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Bank stocks have continued to plummet since the program was started in mid-October. Two of the nation's largest banks, Citigroup and Bank of America, have had to tap the relief fund twice, yet neither bank appears any more stable. Indeed, concerns about Bank of America's insolvency have grown, not shrunk, in the past few months. What's more, none of the government money spent so far has done anything to increase lending or lower foreclosures. (See the best business deals...
...conservative Texas house speaker Tom Craddick, was recently ousted from his leadership position. A 38-year veteran of the state legislature, Craddick assumed the speakership in 2003, the first Republican since Reconstruction to do so. He went on to play a key role in the infamous Tom DeLay-orchestrated mid-decade redistricting battle, which shifted the balance of power in the congressional delegation to the Republican side. Ruling with an iron fist, he alienated a small group of fellow Republicans, which proved to be his downfall. (See the top 10 Bush Administration figures to miss...
Because the Chinese calendar is based on the moon's rotation, the new year can occur anytime from mid-January to late February. According to legend, the calendar was created by Ta Nao, a minister of Emperor Huang Ti's, and has been used in Asia since 4000 B.C. It is based on 12 temperaments represented by 12 symbolic animals - rat, ox, tiger, rabbit, dragon, snake, horse, sheep, monkey, rooster, dog and pig (the dragon being the well-known favorite). After 12 years, the cycle restarts, matching the length of Jupiter's solar orbit. (Read "China Not So Bullish About...
...present, Chrysler officials believe Fiat is indeed serious about the deal. Fiat executives came through Chrysler's design studios in Auburn Hills in mid-December to look at Chrysler's latest designs and future products, says Chrysler vice president Ralph Gilles, who believes they left with a better understanding of where the company is headed from a design perspective and of Chrysler's potential. "We're very flexible," he added...
...Many of the tricks and stunts at the X Games are clearly dangerous, but those that don't result in injuries can make a competitor's career. Case in point: Freestyle motocross rider Travis Pastrana's mid-air double back flip in 2006, one of the X Games historical highlights. Risky? No doubt. Totally badass? You be the judge...