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...Chile must only visit the Pearl of the Antilles if it is prepared to do so in support of the Cuban people and not the Cuban regime. By revitalizing relations with the state-controlled economy, President Bachelet effectively jeopardizes the support of her allies and the confidence of major extra-governmental lending institutions...
...Airlines need to pay over $1 million to airports in gate fees to have ample space for their aircraft—including extra aircraft for emergencies. When airlines face so much financial strain that even water costs money, it’s clear that airlines do not have the means to pay airports for as many gates as are necessary to accommodate delayed flights. Disasters like JetBlue Flight 751 are the result...
...plans to avoid job cuts. Cisco probably has as much or more cash on hand as any tech company in the U.S., holding $27 billion in available funds. The company is in the midst of a very rapid expansion into the server and data center business. That will require extra personnel and may involve acquisitions. Cisco is in several businesses which are nearly recession-proof and should continue to do well. Its core router operation is critical to building out broadband and systems for popular products like VoIP. The new stimulus package should give that business a bump up. Cisco...
...Coogan found success in Brattle Square, earning as much as $50 for one evening of performing, but they were also confronted with unexpected challenges. After their first performance, the two had learned that scoping out a favorable spot in the Square was a competitive sport, bringing extra sheet music comes in handy when a crowd gathers, and especially for Coogan, performing on the street renders one much more vulnerable than when performing in a concert setting. But Coogan grew to enjoy the challenge of attracting an audience and plans to play more often. This spring he hopes to expand...
Finally, the plan bolsters the amount of money allocated to Fannie Mae and Freddie Mac in an effort to keep mortgage rates low and entice new home buyers into the market, since new buyers are what's needed to drive down the number of extra houses for sale. The two agencies, which financed or guaranteed nearly three-quarters of new home loans last year as private players retreated, will be allowed to hold more mortgages on their books and could eventually see additional infusions of cash from selling preferred stock to the Treasury Department - an authority granted in legislation last...