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Lewis has also been heavily criticized for putting the bank in a financial position where it is unlikely to pass the government's bank stress test which means it will have to raise more money. Among other things, this will dilute common shareholders and may even jeopardize the value of some of the bank's bonds...
...Left Ecuadorians handily re-elected President Rafael Correa on April 26, endorsing his policies of "21st century socialism" and of blaming capitalism for the global economic crisis. Correa, who has refused to pay some foreign debts and has increased social programs for the poor, has plenty of company among regional leaders...
...nationalized oil and telecommunications industries, among others...
...company donates "seven figures a year," according to Simon, to the Omaha Symphony, the Omaha Performing Arts Society and Opera Omaha, among others. Simon cites a local 2007 study showing that every $1 million added to the budgets of Omaha's nonprofit arts organizations generates three times that amount in economic activity, plus $1 million in wages and salaries and almost $1 million in annual state and local taxes. Simon's executive summary: "You can't argue with those kinds of numbers ... especially when you consider the power of the arts to educate, energize and bring people together...
...would certainly try and make use of his charisma and his newfound status as a martyr in states that have not yet gone to the polls and where no leader of Modi's stature has yet appeared," Mrug says. These include Rajasthan, western Uttar Pradesh, Delhi and Haryana, among others. (Read about how India's young voters may change the country...