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...than 125 breweries today; beer, it is said, is the very lifeblood of the country. But trouble is, ahem, brewing. Supplies of Belgium's top brands - Stella Artois, Hoegaarden and Leffe - are rapidly running low in bars and supermarkets as unions have set up blockades outside the country's largest breweries to protest proposed job cuts...
...nearly two weeks, picketers have stacked crates and set fires to block the entrances to the headquarters of Anheuser-Busch InBev, the world's largest brewer, in the city of Leuven, as well as other plants. The protesters have not only prevented any beer from leaving the breweries but also stopped the raw ingredients and packaging materials from getting in. At one point, workers at the Jupille plant, near Liège, even took their managers hostage for 11 hours, demanding to speak with the company's top officials, before finally letting them go the following morning. A few days...
...that's the good government fight. That's the fight against the appropriators in Congress. You're absolutely right, and look, one of the things we've got to do better is to tell the story of what was in the [American Recovery and Reinvestment Act]. That was the largest investment in research and development in our history...
This week the largest financial firms in the nation have been reporting how they did in the last three months of 2009. In two words: not good. Citigroup and Bank of America lost roughly $8 billion and $5 billion, respectively. The credit-card and mortgage businesses of JPMorgan Chase, which reported their earnings last week, were a disappointment. Wells Fargo posted a profit, but nonperforming loans and related charge-offs both jumped. Morgan Stanley turned a profit in the fourth quarter, but it was less than what analysts expected. Even earnings growth at Wall Street powerhouse Goldman Sachs somewhat slowed...
...went back to Sichuan six months after the catastrophe and was amazed at the speed of physical and economic recovery. In Dujiangyan, the largest city in the quake zone, the rubble and tent cities had disappeared. The jumble of debris was replaced by piles of new bricks, lumber and other construction materials. There was a building boom across the region, and dozens of temporary villages were erected to house the 5 million people who were rendered homeless by the quake. The prefab housing was made out of blue aluminum siding lined with Styrofoam insulation. It had concrete floors...