Word: america
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...valuable to look at the shares of GE through the eyes of common sense. The company has lost $300 billion of market capitalization in about a year. During the same period, Citigroup has lost $130 billion in market cap. Bank of America has lost $200 billion. Since GE's financial services business is not the majority of its revenue, the destruction of it market value seems extreme. Balance sheet jockeys would say that the trouble the market fears is hidden within GE's asset base and will jump out to eviscerate earnings soon. So far there is no sign that...
...Just like Detroit, Bank of America (BAC), and Citigroup (C), AIG is playing a game of chicken with Washington that the government does not feel it can afford to lose. Imagine what it would be like if all of these businesses failed at the same time. (Read a TIME story on why the government wouldn't let AIG fail...
...after Timothy Geithner was appointed Secretary of the Treasury, about a month ago, Camden Fine got a call requesting his presence. The head of the Independent Community Bankers of America, a Washington-based association of thousands of small banks, was asked if he could meet Geithner the following day. When Fine showed up, he and an aide were escorted to the Secretary's office, in which sat Geithner and Gene Sperling, a former top economic adviser to President Clinton. The four talked for an hour. Fine spoke most of the time. Geithner took notes and asked follow-up questions...
House: Currier Concentration: English Hometown: South Londonderry, Vermont, America Ideal Date: Eating Nutella and watching The Colbert Report on a rocket ship What you look for in a girl/guy: That she is not a girl/guy Where to find you on a Saturday night: thewarble.com Your best pick up line: Wait! Don’t drink that. I am a scientist. Best or worst lie you’ve ever told: Man, I would kill for some cereal right now. Something you’ve always wanted to tell someone: Oh my God, look at all these babies I just saved...
...marches by hooded demonstrators outside the homes of Jewish citizens and calls for the boycotting of Jewish stores in some provincial cities, in response to the incidents in Gaza, have set off alarm bells ringing in the Jewish community here, which at 300,000 is the largest in Latin America. "It's very worrying," says Aida Ender, who migrated with her parents from Europe escaping from the Holocaust 60 years ago and who is part of an e-mail chain that reports on anti-Semitic activity among other survivors. "In the smaller cities of the provinces they are painting swastikas...