
...Environmentalists are insisting that one of the conditions of continuing federal assistance to the automakers is that they withdraw their support for the federal lawsuit filed by the Alliance for Automobile Manufactures in California, which up until now has been supported by both domestic and foreign carmakers...
...ministries and other government offices took place just? hours before Major General David Perkins, spokesman for U.S forces in Iraq, said that American troops would be pared down from 14 to 12 brigades by September, reducing the 140,000-strong force by 12,000. President Barack Obama plans to withdraw all combat troops by September next year, leaving a residual force of up to 50,000 support and training troops. Four thousand British troops are also scheduled to pull out in the next few months...
They don't. "It's a disgrace," says Favre, a retired teacher who is planning to withdraw her investments from UBS when they come to term this summer. "We always believed our country and institutions were superior to anyone else's because they were honest and transparent. But this makes me think we are really no different and no better, so it's time we got off our high horse...
...Take Allied Irish Banks. The country's biggest lender revealed this week that its pretax profit dropped 62% in 2008. The bank's share price slid 90% last year. In any other country, worried customers would already be queuing to withdraw all their money. But so far Ireland has avoided a run on its banks, thanks largely to the government's decision in October to guarantee deposits in six Irish banks, as well as those in five foreign institutions, for two years. The Irish guarantee was heralded in some quarters as a model solution for restoring confidence, with several...