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Several prominent bank analysts came out with statements yesterday saying that the largest U.S. financial firms would post more heavy losses and that their accounting methods would obscure the worst of it. George Soros, the grand old man of the hedge fund business, repeated his belief that the banks are insolvent. If he is right, earnings are irrelevant...
...Craigslist is the single largest source of prostitution in the nation.' THOMAS DART, sheriff of Cook County, Illinois, after filing a lawsuit to ban the classified-ad website's Erotic Services section...
...take a leadership role in the global response to the financial crisis. Still, few analysts expect the dollar to be replaced by what Zhou Xiaochuan called a new "supersovereign reserve currency" in the foreseeable future. China, which holds nearly $2 trillion in foreign-exchange reserves, is the U.S.'s largest creditor...
...India THE PEOPLE'S CAR Tata Motors, India's largest automaker, unveiled the $2,000 Nano, the world's cheapest car, on March 23. The 33-h.p. (25 kw) Nano aims to make automotive transportation affordable in a country where a car is beyond most people's budgets. While environmentalists worry about the impact of millions of new cars on Indian roads, Tata argues Nanos could actually clear the air by replacing exhaust-belching motorbikes. The car is expected to hit Indian streets by July...
...green town,” said Boston mayor Thomas M. Menino, as he kicked off the Harvard Graduate School of Design’s weekend-long conference last Friday. The conference, entitled “Ecological Urbanism: Alternative and Sustainable Cities of the Future,” was the largest in the school’s history. The conference addressed a variety of issues concerning the evolution of cities in a world where sustainability is becoming a larger concern for planners. The event hosted speakers from a variety of disciplines including architecture, ecology, literature, history, and economics...