Word: morganization
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...month high. The binge is being fueled in part by optimism that Beijing's $586 billion stimulus program will drive a turnaround in the sagging economy. "After a brief pause, China's appetite for natural resources has returned to buoyant levels," Jing Ulrich, chairman of China equities at JP Morgan in Hong Kong, wrote in a report last month...
...Congress Party's victory would bring political stability to India and give Singh's progressive administration a freer hand to pursue economic reforms in sectors such as insurance, retail and banking. Some analysts are already revising India's GDP growth and corporate earnings outlooks. Chetan Ahya, economist for Morgan Stanley Asia, upgraded his growth forecast for India this year from 4.4% to 5.8%. "The markets are enthused by the current political developments after 18 years of coalition governments," says Bharat Iyer, head of India research at JP Morgan...
...June 1, I start shooting the biggest movie of my career. It's called A Couple of Dicks and stars both comic genius Tracy Morgan and one of my longtime heterosexual crushes, the pride of Penn's Grove, N.J., himself: the Yippee-Kay-Yay-ster, Walter Bruce Willis...
...Commerce Department's Bureau of Economic Analysis had grown to more than 70% of gross domestic product (GDP) in recent years, well above the 1950s-1990s average of 64%. This was an artifact of the consumer and mortgage credit boom of the 2000s, and economists ranging from Morgan Stanley's Stephen Roach to White House economic czar Larry Summers had been proclaiming for several years that the percentage had to come down. It has thus far stubbornly refused, with consumer spending hitting 70.7% of GDP - close to a record - in the first quarter of this year. American households have lost...
...tests and how much money they will be asked to bring in as new capital. Citigroup (C), Wells Fargo (WFC), and Bank of America (BAC) are troubled, as the government sees it, and will have to improve their balance sheets by a combined total of almost $60 billion. JP Morgan (JPM) and Goldman Sachs (GS) passed the tests and are free from any additional obligations. The stock market has been voting on which banks are in trouble. The price of the shares in each of the banks indicates that traders already knew which firms had problems...