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...gone dry or are about to. Foreign investors have been slow to spend in Iraq because of the violence and huge uncertainty surrounding the security situation following the U.S. drawdown going forward this summer. U.S. reconstruction funds are dwindling as American troops move to go. And Iraq at present cannot sell government bonds on the international market without risking them becoming entangled in a myriad of reparations lawsuits related to Iraq's invasion of Kuwait...

Author: /time Magazine | Title: How the Economy Could Crush Iraq's Hopes | 5/23/2009 | See Source »

...Since BA does business in almost every major country in the world, it is not a bad barometer of both consumer and business spending, at least the discretionary parts. If people cannot afford to fly they are unlikely to be aggressive consumers. If enterprises will not put their employees on airplanes, the recession is still likely to still be hurting corporate margins...

Author: /time Magazine | Title: British Airways: High Costs Fuel Record Loss | 5/22/2009 | See Source »

...members of House Financial Service subcommittee refused to let up on Liddy during the March session when he an appearance to brief Congressmen on AIG's progress. He told them the one thing that accusers cannot stand to hear. Liddy was innocent of any of the charges they made against him, and that was a plain and simple fact. As he said at the time, "Six months ago I came out of retirement to help my country. At the government's request I've had the duty and extraordinary challenge of serving as chairman and chief executive officer of American...

Author: /time Magazine | Title: Behind Ed Liddy's Departure from AIG | 5/22/2009 | See Source »

...Marshall said that during one exam, he had wanted to mark the exam of a student who had left 45 minutes into the test, but was prohibited due to rules that the exam cannot be touched by anybody while testing was in progress...

Author: By Wendy H. Chang and Manning Ding, CRIMSON STAFF WRITERSS | Title: Exam Proctors React to Job Cuts | 5/22/2009 | See Source »

...final quarter of 2008. It is probable that the taxpayers will never get all of their money back, but AIG does have divisions that are worth several billion dollars. If there is a timetable for selling those, the public has not been informed. AIG may say it cannot predict the future, but someone at AIG has a document with the company's plans...

Author: /time Magazine | Title: Who's Actually Running the Government's Portfolio? | 5/21/2009 | See Source »

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