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Beating on Wall Street makes political sense these days. The public is furious that big banks and Wall Street firms are once again making pots of money while Main Street suffers through 10% unemployment. With year-end bonuses soon to be handed out to financial executives, Obama and the White House need to be seen to be on the side of the little guy. ((Facebook users, comment on this story below...
...Obama will alternately threaten and plead with banks to open their purse strings. "One of the main messages from this meeting is that the financial industry received extraordinary help from the government - and ultimately the taxpayer - and now the industry has an obligation to help the small-business owners," says White House spokesperson Jen Psaki...
London's West End is one of the world's great shopping districts. Its two main arteries, Regent and Oxford streets, and its capillary-like maze of side streets, are crammed with some of the biggest and trendiest names in retailing. But shopping in the West End can be downright exhausting: sidewalks heaving with humanity; the constant din of noise; traffic fumes; foul weather...
...Nick Gibson, an analyst and virtual-world expert at London's Games Investor Consulting, calls it "an interesting idea." But he cautions that the main driver for online shopping "is price and convenience, rather than the social aspects of it." Most consumers, Gibson says, go online to buy something specific, so it's uncertain if they'll find causal shopping and browsing appealing. (See the top 10 video games...
...working for an immigration agency. But according to investigators, he actually spent his time in Mumbai "taking pictures and making videotapes of various targets," including those that would eventually be attacked - the Taj and Oberoi hotels, Leopold Café, Nariman House and the Chhatrapati Shivaji Terminus, the city's main railway hub. (See a story about Pakistani jihadis going global...