Word: factly
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...Citi CEO Vikram Pandit said his bank was profitable in the first two months of the year. "M&A alone is not a big enough businesses to swing the bank," says analyst Richard Bove, who follows bank stocks at Rochdale Securities. "But put them all together, along with the fact that Citi's business is positioned to benefit from the recent drop in interest rates, and it makes a difference...
...fact, Baucus' record of working with colleagues across the aisle might be exactly what his party needs in order to avoid a contentious fight that bogs down or dooms health-care reform. His legislative style is a throwback to the days when it was not so unusual for the two parties to work together in the Senate. Baucus' closest friend in the chamber is the Finance Committee's ranking Republican, Chuck Grassley of Iowa, an equally rough-hewn legislator, with whom he has traded the chairmanship three times since 2001. The two meet at least once a week and boast...
...writes Leslie H. Gelb, former president of the Council on Foreign Relations, in his new book, Power Rules. It seems an aggressively simplistic thought for a member of the foreign policy priesthood. But Gelb doesn't define power merely as the use or threat of force. (In fact, he argues, wars usually occur when the creative use of power has failed.) Power is a combination of factors - military, diplomatic, economic, moral - that give a country the ability to make its way in the world. Gelb believes that most recent Presidents have used power foolishly, squandering it - which is something Barack...
...some degree, Congress scaled back Obama's budget by resorting to the same kinds of accounting gimmicks the President had prided himself on avoiding, a fact Republicans were quick to point out. It dropped the long-term inclusion of the costly Alternative Minimum Tax fix - an annual must-pass bill to prevent the tax once intended for the superrich from hitting the middle class - and opted for a shorter time line of just five years vs. the 10-year budget the White House had crafted. "Given the state of the economy, everyone agrees that it's very difficult to predict...
...real place to learn about North Korea is probably China. The country, especially the northeast, has the largest population of North Korean exiles and refugees. That fact was probably not lost on Lee and Ling. Many of the refugees get help from human rights groups. One such activist, Tim Peters, who has visited this region in the past, thinks the two American TV journalists were trying to report on the plight of stateless orphans, the offspring of trafficked North Korean women repatriated back to the North. "It's a mushrooming problem," says Peters, who notes that authorities have been making...