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...sure, Citi's potential losses in Dubai are not enough to bring down the bank. Citi has $2 trillion in assets. And the Dubai losses look puny compared to huge hits the bank took in subprime lending and the mortgage market in general. But Citi was far more aggressive in courting 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...
Ivygate recently reported that YouTube user “Dauphinish” released a video on Dec. 4 that, according to the YouTube caption, offers a “look inside the courtyard of Yale's oldest secret society.” And Gawker reported on Monday that the new privacy settings on Facebook confused a "boneswoman," which resulted in her pictures (from a Skull and Bones party at its retreat on Deer Island) being leaked out to the interwebs. Oops...
...Hoffman, who has studied terrorism of all stripes, say it's not just Islamic extremism that attracts middle-class adherents. "You look at every kind of terrorism over the past century, and you'll find that the majority of the people who participated were not poor or ignorant but well-off and educated...
Moments after a Milan attacker hurled a rock-hard souvenir into Silvio Berlusconi's face, the dazed and bloodied Prime Minister stood up on the edge of his car so the crowd could get a good look. An aide would later say that Berlusconi, 73, instinctively wanted to assure everyone that he was all right. You might also imagine that the embattled leader was eager for the world to see that - thanks to his haters - he was in fact not all right...
...young opponents had started heckling Berlusconi. The Prime Minister barked back and ultimately led his supporters in chants of "Shame! Shame! Shame!" in response to the protesters. In that context, Berlusconi's decision to display his bloody wounds could well have been a further rhetorical flourish, a melodramatic "Look what you've contributed to." (See a story about Silvio Berlusconi's legal woes...