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...reported extremely good earnings and said 2009 would be at least as good. Only one of its five major businesses would need to get into trouble for that forecast to come unglued. If sales in its hardware operation fall apart, its earnings forecasts could be off by a significant amount. All of those investors that looked at IBM as a good gamble would end up losing money...
...looked at a scenario in which each country used 50 Hiroshima-sized weapons, which they are believed to have in their arsenals. That's enough firepower to kill around 20 million people on the ground. We were surprised that the amount of smoke produced by these explosions would block out sunlight, cool the planet, and produce climate change unprecedented in recorded human history...
Cell-phone novels haven't caught on in the U.S.--yet--but we have something analogous: fan fiction, fan-written stories based on fictional worlds and characters borrowed from popular culture--Star Trek, Jane Austen, Twilight, you name it. There's a staggering amount of it online, enough to qualify it as a literary form in its own right. Fanfiction.net hosts 386,490 short stories, novels and novellas in its Harry Potter section alone...
...changed the y in City to an i. After years of success, though, he left the bank with billions in bad loans to Latin America. Only profits generated by the U.S. retail-banking and credit-card juggernaut built by Wriston's protégé John Reed--combined with a certain amount of forbearance by bank regulators and a lot of cash from Saudi Arabia--enabled Citi to survive. Reed then agreed to a 1998 merger with Travelers Group, which necessitated congressional repeal of the Glass-Steagall Act and established Citigroup as the greatest financial supermarket on earth...
...Washington for the confirmation grilling. Good news, Tim. According to Barbara Weltman, editor of the popular tax guide J.K. Lasser's Your Income Tax, all those trips are tax deductible. So we hope you saved your receipts. The IRS will let you write off a third of the amount of your job-search expenses as long as you land a job in your usual field. And since Geithner reportedly has held more than one meeting with current Treasury Secretary Paulson in the past year, it is safe to say he is staying in the same line of work. One thing...