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...which could derail the recent rally. Not only will banks' earnings probably be down in the first quarter, Treasury Secretary Timothy Geithner's plan to rid the banks of their troubled loans suggests there could be billions more in losses as banks offload these loans in the quarters ahead. What's more, a number of banks have yet to deal with a requirement to recapitalize their large trove of off-balance sheet assets, which will put further strain on banks already strapped for cash...
...work of New York's Climate Change Adaptation Task Force - a group of city, state and federal agencies that control vulnerable infrastructure. Though the adaptation plans are in their early stages, the mayor's office is already beginning to prepare the most vulnerable neighborhoods. That puts New York well ahead of any other major metropolis - and certainly the Federal Government - in taking a dead reckoning of the risks of global warming. "They've been quite brave in putting this out there," says Marcia Bystryn, president of the New York League of Conservation Voters. "This is a model plan...
...drive in sophomore Emily Henderson, but the Harvard bats were not finished. With two outs in the inning, Schellberg doubled in two runs and was driven in herself by Francis’ double to left field. Harvard took the field in the top-half of the fourth inning ahead 4-0—a comfortable lead with Brown on the mound. The rookie phenom continued her dominance as a starter, pitching four scoreless innings, allowing two hits and striking out nine. “I felt good going out, and I had a few days off leading...
...toughest battle ahead for the Gurkha tradition may lie in Kathmandu. In the augury of events since the Maoists seized power in Nepal last year, marking an end to a decade-long armed struggle, rebel leader turned Prime Minister Pushpa Kamal Dahal has openly expressed his antipathy for the practice of young Nepalese men serving in foreign armies as mercenaries for hire. Once in office, he announced that he would discontinue Gurkha recruitments, an undignified and degrading legacy in his eyes. (See pictures from Nepal's elections...
...this weekend. The festivities, which will span the Franco-German border, are suffused with the symbolism of a Cold War that brought NATO into being but whose end left the Alliance with no clear mission or identity. Hence the title of this anniversary summit: "NATO in 2020: What Lies Ahead...