Word: funds
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...supposed to be having a proper European tour with his Beautiful People friends. Instead he's stuck in Pittsburgh, Pa., because his alcoholic father (Jack Gilpin) is having employment issues and, as his almost gleefully unsympathetic mother (Wendy Malick) explains it, they can no longer help fund his trip. Or graduate school. (See the top 10 movie performances...
...Wagoner, who graduated from the Business School in 1977, stepped down on Monday at the request of the Obama administration, which has sought to force more rapid changes within the three beleaguered American automobile manufacturers that have received assistance from the administration’s multi-billion dollar bailout fund. GM lost $30.9 billion last year, and its share price has fallen to as low as $1.27 from a high of $35 three years ago. The company has been criticized for failing to anticipate plummeting demand for gas-guzzling SUVs and neglecting to explore energy-efficient technology, causing...
...blindfolded research analyst spins around in circles and inaccurately pins the tail on "The Feds," - one of the eight economic culprits scrawled on an oversized poster board alongside the boss caricature. A former hedge fund manager pins his thumbtack somewhere between "The Economy" and "Consumer Spending" while a few yards away, a laid off videographer for media gossip site Gawker tosses a telephone wrapped in electrical tape just shy of the 100-point mark, as designated by circle drawn with sidewalk chalk. Prizes are awarded, mostly in the form of gift certificates to local restaurants and bars - Goddard had advertised...
...Economy, Sultan bin Saeed al-Mansouri, last week acknowledged that the economy of the world's fifth largest oil exporter is expected to shrink in 2009. He refused to give an indication of the extent of the contraction, saying simply that the U.A.E. would escape recession. The International Monetary Fund had previously said it expected the U.A.E. economy to grow only 3% this year after expanding 7.4% in 2007 and an estimated 6.9% in 2008. (See 10 things to do in Dubai...
...might say the same has happened to the global economy. In the hangover of a credit binge fueled by about a trillion too many real estate dreams, the International Monetary Fund (IMF) predicts that this year will be the first since 1945 to see a contraction in world economic output. The London summit is designed to both ameliorate the present crisis and try and head off future ones. (See pictures of the global financial crisis...