Word: nationalization
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This week the largest financial firms in the nation have been reporting how they did in the last three months of 2009. In two words: not good. Citigroup and Bank of America lost roughly $8 billion and $5 billion, respectively. The credit-card and mortgage businesses of JPMorgan Chase, which reported their earnings last week, were a disappointment. Wells Fargo posted a profit, but nonperforming loans and related charge-offs both jumped. Morgan Stanley turned a profit in the fourth quarter, but it was less than what analysts expected. Even earnings growth at Wall Street powerhouse Goldman Sachs somewhat slowed...
...printed shoe fell on Wednesday, when the New York Times partially lifted the veil on its plan to charge for access to its website. Speculation has been rife in media circles on how the nation's most influential and successful paper would go about touching what some consider to be the third rail of Web content. The Times' answer? Very gingerly. In effect, the paper seems to be asking its readers, Don't you really actually want...
...Coakley’s] more of the same old politics in Washington,” said Mass. voter Lindsay D. Bauer. “I think [Brown] will help start to lead the nation in the direction that it should be going...
...dealing a crippling blow to President Obama's agenda. As Scott Brown claimed victory in his bid to become the first GOP Senator to represent Massachusetts in nearly four decades, he told his ecstatic supporters that they had sent a message that is likely to shake Democrats across the nation at the onset of the congressional midterm election season. "What happened here can happen all over America," Brown declared. The Democrats, he predicted, "will be challenged again and again across this country. When there's trouble in Massachusetts, there's trouble everywhere - and now they know...
...others, resolving the case is a matter of national pride, one that arises in part from a stereotype among some South Koreans that foreign soldiers commit a disproportionate share of the nation's crimes. "We don't trust them. They come to our country and treat Koreans as below them," says Yoon Jong Hyun, 46, a truck driver in the city of Yangju, north of Seoul. "They commit a lot of crimes because they know they can hide behind the treaty...