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...Citigroup has begun to take itself apart. Its Smith Barney brokerage operation is being merged with a similar business at Morgan Stanley (MS). It is not clear how that is good for Citi, but its executives probably are taking as much care thinking through tearing down the company as they did building...
What really sets Obama apart, however, is that despite his sensitivity to the problems that plague some urban neighborhoods, he does not view cities primarily as problems to be solved. "Federal policy has traditionally treated cities as victims," says Greg Nichols, mayor of Seattle. Ever since Lyndon Johnson's Great Society, he explains, government has set up perverse incentives for cities by isolating funds in programs set aside for the neediest, most desperate localities. It's the urban policy equivalent of treating someone in the emergency room when they get seriously ill instead of investing in ongoing primary care...
...plan has fallen apart like a cheap watch. According to The Wall Street Journal, "China's exports in December fell 2.8% from a year earlier to $111.16 billion, while imports in the month fell 21.3% to $72.18 billion...
...infighting over the resignation of the speaker of parliament and the task of appointing his replacement, the Sunni Tawafiq bloc has shrunk to just over half its original size of 44 MPs. In the past three years, parliament has also seen the ruling Shi'ite bloc slowly split apart. The most significant blow came in 2007 with the angry departure of dozens of followers of anti-American cleric Muqtada al-Sadr. And the bloc's remaining big powers - al-Maliki's Dawa Islamic Party and the Islamic Supreme Council of Iraq - will be running on separate lists come...
...made Deep Throat and the man who was Deep Throat - Gerard Damiano and Mark Felt - both died last year. So did one half of the Kingston Trio (explanation to come). So, seven weeks apart, did the two stars of an Oscar-winning movie from a half-century ago. All were part of the passing parade of 2008: the entertainers whom New York cable-access guru Ed Grant refers to as "deceased artistes...