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...securities like esoteric bonds and Chinese stocks. Blankfein was right, of course, but even he wasn't paranoid enough. Though Goldman stands, along with Morgan Stanley, as one of the last two giant U.S. investment banks not to collapse (as Lehman and Bear Stearns have) or be sold (à la Merrill Lynch), Goldman too has been pummeled. The firm's quarterly profit plunged 70% - results considered to be relatively good. While analysts generally believe that Goldman and Morgan Stanley will survive the meltdown, that view is not unanimous. Says doomster New York University economics professor Nouriel Roubini: "They will...
...Home to President Felipe Calderon, Michoacan state is used by cartels to harvest and traffic narcotics, including marijuana and opium. In recent years, the region has spawned a particularly brutal gang known as "La Familia," who once threw five severed human heads onto the dance floor of a disco. When Calderon took office in December 2006, the bespectacled lawyer began a national crackdown against organized crime, starting the campaign in Michoacan, where he sent soldiers into mountains to burn crops and seize safe houses. And the cartels have responded with a violent counteroffensive, killing more than 500 police, soldiers, judges...
Would you ever consider working for CNN or any news network other than Fox News? Raymond La, STUART...
...Second Century; and in the 14th century, the southern town of Avignon even served as the temporary home to the papacy. But France is also where modern anti-clericalism became ascendant with the 1789 Revolution, which eventually led to the thick black line separating church and state known as laïcité, and the arrival of humanist reason as the guiding principle in contemporary culture...
...French President Nicolas Sarkozy has poked at this spiritual status quo, using a visit to Rome's Basilica of St. John Lateran to call for a "positive" conception of laïcité, which would also encourage public expressions of faith. Some critics, however, say that the twice-divorced Sarkozy sees the symbolic and historic identification with Christianity as a way to respond to the growing assertiveness of French Muslims...