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...substantive bill may be good enough for Geithner, who may have the most at stake. He survived the terrible start of his tenure at Treasury and managed to lead the Administration's efforts to stabilize the markets under constant attack. But he continues to struggle with the impression that he is soft on Wall Street, having come from the New York Fed (and having played a part in the crisis dealings with Lehman Brothers and AIG last fall), which is considered more sympathetic to the financial industry than some Washington overseers. To truly succeed as Treasury Secretary, insiders say, Geithner...
...their view, the insurance companies were being thrown under the bus. During an Aug. 4 conference call with reporters, Karen Ignagni, lead lobbyist for the industry, described the Democrats' marketing push as a new campaign "launched to demonize health plans" and "the same-old Washington politics of 'find an enemy and go to war.' " Said Ignagni before declaring insurers' support for reform: "Attacking our community will not help get anyone covered...
...loss of an important industrial partner. All that has raised concerns that CEO Anne Lauvergeon - who fused a disparate collection of firms into the first one-stop-shop nuclear conglomerate, winning plaudits and the nickname "Atomic Anne" along the way - has dangerously overreached. "Areva had built a big lead and a lot of momentum coming into this nuclear renaissance, but the various problems it has encountered, and advances by its competitors, are eating that away," says Alex Barnett, equities analyst in Paris for investment bank and brokerage Jefferies. "No one ever thought Areva was going to be the only player...
...Luckily for Areva, it retains a handy lead over its rivals. Created in 2001 when Lauvergeon combined state-owned uranium-mining and fuel-recycling company COGEMA with nationalized reactor builder Framatome, Areva is still the first place that countries or power companies go when looking for all of their nuclear services - supplying and enriching uranium, building and managing plants, disposing of their waste - under a single roof. The Paris-based firm operates in more than 100 countries and employs some 75,000 people. Its order book boasts an impressive $67.5 billion worth of contracts, the most in the business...
...manufacturing is on the way out and finance has been rendered incapable of serving as a foundation for our economy, green technology provides an excellent business opportunity for the United States. China has already realized this, and is building the industry at a rapid rate. We can retake the lead by supplying clean energy to much of the developing world, and easing their transition to environmentally-friendly economies. To ensure that the treaty would be effective, the investment should mandate emissions cuts in developing nations—cuts that these countries would hopefully accept in return for Western funding...