Word: enough
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Dates: during 2000-2009
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...sure, Citi's potential losses in Dubai are not enough to bring down the bank. Citi has $2 trillion in assets. And the Dubai losses look puny compared to huge hits the bank took in subprime lending and the mortgage market in general. But Citi was far more aggressive in courting Dubai business and left itself open to far more losses in what now seems was a financial house of cards than any other U.S. bank. JPMorgan, the U.S. bank with the next highest loan exposure to Dubai, has $2.5 billion in loans outstanding in the U.A.E., according to Creditsights...
...rest of the world was entering a financial crisis appears to be yet another management blunder for what was once the world's largest bank. It's also likely a black eye for Citi as it tries to convince the U.S. government that is wealthy and wise enough to pay back its government support. And unlike the mortgage mistakes, which can be blamed on past management, the rush to profits in Dubai happened under CEO Pandit...
...apocryphal) story that after becoming too fat to ride his horse, William the Conqueror devised an alcohol-only diet in 1087. The monarch didn't grow thinner; instead, he died later that year after falling from his beleaguered steed, leaving his subjects to struggle with finding a coffin big enough to fit the corpulent king. (See the 2009 Year in Health...
...growing group of Christians, the focus on the commercial aspect of Christmas is the greatest threat to one of Christianity's holiest days. "It's the shopping, the going into debt, the worrying that 'If I don't spend enough money, someone will think I don't love them,' " says Portland, Ore., pastor Rick McKinley. "Christians get all bent out of shape over the fact that someone didn't say 'Merry Christmas' when I walked into the store. But why are we expecting the store to tell our story? That's just ridiculous...
...junta blames former colonial power France for the shooting, a time-honored way to distract attention and temporarily mend internal strife. Keeping up a smokescreen about Camara's condition also buys time. If Konate can command enough respect from the various factions to hold the military together, then he may emerge as the new leader. Crisis Group, a Brussels-based watchdog that closely follows the situation in Guinea, believes that's a real possibility. But Guinea's opposition is skeptical of his chances. "Right now, there is no government in Guinea," says a prominent politician by telephone from Conakry. "There...