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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...
...denied reports that he was in declining health. The charismatic founder has consistently maintained that he has a rare but treatable form of the disease, and attributed his emaciated appearance - first noticed during a press event during the summer - to a "hormone imbalance." Jobs, 53, said he had already begun treatment, which he described as "relatively simple and straightforward...
...possible. But what will they leave behind? In Iraq, the U.S. has taken confidence from the emergence of the Sunni Awakening movement, former insurgents who drove al-Qaeda out of their communities (even if their relations with the Shi'ite-led Iraqi government remain tense). A similar movement has begun to emerge in Mogadishu, reflecting the moderate, tolerant Islam that has traditionally prevailed in Somalia. But Somalia hasn't had a government to speak of for 18 years. There are no institutions that can be revived to institutionalize the new pro-law, anti-extremist movement. And the ICU is remembered...
...nostalgic. Their once exclusive slice of South Florida used to be known primarily as the Kennedys' winter playground and a retiree haven for wealthy Northeasterners. But ever since the chad-infused chaos of the 2000 presidential recount, the largest county (by land mass) east of the Mississippi River has begun to rival Miami as the Sunshine State's capital of corruption and political mischief. It had to endure the sexual scandals of two consecutive congressman, first disgraced Representative Mark Foley and then his successor, Tim Mahoney, who lost his re-election bid in November after admitting to having multiple extramarital...
...John Marshall Law School professor Ronald Smith describes Genson and his team as "verbal elbow throwers" who meticulously strategize and specialize in crafty back-and-forth before the jury. And Genson has already begun throwing elbows. On Thursday, his team asked Holderman to remove Fitzgerald and his entire prosecution crew because of a purported violation of a pretrial publicity order. ("Meritless," said the prosecutors.) Genson has also loudly pushed his claim that the government's case is much ado about nothing. Sure, the governor was heard talking of selling Obama's seat to the highest bidder, talking of getting Chicago...