Word: enormouse
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At 6 a.m. on Monday, Sept. 29, when it was clear that Wachovia, the enormous U.S. bank, couldn't open its doors to customers due to a lack of funds, the board of the Federal Deposit Insurance Corporation (FDIC) voted for the first time since its creation during the Great...
Compared with all that, an Obama win would be just a start. Surely the next day we would wake up with the scoreboard still the same. Our life spans would still be shorter, our prison rolls longer and our net worths lower than the average American's. But the psychic...
"This is a key product for RIM. It has enormous potential," says Yankee Group analyst Eugene Signorini, who predicts that RIM's partnership with Verizon, the second-largest wireless carrier in the U.S., will intensify Verizon's competition with No. 1 carrier AT&T, the exclusive service provider for the...
Given this extreme uncertainty, Weiss is sitting on more cash than ever before. One reason is that he expects further mayhem as leveraged hedge funds are hit increasingly hard by margin calls and shareholder redemptions, forcing them to sell investments to raise cash. Yet amid the panic, Weiss admits he...
Many argue that the nuclear deal is necessary in order to provide India with a carbon-free way to feed its enormous and growing demand for energy. But this does not excuse the fact that in adopting the treaty, the United States has effectively given away the bank. Indeed, numerous...