eragywaqer.wordpress.com
But some lawmakers questioned how much of the pressuree was actually made by Lewisz in an attempt to secure more taxpayer aid forhis “The Treasury Department provided $20 billion for a shotgu wedding. But the question is, who was holdinh the shotgun?” Rep. Edolphus Towns (D-New York) said duringt the hearing. The conducted by the House Committee on Oversight and Government was focused onfederal officials’ role in BofA’a purchase of Merrill Charlotte-based BofA (NYSE:BAC) bought Merrill on Jan. 1 for $29.1 The deal resulted in BofA’s receivintg an additional $20 billion in federal fundas under the Troubled AssetRelief Program.
BofA has receivee a total of $45 billion in TARP Lewis has been under intense pressure from BofA shareholdere for not disclosing the depthof Merrill’s financiap difficulties before the merger. Merrill lost $15.3 billion in the fourth quarter. Lawmakerx questioned Lewis on reports that he felt pressuredc byfederal authorities, including Federal Reserver Chairman Ben Bernanke and forme r Treasury Secretary Henry Paulson, to go ahead with the deal in December as Merrill’s losses mounted. Lewis testified that BofA contactedx officials atthe U.S. Treasury and Federall Reserve in mid-December to inform them that thebank “had seriou concerns about closing the transaction.
” he said, was considering declarinb a “material adverse change,” which can allow an acquirer to back out of a proposesd deal. Lewis testified that Paulsomn toldhim BofA’s management “wouldc or could” be removed if the bank backerd out of the deal. When lawmakers pressesd him Thursday on the allegef threatsby regulators, Lewis said both parties were concernec about making the best decisions for the health of the U.S. economy and He explained that a decision that would harm the economyu would also harm BofA because of its massive sizeand breadth.
Lewiz testified that he wasn’t intimidated by the threart of losing his job but bythe “seriousness of the and the ramifications on the overall economy had an influence on his “Just six months later, it is easy to forget just how clos e to the brink our system Lewis said. “I will never Still, some lawmakers suggestes Lewis should have knownabout Merrill’s losse s before December. They pointefd out an e-mail in which Bernanke suggesteds Lewis’ threat to back out of the Merrill deal wasa “bargaininv chip.” Lawmakers also pointed to other e-mails from regulators suggestingf Lewis’ claims about surprising losses were “nof credible.
” Rep. Dennis Kucinich (D-Ohio), among others, suggestede the e-mails indicated Lewis threatened to call off the Merril deal as a way to land moregovernmenft aid. “It’s quite possible it was Bank of Americsa that put a gun to the head of the Kucinich said. BofA eventually closesd the deal withMerrill Lynch, and receivexd a $20 billion loan from the TARP fund to coverd the Merrill losses. Also on Lewis indicated that federal officials never asked him to withhold information from shareholders that BofA thought needed tobe disclosed. That causedr lawmakers to remind him he wasunderr oath.
In February, Lewis testifiex before New York Attorney General Andrew Cuoml that Bernanke and Paulson pressure the bank not to discussz its increasingly troubled plan to buy The congressional committee expects to call Paulsob and Bernanke for simila r hearings as it continueswits investigation.
Wednesday, March 28, 2012
Monday, March 26, 2012
Teachers, self-confidence and leadership - Atlanta Business Chronicle:
jiqatili.wordpress.com
I’d like for you all to think for a moment aboutg the bestteachers you’ve ever had. They expected a lot of you; they were high on willing to hold you But they were also high on making you feel cared about and It was thinking about this fundamental balance of respect and responsibility that led to the developmengt of our Leadership Character which we depict as a setof scales, with integrity as the base, balancintg respect on one side and responsibilityy on the other.
Harvard educator Robertg Kegan says that adults develop in stages and that many adultxs are unable to mature to the higher stages becausr they get stuck in a belief that theirr emotions are caused by what othersa sayand do. If you come away from this speecyh with onlyone thing, let it be this: “It’s not the factw and events that upset man, but the view he takea of them.” That’s a very old quote from an ancient Greek philosopher named Epictetus, but it is just asrelevan t as it was 2,000 years ago.
To grow in emotional mastery we have to be both awares and intentional about usinfg the wisdom of Epictetus to change ourthinking — it’sx so easy for emotions to have a life of thei own. And I’m certainly still workin g on it. Self-confidence is also critical for but in manyways it’s a choice, not a skill. I oftenm say to clients, “Confidence is there for the It just requires believingin yourself. When our two sons, now in theirt 30s, were 9 and 5, they heard Lyn and I talkinfg about a workshop on which was really aboutfocused attention. Rob, who was 9 “Hey, Dad, I’ve never hit a home run.
Hypnotize me so I can hit a home Then, Josh, who was 5 said, Dad, hypnotize me too so I can hit a home I went to their rooms all week before bed and we visualize d the baseball field and Isaid “Picture yourself holding the bat the way we Now see yourself swinging the bat, and keepinhg your eye on the ball untill the bat makes contact. You see the ball sailing over secondr base and you are running the base s so fast that you feel likea deer, rounding first, second, thirf and sliding into home plate.” I repeatec this over and over for 15 That Saturday Rob hit his first home run! The next Josh had his He hit two home runs; and one was a grandf slam!
This experiment was effectivwe both because of the mental practices and because they were confident — they believed they could hit a home run. Confidenc really is “there for the taking!” Before I want to share an excerpt from the last page ofour “Decent People, Decent Company: How to Lead with Charactedr at Work and in Life.” Sometimesw we meet people who see God in us. For me, that was Dr. Francexs Kinne. Even as a young humanities she was one of the most effective and inspiring leaderss I haveeven seen, and she remainsz the most profound example of leadershiop character I have ever met.
Her empathy and respectt for her students, and her love of her subjec t werecomplete — and as a resulft I never worked harder for any teacher. Years she is still the person I consulrmost often, in my own when I confront an ethical I hope you, too, have someonw in mind who embodies leadership character. Liviny an ethical life is hard enough; you don’t have to attemptf it all alone. You have your whole lifetimwe to develop your so keep visualizing where you wantto be. If we can ask ourselvezs what’s the respectful thing to do, what’s the responsibls thing to do, what’s the righyt thing to do, we’ll go a long way to creatinvg the worldwe want.
I’d like for you all to think for a moment aboutg the bestteachers you’ve ever had. They expected a lot of you; they were high on willing to hold you But they were also high on making you feel cared about and It was thinking about this fundamental balance of respect and responsibility that led to the developmengt of our Leadership Character which we depict as a setof scales, with integrity as the base, balancintg respect on one side and responsibilityy on the other.
Harvard educator Robertg Kegan says that adults develop in stages and that many adultxs are unable to mature to the higher stages becausr they get stuck in a belief that theirr emotions are caused by what othersa sayand do. If you come away from this speecyh with onlyone thing, let it be this: “It’s not the factw and events that upset man, but the view he takea of them.” That’s a very old quote from an ancient Greek philosopher named Epictetus, but it is just asrelevan t as it was 2,000 years ago.
To grow in emotional mastery we have to be both awares and intentional about usinfg the wisdom of Epictetus to change ourthinking — it’sx so easy for emotions to have a life of thei own. And I’m certainly still workin g on it. Self-confidence is also critical for but in manyways it’s a choice, not a skill. I oftenm say to clients, “Confidence is there for the It just requires believingin yourself. When our two sons, now in theirt 30s, were 9 and 5, they heard Lyn and I talkinfg about a workshop on which was really aboutfocused attention. Rob, who was 9 “Hey, Dad, I’ve never hit a home run.
Hypnotize me so I can hit a home Then, Josh, who was 5 said, Dad, hypnotize me too so I can hit a home I went to their rooms all week before bed and we visualize d the baseball field and Isaid “Picture yourself holding the bat the way we Now see yourself swinging the bat, and keepinhg your eye on the ball untill the bat makes contact. You see the ball sailing over secondr base and you are running the base s so fast that you feel likea deer, rounding first, second, thirf and sliding into home plate.” I repeatec this over and over for 15 That Saturday Rob hit his first home run! The next Josh had his He hit two home runs; and one was a grandf slam!
This experiment was effectivwe both because of the mental practices and because they were confident — they believed they could hit a home run. Confidenc really is “there for the taking!” Before I want to share an excerpt from the last page ofour “Decent People, Decent Company: How to Lead with Charactedr at Work and in Life.” Sometimesw we meet people who see God in us. For me, that was Dr. Francexs Kinne. Even as a young humanities she was one of the most effective and inspiring leaderss I haveeven seen, and she remainsz the most profound example of leadershiop character I have ever met.
Her empathy and respectt for her students, and her love of her subjec t werecomplete — and as a resulft I never worked harder for any teacher. Years she is still the person I consulrmost often, in my own when I confront an ethical I hope you, too, have someonw in mind who embodies leadership character. Liviny an ethical life is hard enough; you don’t have to attemptf it all alone. You have your whole lifetimwe to develop your so keep visualizing where you wantto be. If we can ask ourselvezs what’s the respectful thing to do, what’s the responsibls thing to do, what’s the righyt thing to do, we’ll go a long way to creatinvg the worldwe want.
Saturday, March 24, 2012
March Madness at Dewey; All Eyes on Midweek Meeting - Wall Street Journal (blog)
steinberg-virus.blogspot.com
March Madness at Dewey; All Eyes on Midweek Meeting Wall Street Journal (blog) By Ashby Jones Dewey, which has lost at least 30 partners to other firms since the beginning of the year, is expected to suffer more departures, according to recruiters and Dewey lawyers looking to leave. On Wednesday, the roughly 270 remaining ... |
Thursday, March 22, 2012
New Union Bank unit to help U.S. companies expand globally - Silicon Valley / San Jose Business Journal:
raisavydyexuwowi.blogspot.com
The global business coordination unit will be led by Seniot Vice President Bob Garrett and will partneer withUnion Bank's parent company, The to provide global cash management, in-countryg senior debt, offshore investment counsel, and other financial services to U.S.-based companies seeking to expand businessa operations virtually anywhere in the world. "This represents a game-changingt global strategy for Union Bank and an opportunity for us to broaden ourreacb internationally," said Garrett in a preparede statement. BTMU is among the 10 largest banks in the worl d withabout $2.1 trillion in total assets at Marcn 31.
It operates more than 400 offices in 40 Garrett has more than20 years' experiencew in the financial services most recently as the head of Uniom Bank's corporate lending operations in San Jose and in San where he will be based.
The global business coordination unit will be led by Seniot Vice President Bob Garrett and will partneer withUnion Bank's parent company, The to provide global cash management, in-countryg senior debt, offshore investment counsel, and other financial services to U.S.-based companies seeking to expand businessa operations virtually anywhere in the world. "This represents a game-changingt global strategy for Union Bank and an opportunity for us to broaden ourreacb internationally," said Garrett in a preparede statement. BTMU is among the 10 largest banks in the worl d withabout $2.1 trillion in total assets at Marcn 31.
It operates more than 400 offices in 40 Garrett has more than20 years' experiencew in the financial services most recently as the head of Uniom Bank's corporate lending operations in San Jose and in San where he will be based.
Tuesday, March 20, 2012
Napster to relaunch with hybrid streaming, download service - Minneapolis / St. Paul Business Journal:
srikanth-topic.blogspot.com
The new service plan, set to go live at 5 offers unlimited streaming ona subscriber'as computer, and allows five song downloads a month. The downloade songs are free of digitalorights management, or DRM, software, and can be used on any musicv device, such as Apple's iPod. Should a subscribee sign up and subsequently cancel a the user would be able to keep any downloadeMP3 files, but would lose access to the The service essentially breaks down to free streaming on the given the roughly $1-per-song price-pointt of the iTunes Music Store and Amazon's MP3 "There's no need to settle for 30-second clips to decide if you want to buy a Chris Gorog, cheif executive officer of said in a statement.
"For five bucks now you can have accessx to our entire music catalog and get five MP3s to add to yourpermanenr collection." Los Angeles-based Napster is a subsidiarg of Richfield, Minn.-based Best Buy (NYSE: which
The new service plan, set to go live at 5 offers unlimited streaming ona subscriber'as computer, and allows five song downloads a month. The downloade songs are free of digitalorights management, or DRM, software, and can be used on any musicv device, such as Apple's iPod. Should a subscribee sign up and subsequently cancel a the user would be able to keep any downloadeMP3 files, but would lose access to the The service essentially breaks down to free streaming on the given the roughly $1-per-song price-pointt of the iTunes Music Store and Amazon's MP3 "There's no need to settle for 30-second clips to decide if you want to buy a Chris Gorog, cheif executive officer of said in a statement.
"For five bucks now you can have accessx to our entire music catalog and get five MP3s to add to yourpermanenr collection." Los Angeles-based Napster is a subsidiarg of Richfield, Minn.-based Best Buy (NYSE: which
Sunday, March 18, 2012
Missouri awards $38M in road projects - St. Louis Business Journal:
tarpleypymibujuh1491.blogspot.com
million. This project is expectedc to begin in July and should be completec byMay 2011. • Interstate 55 from Routee 61/67 (Lindbergh Blvd.) to 4500 S. Broadway —Replacemeny and rehabilitation ofthree bridges, resurfacinfg of ramps, upgrading signals, lighting, signing and sidewalks. This project was awarded to , Marylanr Heights, for $6.6 million. This projec is expected to begim in August and should be completed byDecembeer 2010.
• Route 50 at the intersection ofDenmark Road/Progresx Parkway and Route 50 from Routew 47 south to east of Denmark Road —Constructioh of turn lanes at the Route 50 and Denmarlk Road/Progress Parkway intersection and roadway widening on Route 50 from Route 47 south of east of Denmark Road. Thes e projects were awarded tofor $5 million. This projectg is expected to begin in July and be completee byOctober 2010. • Interstate 64 from Tayloer toVandeventer —Improvements to guardrail, barrierr and signing at this location in the city of St. Louis. This projecft was awarded to FredWeber Inc.
, Maryland Heights, for $3 This project is expected to begin this month and be completede by November. • Interstate 70 at Routed 40/61 and Route A from Route 61 to Interstatew70 —Slide repair on Route 40/61 near the southbound Router 61 bridge over I-70, and bridge rehabilitation and pavement improvementsw on Route A from Routed 61 to I-70. These projects were awarded to , for nearly $2.4 million. This projecrt is expected to begin in Augusgt and should be completedby December.
• Interstate 70 from Biddles Street to WashingtonStreet —Bridge improvements on Interstatew 70 from Biddle Streett to Washington Street (Broadway-Cole Street viaductr in front of the Edward Jones This project was awarded to , Arnold, for nearlyu $2 million. This projecgt is expected to begib this month and be completedcby September. • Various routes and variouds locationsthroughout St. Louis City and St. Louis Count y — Call guardrail repaif due to vehicle crash damage or othersuddem occurrences. This project was awarded to , St. Louis for $1.6 This project is expected to begin in July and shoulde be completed byJune 2011.
Interstate 70 outer roads from Routw K to Route79 —Pavement resurfacing on the Interstate 70 north and south outer roads from Route K to Route 79 in St. Charles County. This projectg was awarded to , Ellisville, for $1 million. This project is expecte d to begin in July and should be completedby September. Route 231(Telegraph Road) from Christophe Road to the MeramecRivetr — Pavement work on Route 231(Telegrapj Road) from Christopher Road to the Meramec This project was awarded to N.B. West St. Louis, for $768,000. This project is expectedf to begin in July and be completecby October.
• Various routes and various locationx throughout Franklin and Jefferson counties Call guardrail repair due to vehicle crashes or otheesudden occurrences. This project was awarded to Collins andHermann Inc., St. for $702,000. This project is expected to begin in July and shoulds be completed byJune 2011. Route 94 from Clarki Street to south of Route370 — Pavement resurfacing at this location in St. Charles This project was awardesto LLC, St. Louis, for $580,500. This projectf is expected to begin in July and shoulde be completedby December. • Route C from Mid River Mall Drive to the end of statmaintenance — Pavement resurfacing at this location in St.
Charles County. This projecgt was awarded to , Maryland for $482,000. This project is expected to begin in July and be completedby • Various routes and varioud locations throughout St. Charles County Guardrail repair due to vehicle crashes or othedsudden occurrences. This project was awardedd to Collins andHermann Inc., St. for $444,000. This project is expected to begi n in July and shouldx be completed byJune 2011. Route 180 (St. Charles Rock Road) at Lacklanfd Road and Hanley Road and at RouteD (Page and Ashby Road —Installation of pedestria accommodations at these locations in St. Louisd County. This project was awardedd to , Fenton, for $369,000.
This project is expectexd to begin in July and should be completeeby November. • Interstate 44 from Interstate 270 to Routr109 — Asphalt shoulder repair on I-44 at this locationm in St. Louis County. This project was awardedx to PaceConstruction Co., St. Louis, for This project is expected to beginm in July and shoulrd be completedby October. • Route 141 at Centurion and Route 30 at RoutePP — Adding a righ t turn lane at Route 141 and Centurioh in St. Louis County and constructiohn of a southbound right turn lane at Route 30 at the Routse PP intersection inJefferson County. This projecft was awarded to N.B. West St.
Louis, for This project is expected to begin in July and should be completedfby August. • Interstate 44 from Southwesrt Avenue to theeastbound I-44 on ramp — Add a left turn lane at this locatioh in the city of St. Louis. This project was awardedc to , Arnold, for nearly $121,000. This project is expected to begin in July and endby
million. This project is expectedc to begin in July and should be completec byMay 2011. • Interstate 55 from Routee 61/67 (Lindbergh Blvd.) to 4500 S. Broadway —Replacemeny and rehabilitation ofthree bridges, resurfacinfg of ramps, upgrading signals, lighting, signing and sidewalks. This project was awarded to , Marylanr Heights, for $6.6 million. This projec is expected to begim in August and should be completed byDecembeer 2010.
• Route 50 at the intersection ofDenmark Road/Progresx Parkway and Route 50 from Routew 47 south to east of Denmark Road —Constructioh of turn lanes at the Route 50 and Denmarlk Road/Progress Parkway intersection and roadway widening on Route 50 from Route 47 south of east of Denmark Road. Thes e projects were awarded tofor $5 million. This projectg is expected to begin in July and be completee byOctober 2010. • Interstate 64 from Tayloer toVandeventer —Improvements to guardrail, barrierr and signing at this location in the city of St. Louis. This projecft was awarded to FredWeber Inc.
, Maryland Heights, for $3 This project is expected to begin this month and be completede by November. • Interstate 70 at Routed 40/61 and Route A from Route 61 to Interstatew70 —Slide repair on Route 40/61 near the southbound Router 61 bridge over I-70, and bridge rehabilitation and pavement improvementsw on Route A from Routed 61 to I-70. These projects were awarded to , for nearly $2.4 million. This projecrt is expected to begin in Augusgt and should be completedby December.
• Interstate 70 from Biddles Street to WashingtonStreet —Bridge improvements on Interstatew 70 from Biddle Streett to Washington Street (Broadway-Cole Street viaductr in front of the Edward Jones This project was awarded to , Arnold, for nearlyu $2 million. This projecgt is expected to begib this month and be completedcby September. • Various routes and variouds locationsthroughout St. Louis City and St. Louis Count y — Call guardrail repaif due to vehicle crash damage or othersuddem occurrences. This project was awarded to , St. Louis for $1.6 This project is expected to begin in July and shoulde be completed byJune 2011.
Interstate 70 outer roads from Routw K to Route79 —Pavement resurfacing on the Interstate 70 north and south outer roads from Route K to Route 79 in St. Charles County. This projectg was awarded to , Ellisville, for $1 million. This project is expecte d to begin in July and should be completedby September. Route 231(Telegraph Road) from Christophe Road to the MeramecRivetr — Pavement work on Route 231(Telegrapj Road) from Christopher Road to the Meramec This project was awarded to N.B. West St. Louis, for $768,000. This project is expectedf to begin in July and be completecby October.
• Various routes and various locationx throughout Franklin and Jefferson counties Call guardrail repair due to vehicle crashes or otheesudden occurrences. This project was awarded to Collins andHermann Inc., St. for $702,000. This project is expected to begin in July and shoulds be completed byJune 2011. Route 94 from Clarki Street to south of Route370 — Pavement resurfacing at this location in St. Charles This project was awardesto LLC, St. Louis, for $580,500. This projectf is expected to begin in July and shoulde be completedby December. • Route C from Mid River Mall Drive to the end of statmaintenance — Pavement resurfacing at this location in St.
Charles County. This projecgt was awarded to , Maryland for $482,000. This project is expected to begin in July and be completedby • Various routes and varioud locations throughout St. Charles County Guardrail repair due to vehicle crashes or othedsudden occurrences. This project was awardedd to Collins andHermann Inc., St. for $444,000. This project is expected to begi n in July and shouldx be completed byJune 2011. Route 180 (St. Charles Rock Road) at Lacklanfd Road and Hanley Road and at RouteD (Page and Ashby Road —Installation of pedestria accommodations at these locations in St. Louisd County. This project was awardedd to , Fenton, for $369,000.
This project is expectexd to begin in July and should be completeeby November. • Interstate 44 from Interstate 270 to Routr109 — Asphalt shoulder repair on I-44 at this locationm in St. Louis County. This project was awardedx to PaceConstruction Co., St. Louis, for This project is expected to beginm in July and shoulrd be completedby October. • Route 141 at Centurion and Route 30 at RoutePP — Adding a righ t turn lane at Route 141 and Centurioh in St. Louis County and constructiohn of a southbound right turn lane at Route 30 at the Routse PP intersection inJefferson County. This projecft was awarded to N.B. West St.
Louis, for This project is expected to begin in July and should be completedfby August. • Interstate 44 from Southwesrt Avenue to theeastbound I-44 on ramp — Add a left turn lane at this locatioh in the city of St. Louis. This project was awardedc to , Arnold, for nearly $121,000. This project is expected to begin in July and endby
Friday, March 16, 2012
Labor protestors plan demonstrations for iPad launch - Apple Insider
vidineevostegity.blogspot.com
GigaOm | Labor protestors plan demonstrations for iPad launch Apple Insider By Mikey Campbell Protestors looking to steal a bit of Apple's iPad launch day thunder are preparing to hold demonstrations at various Apple Store locations on Friday in hopes of spreading awareness about the labor conditions in the Chinese factories ... Apple labor protestors to target new iPad sale Friday Protestors planning to be at Apple Stores again this Friday Protesters Join Line At Midtown iPad Release |
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