Word: commerciales
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Under the government's aid program for Citi the government will share losses on over $300 billion in assets, with a term on the guarantees up to ten yeas. Citi will immediately separate its banking unit from its brokerage and money management units. There is simply too much risk in...
• Most commercial airlines are now replacing older three- and four-engine planes with more-efficient double-engine aircraft. Because these newer engines are quieter, birds are less likely to detect and avoid them. Worse still, fewer engines mean fewer backups should a plane and a flock of birds cross...
The wave swamping bank earnings has moved away from being caused solely by derivatives. LBO loans, commercial real estate, consumer credit cards, and corporate bankruptcies are building and will not peak until the momentum in joblessness and falling GDP stops accelerating. That could take well over a year.
Against such a background, skeptics are questioning whether the Zeitungszeugen project can succeed in its stated aims. With copies flying off the newsstands, its commercial success looks a little easier to judge.
If you've never heard of the Snuggie, then you haven't been watching cable TV. The two-minute commercial for the "blanket with sleeves," which began airing last September, has been playing endlessly - and not just on struggling channels during the wee hours of the morning. Images of Snuggie...