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...raging debate about the largest American banks is whether their stock market values should be zero. Economist Nouriel Roubini, the most highly paid pessimist in the world, recently said that U.S. banks are "insolvent" and credit crisis write-downs will total $3.6 trillion. That is a great deal more than has been taken as losses by financial firms to date...
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...former Rockefeller aide, Harry W. Albright Jr., recruited Parsons in 1988 to serve as chief operating officer of the Dime Bank, one of the largest thrift institutions in the United States...
...failed to defeat the Hutus, despite several attempts and more invasions, and out of that crucible of conflict came a full-scale war involving a plethora of rebel groups, some Hutu, some Tutsi, some Congolese, some criminal mercenaries - as well as Congo's national army and the world's largest U.N. peacekeeping mission. In 1997 the rebels of Congo's Laurent Kabila managed to overthrow then President Mobutu Sese Seko and install Kabila as President. Later, Kabila's son Joseph took the reins when his father was assassinated. But none of them managed to end the war in the east...
...Issuing pink slips en masse is a political nonstarter in India, and it's even less likely to happen in an election year. With India's flagship information-technology sector under global scrutiny, the government looks keen to salvage Hyderabad-based Satyam, the country's fourth-largest outsourcing company. "I am pretty sure the employees are on safe terrain," says James Agarwal, head of executive-search firm BTI Consultants India. "There is no chance the government will allow the company to go down. It is important for employees, for Indian corporates, for the government." (See pictures of the global financial...