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...Morgan, unlike Goldman, seems to be really interested in building up its deposit base. Last year, the firm hired former Wachovia executive Cece Sutton to run its retail-banking division. Last month, Morgan said it would soon be adding more employees in Charlotte and New York to help expand its banking operations. Already the bank has nearly tripled its customers' deposits to just over $100 billion...
...launchpad of choice for producers with an eye on Oscar gold - There Will Be Blood and Juno in 2007, Slumdog Millionaire and The Wrestler in 2008 - and Precious now has the buzz of a sure-fire Oscar nominee, particularly given the Academy's decision this year to expand the Best Picture slate to 10 titles. The rollout of Precious seems to be following the familiar playbook: gaining momentum at three key festivals (Sundance, Cannes and Toronto) and looking to convert critical support into public intrigue and attendance when the movie hits theaters in November. (Read about why the Academy needs...
...sponsoring last year's Beijing Olympics and related advertising. As sales rebounded in India, bottlers added new technology, including superinsulated retail refrigerators that stay cool for 12 hours without power, since the grid is unreliable in rural areas. In India, Coke will invest $250 million by 2011 to expand its infrastructure...
...headache for Internet providers. Because most broadband services offer their customers unlimited bandwidth, there is no incentive for users to shy away from file-sharing, Skyping, and other bandwidth-hogging behavior. To continue offering unlimited access at the same speed, ISPs must find ways to either expand their capacity or discourage high bandwidth use. One of the solutions has been to decrease the download speeds of customers trying to use high-bandwith websites. Last year, the FCC chastised Comcast for deliberately slowing down BitTorrent, a file-sharing application, without telling its customers...
...roots of Reaganism run deep, and those against a government-sponsored plan shout loudest. People who do want to expand coverage and cut costs—and quite possibly truly want to help their fellow citizens—are still hesitant to support the expansion of Washington’s influence in the market. In many ways, the invisible hand is strangling the Democratic Party. A big part of the president’s speech aimed to convince insured Democrats with market-friendly perspectives that a government-run public option could work, while also convincing progressives that although the letter...