Word: lesse
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Dates: during 2000-2009
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...Christopher Whalen, managing director of research firm Institutional Risk Analytics, thinks the problem with Citi's repayment has less to do with capital ratios and more to do with waning confidence in the bank around the world. In early December, the investment arm of the government of Kuwait sold its entire investment stake in Citigroup. "Foreign investors like to see the government's stake in Citi," says Whalen. "If the government gets out, investors around the world will flee...
...Dubai business and left itself open to far more losses in what now seems was a financial house of cards than any other U.S. bank. JPMorgan, the U.S. bank with the next highest loan exposure to Dubai, has $2.5 billion in loans outstanding in the U.A.E., according to Creditsights, less than half of what Citi may have to write...
...McKinley and his friends decided to try a radical experiment. They urged congregants to spend less on presents for friends and family and to consider donating some of the money they saved as a result. At first, church members weren't quite sure how to react. "Some people were terrified," remembers McKinley. "They said, 'My gosh, you're ruining Christmas. What do we tell our kids?' " The pastors had to reassure people that they weren't advocating a Grinchy no-gifts kind of Christmas, but rather one in which people spend a little less and think a little more, expressing...
...evangelism. The Methodists, however, would later condemn his methods. For a while, his hospital and academic empire helped make him a pillar of Tulsa society. But the kind of faith he espoused was made of constant appeals to his audience to prove it to him - at $100 or less a pop. His old-time religion crumbled because it was built with small change...
...Less than six months after South Carolina Governor Mark Sanford copped to conducting an extramarital affair in a tearful press conference, his estranged wife has formally called it quits. Jenny Sanford, a high-powered investment banker before becoming the Palmetto State's First Lady, announced on Dec. 11 that she was filing for divorce after 20 years of marriage. "This came after many unsuccessful efforts at reconciliation, yet I am still dedicated to keeping the process that lies ahead peaceful for our family," she said in a statement. The split doesn't come as a surprise: the former Lazard bigwig...