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...price has fallen 34% since the beginning of October. So erase $5.8 billion in equity right there. Citigroup was also a player in advising private equity companies on leveraged buyouts. As part of that business it lent money to the companies in such transactions. Now many of those deals look over-leveraged and ready to default. Those bonds are off 19% since the end of September. Citigroup holds $23 billion in leverage loans. So mark down that stake by $4.4 billion...
...recent research, faculty profiles, and a look at the issues facing Harvard scientists, check out The Crimson's science page...
That will be a particularly difficult challenge during an Obama presidency. But Steele says that people have to be reminded of the origins of the things over which they take issue with the GOP. Many blacks, he says, "look at the party as this bastion of racism, which it isn't. Democrats have to keep defining us as racists because that's how they stay in power. But just look at the inner-city school systems and the poverty levels that have been high for years. It's systemic, and you can't blame Republicans for that. I haven...
...conservative Republican. Holder never publicly endorsed that view but fanned it by drawing public attention to similar allegations in the Whitewater case: a prosecution witness had supposedly received payments by anti-Clinton philanthropist Richard Mellon Scaife to discredit the President. In April, Holder wrote to Starr, urging him to look into the matter, and then released the letter to the press. The accusation rested on shaky stories by questionable sources, but the DOJ's public spotlighting of it undercut Starr's credibility as he was trying to get to the bottom of the Lewinsky matter. With Reno's approval, Starr...
...Wall. New York's MoMA takes an intensive look at a decade of work by Spanish artist Joan Miró, with Joan Miró: Painting and Anti-Painting 1927-1937. The show is based around Miro's famous declaration that he wanted to "assassinate painting," and examines his energetic attempts to transcend the medium through collage, drawing - and painting. Through Jan. 12, 2009. 11 West 53rd Street, between Fifth and Sixth Avenues, New York City...