Word: lesses
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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...
...aims to create five million new jobs. While everyone seems to be tightening their belts on spending this holiday, you won’t break the bank by similarly helping someone with their business. According to the World Bank, nearly one and a half billion people survive on less than $1.25 a day. Whether it be helping a basket-weaver in Ecuador or a sheep-herder in Kazakhstan, the organization Kiva.org allows you to play banker by investing small amounts of money in someone’s start-up business on the other side of the globe. Alternatively...
...Less than one year ago, Israel launched its attack on Gaza, in which over 1,400 Palestinians and 13 Israelis were killed. According to the report of the U.N. Fact Finding Mission on the Gaza Conflict, headed by preeminent South African jurist Justice Richard Goldstone, Israel deliberately targeted civilians during the attack. Among other things, Israeli forces deliberately targeted educational institutions, destroying or damaging at least 280 schools and kindergartens during...
...staff is reviewing a long-standing but unwritten policy that bars him from sending condolence letters to the families of military personnel who have killed themselves. Some families of suicide victims have pushed for an end to the policy, but there is concern that suicidal soldiers could feel less restraint knowing their families would get condolence letters from the President...
...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...