Word: banks
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...Street types have seen lately are the weeds sprouting in the parking lots of abandoned malls. Unemployment is marching toward 10%, and house foreclosures are still rising. If you're a day late with your credit-card payment or overdrawn by a few bucks on your ATM card, the bank (which your tax money helped bail out) is still sticking you with obscene fees and charges. Hence the question that so many of us are asking: Where's my bailout? (See 25 people to blame for the financial crisis...
...correlation between excessive pay and excessive risk-taking isn't quite accurate. It may be true in the case of hedge funds or leveraged-buyout - which call themselves private-equity (PE) - firms or some parts of stricken outfits like AIG, Citi and the former Merrill Lynch, now part of Bank of America. But hedgies and PEs aren't covered by pay czar Ken Feinberg's ukases...
...Spotlight: Bank Failures...
...other signs that overseas resentment of the burger giant has softened. A McDonald's is slated to open in November in a shopping area beneath one of France's most treasured cultural meccas - the Louvre - but the news has hardly caused a stir in the City of Light. Bank employee Laurent Mortin told the New York Times he didn't have a problem with the American import: "It's more of a real lunch than eating a sandwich in the street, and it doesn't take as much time as sitting in a restaurant...
...take it to the bank that the CIA knows all of this, just as it knew in the early '60s that Diem's brother was a corrupt thug. You can also be certain that the CIA would prefer to have untainted sources. But the bone-dry bed of reality in Afghanistan is that there are few if any to be had. In that country, you survive by renting clans, tribes and narcotics dealers, which comes with their unsavory business whether you like...