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Japanese comedian Nozomu Sato can relate. The unlikely Obama impersonator has become a star in his own right, despite not knowing who Obama was 10 months ago. "I thought he was a pro wrestler or a fighter or something," Sato told TIME last month...
...most prominent trophies are, of course, the Academy Awards,. Many, however, consider the annual Golden Globe nominations to be the official beginning of the three-month "Oscar season." On Thursday morning in Beverly Hills - at exactly 5 a.m. local time - the nominees will be announced for the 66th Annual Golden Globe Awards, serving up an ideal Christmas gift for studios that will then rush to convert the love into marketing gold...
...already benefiting. Wells Fargo will book an estimated $25 billion tax credit from its November acquisition of Wachovia. PNC, which bought National City in October, could get as much as $5 billion in tax benefits from that merger. And Capital One, which bought Chevy Chase Bank earlier this month, is looking at a $500 million tax windfall. Investment Losses Now Count for More...
...Central Federal Credit Union, for instance, reported paper losses of $4.6 billion in October, $800 million more than it showed just one month earlier. Declining asset values are starting to take a toll: on Dec. 9 another large credit union, Members United Corporate, said it would be laying off employees to reduce expenses and conserve cash. "I've been watching the whole thing fall apart," says Ed Roberts, who runs the Washington bureau of the trade publication Credit Union Journal. "It's very...
...Sarkozy hopes to crown France's six-month presidency of the E.U. with a deal on the policies needed to meet these targets, but he will have to muster all of his Gallic charm to overcome resistance from former East bloc countries, which rely on heavily polluting coal-fired plants for energy...