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...dramatically ramped up its trading desk. That move has led to big profits in the past year but the firm has also opened itself up to bigger losses should its traders get things wrong. Based on its trading activity now, Goldman says it could lose as much as $250 million in a day should its bets go wrong, up 30% from a year ago. What's more, even though Goldman has become a bank holding company, like Morgan, it has done little to begin to attract more deposits...
...their opponents will come back to bite the Democrats in both 2010 and 2012. Even while some pundits say the GOP will end up looking obstructionist, Republicans are quick to point out that the bulk of the bill - the exchange, which will help small businesses and the 47 million people who are uninsured buy affordable insurance, along with subsidies to help those who can't afford it and new regulations of insurers' practices - wouldn't go into effect until 2013 (this is partly because of the complexity of setting up such a monumental enterprise and partly to help lessen...
...wide-ranging interview with TIME, Abdullah rejected all talk of compromise over the disputed poll. Unofficial results give Karzai 54.6% of the vote and Abdullah just 27.8%. But European observers say that at least 1.5 million ballots - more than one-third of the total - may have been fraudulent. If, as opponents and foreign observers allege, most of the tainted ballots turn out to be for Karzai, that could drop the President below the 50% mark. "The international community has to ask itself: Will it tolerate this massive fraud?" Abdullah asks...
...internationally televised concert in Havana's Revolution Plaza on Sunday, Sept. 20, Colombian rock superstar Juanes looked out at a crowd of more than 1 million and shouted, "Cuba libre! Cuba libre!" (Free Cuba!) It was a mantra you could take two ways: If you're a fan of Cuba's communist government, it was a cry to keep the island safe from U.S. imperialism. If you're a foe, it was a plea for the political and economic freedoms that Fidel Castro and his brother, current President Raúl Castro, have muzzled for 50 years...
...Castro cracked down with sweeping arrests of dissidents and writers in 2003. Despite that setback, exchange advocates feel it's time to start again. The point, they say, is that even if Juanes meant nothing by shouting "Cuba libre!," it was enough if he got some of those 1 million Cubans wondering what he did mean...