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...share this year. In fact, the losses are so big at some of the financial firms that many market watchers are concerned that some of the largest banks will go bankrupt unless they get significantly more government assistance. Indeed, the government last week released a plan to help boost Citigroup's common equity by $50 billion. It is the third round of financial help the government has provided Citi in less than six months. Still, the bottom lines of banks, while ugly, are expected to look significantly better in 2009 than in 2008. And that's not something that...
Here's a scary fact to add to today's gloomy stock-market headlines: bank stocks might actually be providing a boost to the market, even as it tumbles to new lows. By at least one measure, financial firms are making the bad earnings caused by the economy look a bit rosier...
Both companies are running low on the money they need to operate. GM ended the year with $14 billion, about what it needs to keep the lights on. Chrysler was forecasting that it would start March with just $2.4 billion. Without a boost from the government, GM and Chrysler could each be forced into bankruptcy or liquidation by the time the crocuses bloom...
Harvard Law School will begin a free summer test-preparation program for low-income college students in an attempt to boost socioeconomic diversity at law schools and to create a template curriculum for other schools to use. But whether the Training and Recruitment Initiative for Admission to Leading Law Schools, a joint effort with NYU Law School and Advantage Testing, will accomplish its goal of increasing socioeconomic diversity depends on whether or not other law schools adopt the system since only 20 students will gain entry to this summer’s pilot session. As of Sunday, at least...
...Sebelius was elected governor of Kansas - a state in which registered Republicans outnumber Democrats by a nearly 2-to-1 margin - in 2002. After a first term in which she helped boost education spending while deftly paring a $1.1 billion budget deficit, she won re-election four years later...