Word: blamed
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...Revenue for the company's fiscal third quarter, which ended on March 31, fell 6% to $13.65 billion. Operating income was $4.4 billion, so Microsoft's software businesses still produces tremendous margins. The company blamed the weakness in the global PC and server markets for most of its troubles. The only really good news Microsoft had is that the latest versions of its flagship product, called Windows 7, will launch on time next year. (See 25 people to blame for the financial crisis...
...Henry Paulson. According to information released by NY State Attorney General and governor-in-waiting Andrew Cuomo, Lewis was threatened by Paulson who told him that the entire B of A board would be dumped if the bank backed out of a deal to buy Merrill Lynch. Passing the blame, Paulson claimed he was merely doing the dirty work of Fed chief Ben Bernanke. Bernanke has tried to distance himself from the event. The press has used the story to paint a picture of Bernanke as a ferociously determined leader. He has instantly earned a new respect in the financial...
...people to blame for the financial crisis...
...assets, and most other parts of the economy don't," says Gary Townsend, a former bank regulator and industry analyst who runs the hedge fund Hill-Townsend Capital. "So it seems to me you should leave it in the hands of the banks to manage." (See 25 people to blame for the financial crisis...
...sanctions are a historical relic from past efforts to dislodge Cuban leader Fidel Castro, whom several presidential administrations—beginning in the 1960s—have tried unsuccessfully to shake from power. The sanctions may have actually had the opposite of their intended effect politically, allowing Castro to blame the U.S. for Cuba’s sluggish economic development. As disagreeable as Castro’s actions toward America may have been, an embargo rooted in personal enmity against this single political leader is no longer a practical foreign policy...