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...president insisted on the fact that everyone has to play the game," said Laurence Parisot, head of the organization representing France's largest employers, Medef, after the meeting. "Now that banks have the means to operate more or less normally, they must assume their role of irrigating the economy so companies can likewise function normally...
...Michigan Index, but I think it will drop because the RBC index dropped and that makes intuitive sense." According to the National Monthly RBC/CASH (Consumer Attitudes and Spending by Household) Index, consumer confidence plummeted 32 points in October, from 69.2 in September to 37.0 in October, the largest single monthly decline in sentiment since the Index began...
...meat factory. Employing 650 people directly and providing a livelihood to hundreds more - from local farmers to shopkeepers - the Zalabaromfi meat-processing plant has long been one of Zalaegerszeg's most important businesses. But the credit crisis has complicated a long-running dispute between Zalabaromfi and Hungary's second largest commercial bank, CIB, over a credit line the plant says it needs in order to keep running. Factory operations have been on hold since early September, and with credit tightening, its workers now face losing their jobs for good...
This is not the first time the clock has experienced technical difficulties. In 1991, Durst had to remove and revamp the clock so it could keep pace with the national debt's $13,000-per-second increase. ("Interest payments on the national debt are becoming the largest federal expenditure," he noted at the time). Before his death in 1995, the amount began accumulating so fast that the last seven digits became totally illegible. At one point, the surge actually crashed the computer that calculates the billboard's numbers...
...banks, says economist Arthur Kroeber of Beijing-based Dragonomics consultants. "They have been burned already and will be very cautious," Kroeber says, referring to previous multibillion-dollar investments in companies like Blackstone and Morgan Stanley that have plunged in value. On Oct. 6, Ping An, one of China's largest insurance companies, announced it was forced to take a $2.3 billion write-off on an investment it made in the ailing Dutch-Belgian financial giant Fortis...