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...Massive building projects funded by debt offerings was driving Dubai's economy, creating lot of opportunities for bankers. Many other banks followed Citi's lead. Citi reportedly built up a staff of 50 bankers in the area. But as things started to unravel Citi remained deeply invested in Dubai. In late 2008, just weeks after Citi had received its initial TARP funding from the government, Citi helped arrange an $8 billion loan for Dubai's state-linked companies. It's unclear how much of the loan Citi held onto. By that time, Citi's own research staff had begun...
Tyler Florence is among the chefs who told me they had massively cut down on their meat intake. Even Michael Lomonaco, the chef of the Manhattan steak joint Porter House New York who recently knocked off 10 lb., eats a lot of simply cooked proteins surrounded by vegetables. "I do a slow-roasted salmon--there's no oil, no added fats--roasted on cedarwood in an oven. It's served with big white beans, fresh tomatoes and tarragon," he says. "What a great steak house this is: the chef is telling us to eat salmon...
...second woman asked Whitman about the threat of pregnant illegal immigrants who cross the border to win citizenship for their newborns. Then a third woman piped in, rather timidly, asking, "How can we keep religious radicals out of our party? I think that's why they've lost a lot of votes, with the opposition of gay inclusion or opposing women's choice...
...would tap someone more like Campbell - with a moderate bent, a conservative suit and five terms in Congress representing Silicon Valley districts - than Arnold Schwarzenegger. When asked what distinguishes him from Whitman, Campbell says, "Experience. Government experience." But there is one other big difference: he doesn't have a lot of money to spend in the most politically expensive state...
Chris Farrell, the economics editor for public radio's Marketplace Money, is the most optimistic of the lot. "Profligacy is out. Frugality is in," he declares in his inspirational self-help book, The New Frugality: How to Consume Less, Save More, and Live Better. Farrell is so enthusiastic in his mission to promote a more sensible lifestyle that he makes the reader want to burn a credit card. Save more, pay off your debts and borrow less, and you can join Farrell's brigade...