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...unnecessary now. Wells Fargo (WFC) indicated that it made about $3 billion in the first quarter of the year and declared its buyout of the deeply troubled Wachovia to be a success. Wells Fargo (WFC) said that the low cost of money from the government combined with a surging demand for mortgages was all the medicine that it required...

Author: /time Magazine | Title: More Quickly Than It Began, The Banking Crisis Is Over | 4/10/2009 | See Source »

...reasons that analysts had guessed. The impression among investors who follow Boeing is that boneheaded management had allowed poor labor relationships and a slowdown in the launching of the company's new 777 flagship, which has been set back by well over year, to undermine the tremendous demand for the firm's planes...

Author: /time Magazine | Title: Boeing Proves A Poorly Run Company Can Still Do Badly | 4/10/2009 | See Source »

...Boeing announced that its first quarter numbers would be poor. According to Reuters, "Because of the drastic dip in demand, Boeing said production of its 777 minijumbo will fall to five from seven per month beginning in June 2010." In other words, earnings from Boeing are going to be weak for a long time...

Author: /time Magazine | Title: Boeing Proves A Poorly Run Company Can Still Do Badly | 4/10/2009 | See Source »

...Incompetent management cost Boeing its reputation on Wall St. A collapse in demand for its airplanes will do a good deal more than that to hurt shareholders...

Author: /time Magazine | Title: Boeing Proves A Poorly Run Company Can Still Do Badly | 4/10/2009 | See Source »

...economy, he moved to slash government expenditure 40% over five years, balance the budget by 2012 and double the consumption tax to 10% by 2015. In the light of Japan's economic meltdown, all that has changed. Like other deficit-busters, Yosano has turned to old-fashioned Keynesian demand management to kick-start the economy. "He shifted completely to say that to get over this crisis we need a big stimulus package and to worry about fiscal consolidation and reducing deficits later," says Gerald Curtis, a Columbia University politics professor who has known Yosano since the late 1960s...

Author: /time Magazine | Title: Japan's Economic Czar Faces Tough Choices | 4/9/2009 | See Source »

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