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...dollars of losses in the financially troubled gulf state. According to research firm Creditsights, Citi has made an estimated $5.9 billion in loans in the U.A.E., which includes Dubai as well as its oil-rich neighbor Abu Dhabi. Of that, $1.9 billion was made to Dubai World. In the end, it might not lose that much. On Monday, Abu Dhabi said it would provide $10 billion in financing to help Dubai pay off its debts. And Citi says that "although we do not comment on individual exposures, we are very comfortable with our investment across all of the UAE, which...
Houghton confirmed his plans for departure to his Corporation colleagues at their Dec. 7 gathering, wishing to make his announcement before the end of the month to jump-start the search for a replacement next year, according to the release...
...United States at the time. And there’s no reason to believe that it won’t work again. John Bishop, an economics professor at Cornell University, predicts that Obama’s proposal will have great success and increase employment by 2.8 million by the end...
...Military suicides have even raised a question for the White House. President Obama's staff is reviewing a long-standing but unwritten policy that bars him from sending condolence letters to the families of military personnel who have killed themselves. Some families of suicide victims have pushed for an end to the policy, but there is concern that suicidal soldiers could feel less restraint knowing their families would get condolence letters from the President...
Just minutes before the attack - which took place on Sunday night at the end of a political rally - a group of young opponents had started heckling Berlusconi. The Prime Minister barked back and ultimately led his supporters in chants of "Shame! Shame! Shame!" in response to the protesters. In that context, Berlusconi's decision to display his bloody wounds could well have been a further rhetorical flourish, a melodramatic "Look what you've contributed to." (See a story about Silvio Berlusconi's legal woes...