Word: boosting
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Consider for a moment why certain stocks rallied. The news that gave Citi - and a bunch of other finance firms - such a boost was that the New York City-based company would be profitable for the months of January and February. Fantastic, but those results exclude asset write-downs (i.e., one of the big reasons the stock takes a beating most other days of the week). Another big gainer: United Technologies. What did the aerospace-equipment and industrial-products maker do to earn an 8.6% boost to its stock price? It said it would lay off 11,600 people. (Read...
...Sunday, the finance minister is expected to submit a revised budget for 2009 which will assume an average oil price of $41 per barrel, down from the original $95. Despite the massive drop in oil revenues that represents, the new budget will boost spending by $13.99 billion to $262.8 billion, allowing the government to maintain social and defense spending while bailing out banks and industry. (See 10 things to do in Moscow...
...observational data,” said Sandon, who is also an assistant professor of clinical nutrition at the University of Texas Southwestern Medical Center. “I also would love to see more clinical trials done for this study to test the effectiveness of vitamin D to boost immunity and fight respiratory infection.” Sandon, a registered dietician, said she has always recommended that her patients spend at least 15 minutes a day in the sun and consume foods rich in vitamin...
...Some economists argue it is unrealistic to expect that China, which saw its slowest growth in seven years last quarter, will be able to boost its domestic demand through short-term spending enough to mitigate steep declines in global trade. "The idea that China will be helping the rest of the world is a myth," says Ben Simpfendorfer, a Hong Kong-based China economist for the Royal Bank of Scotland. "Almost half of what it imports is related to export processing. A large share of the remainder is commodities. It imports little for its own consumption. That befits its status...
...want to send it to President Bush, so it will only fund the government from April through September. Still, it's a real window into their priorities: a 21% increase for worthy low-income nutrition programs, a 13% hike for the already bloated Agriculture Department, a long-overdue 10% boost for Amtrak, cuts for Bush-era abstinence and foreign aid programs, zero for a Bush-era reading program plagued by cronyism and mismanagement. The budget is also notable for what it does not include: any reforms of the haphazard ways Congress throws money at infrastructure, agriculture, energy, health care...