Word: powerized
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...issue for the Administration, compared with health care, the stimulus bill and cap-and-trade legislation. But substantively, Obama and Geithner's proposal has the potential to dramatically change the way America does business. The two men have proposed creating a consumer-financial-protection agency that would have broad power to police financial firms by, for instance, ensuring they are complying with rules protecting consumers from things like predatory lending and deceptive practices. Geithner also wants to consolidate the work of some of the regulators, in particular giving broad new authority to the Federal Reserve to police Wall Street...
...semi-independent regulators and Capitol Hill. "No one's supporting the Administration proposals," says a senior official at one of the regulatory agencies. "Everyone's opposed in one way or another." Some Senators, including the banking committee's top Republican, Richard Shelby, dislike the broad regulatory and oversight powers of the consumer-protection agency and are strongly opposed to increasing the power of the Federal Reserve. Other regulators, like the FDIC and the Comptroller of the Currency, don't want to lose their power to supervise banks and financial institutions in the consolidation that Geithner has proposed...
...weeks later, as Ahmadinejad was sworn in by Iran's parliament on Aug. 5, the Islamic Republic remains in the grip of an unprecedented political crisis over the legitimacy of both men - a crisis that shows no sign of abating, either on the streets or inside the corridors of power. (Read "Khamenei: The Power Behind the President...
...ready for casualties from the anticipated protests. And the Aug. 3 ceremony in which Khamenei formally acknowledged Ahmadinejad's election victory was marked both by a noticeable awkwardness between the two men, and the noteworthy absence of some key figures in the regime, that may have reflected the bruising power struggle under way among the heavyweights of the Islamic revolution. For the first time in 20 years, the event was not broadcast live, a move many suspected was made to prevent the public from witnessing a few political black eyes or metaphorical missing teeth. (See pictures of the enduring influence...
...that protesters are still taking to the streets - as hundreds did on Aug. 3, while Khamenei was formally confirming Ahmadinejad - is, in itself, remarkable. After all, to protest now is to risk a cracked head, or far worse; for all the mixed signals from Iran's top echelons of power, the security forces have exhibited few qualms about doing whatever it takes to quiet the streets, including the imprisoning of an estimated 2,000 opposition supporters. And all those taking to the streets are well aware that a number of detainees have died in the regime's custody. The taped...