Word: fate
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...people who run Microsoft, especially Steve Ballmer who has been at the firm for 30 years, there is a certain amount of humiliation that goes along with no longer being the world's fastest growing global enterprise. But, Microsoft's fate was unavoidable once it started to have a 90% market share in a number of its core businesses. There are, essentially, no more worlds to conquer...
...Bernanke and Paulson were doing what they thought was necessary to prevent what they viewed as a possible catastrophic failure of the national and perhaps global banking system. If Merrill Lynch had been left on its own to suffer huge fourth quarter losses, it might have faced a fate like that of the departed Lehman. Morgan Stanley (MS) nearly had the same set of problems until the Japanese financial house Mitsubishi UFJ agreed to honor a commitment to put $9 billion into the U.S. investment firm. Whether their presumption was right or not, it appears that Paulson and Bernanke believed...
...fate of Obama's first year in office, if not his Administration, will probably be determined by the way he handles four distinct challenges - two in foreign policy and two domestically. The domestic challenges are more important, given the financial crisis. One is whether the financial community will buy his "house built on rock" formulation. "I don't think the banking community understands the scale of the damage that they've done to this society," says a senior Obama financial adviser. And another says, "They're in denial. They don't understand how angry people are about a $1 million...
...story was genuine or not," a Childline spokesman said. The group has not yet been able to establish anything about Rubina's relationship with her mother, father or stepmother. "Those require a number of sittings and a variety of investigations," the spokesman said. (Read a story about what fate awaits Slumdog's child stars...
Representative Jane Harman, under scrutiny for allegedly pledging in a 2005 phone call to try and help two former officials of an Israeli lobbying group accused of conspiring to pass classified information, told TIME on Tuesday that she is not worried about her fate...