Word: alongism
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Dates: during 2000-2009
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...Once Congress does go along with letting Obama's Treasury Secretary have access to the $350 billion still left from the money that was allocated for the TARP, a great deal of it may be going right back out to banks. The forecast now is that Citigroup (C) could lose $10 billion this quarter. A look at what is happening to consumer credit, LBOs, and the alarming increase in corporate bankruptcies means that Citi may need more than one injection of capital this year. The same holds true for Bank of America and a number of other financial firms which...
Spending Where it Counts Re Inbox Dec. 22: Sol Kerzner, along with other South African hoteliers, donated a large sum to kick-start the fund for a new hotel school at the University of Johannesburg. Without this the school probably would not exist today. After the tragic death of Sol's son, the family started the Butch Kerzner memorial bursary fund for underprivileged gifted children to study in the hospitality industry. This will fund up to 10 children's studies next year. Beside all this is the example Kerzner has set for others to grow our industry. Henk Bredenoord...
...learning ever more about the local weirdness, the legacy of an experiment aimed at manipulating space-time. At the end of Season 4, the island's Einsteinian juju caused it to vanish, taking most of the castaways with it, while six escapees realize they have to return--along with a villain now allied with them, plus a dead guy--to prevent a catastrophe...
Hamas sources say that the impasse between the Egyptians and Hamas was broken by Turkish envoy Ahmad Oglu who volunteered Turkish forces to be placed along the Egyptian-Gaza border to stop arms trafficking. Hamas has agreed to the Turkish offer, this source says. Before withdrawing troops and tanks, Israel wants a guarantee that the Egyptian border will be sealed off so that Hamas can no longer smuggle in Iranian-made rockets to shoot at Israeli cities. So far, Israel and Hamas have failed to agree on the length of the ceasefire proposed by the Egyptians. Israel wants...
TIME's Azmy Keshawi reported by telephone from Gaza that Israeli tanks were advancing on Gaza City along the coastal road, backed by heavy shelling from navy gunships. "One navy shell hit a 13-story apartment building," says Keshawi. "Then when the fire trucks arrived and the firemen were carrying out the injured, a second shell struck the building, and through the clouds of dust I could see many were wounded...