Word: arming
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...Christopher Whalen, managing director of research firm Institutional Risk Analytics, thinks the problem with Citi's repayment has less to do with capital ratios and more to do with waning confidence in the bank around the world. In early December, the investment arm of the government of Kuwait sold its entire investment stake in Citigroup. "Foreign investors like to see the government's stake in Citi," says Whalen. "If the government gets out, investors around the world will flee...
...military efforts to partner with Arab states over the past year. That's according to General David Petraeus, who as commander of Centcom is responsible for overseeing the wars in Afghanistan and Iraq and security efforts throughout the region. "There were certain countries which used to hold us at arm's length that have over the last year embraced Central Command in certain cooperative endeavors," Petraeus told TIME in an interview on Dec. 13, citing ballistic-missile defense agreements and shared early-warning systems. "Ahmadinejad's rhetoric is very alarming among countries in this region." (See five flawed assumptions...
...have brawn? Drew, FM has some front-row tickets to the gun show and we want to see your goods. Besides, it’s about time you engaged in some behavior as masculine as your wardrobe. Just don’t carried away and break your arm...
Last weekend on Saturday Night Live, NBC drove Tiger Woods hard. In a skit, faux Tiger and wife Elin held a press conference, which got interrupted after a surprised Elin heard Tiger admit he had made "multiple transgressions." The shot cut away, but then Tiger returned, arm in a sling, claiming that he accidentally fell down a flight of stairs and "launched [himself] through a plate-glass window." The audience chuckled. In the Weekend Update segment, Seth Meyers teed Tiger up, noting that his sponsors were sticking with him, "a gesture that only means one thing - women don't watch...
...weeks after Dubai stunned investors by requesting a standstill on $60 billion in liabilities belonging to its main corporate arm, Greece's downgrade is yet more evidence that the economic crisis is far from over. For countries left to fill gaping holes in their public finances exposed by the meltdown, there's plenty of pain still to come...