Word: natione
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...number of risks remain for the nation's largest banks, any one of which could derail the recent rally. Not only will banks' earnings probably be down in the first quarter, Treasury Secretary Timothy Geithner's plan to rid the banks of their troubled loans suggests there could be billions more in losses as banks offload these loans in the quarters ahead. What's more, a number of banks have yet to deal with a requirement to recapitalize their large trove of off-balance sheet assets, which will put further strain on banks already strapped for cash...
...data points we track in the first quarter point to an acceleration." Banks are expected to report their results for the first few months of the year in the next two weeks. And despite positive statements from bank CEOs in recent weeks, earnings at nearly all of the nation's largest banks will likely have fallen in the first quarter versus one year ago. The one exception is Citigroup, which will probably report a loss, though less than a year ago. Citigroup's red ink this time around could washout at $1.8 billion. (Read "Citigroup's Mergers Business Is Still...
...couple of days later, and that would be it. It wouldn't be the public torture that is going on today." (Both sources - like pretty much everyone else interviewed for this story - insisted on anonymity, citing the sensitivity the issue has engendered.) (See pictures of Barack Obama's nation of hope...
...around 42%, and his announcement spurred vehement street protests late last year from old, new and future Gurkha recruits. Dahal promptly reneged, announcing in a February meeting with a visiting delegation of British parliamentarians that the recruitment of Nepali men into their forces had bolstered ties between the two nations, and that he was not in favor of stopping recruitments. But behind closed doors, Nepalese officials still squirm at the thought of their countrymen being paid for fighting another nation's war. "This is an obnoxious practice," said one official from Nepal's Foreign Ministry, who requested anonymity because...
...wake of the 9/11 attacks, then President Pervez Musharraf had little choice but to support the U.S. campaign in Afghanistan - despite his misgivings over Washington's strategy there. Indeed, Pakistan had helped install the Taliban in Kabul in 1996, to ensure that the nation's western flank was controlled by a friendly regime. Even a month after the U.S. air campaign in Afghanistan began in October 2001, President Musharraf declared publicly that his government had no intention of breaking diplomatic ties with the Taliban, saying the ties provided a "useful diplomatic window" and claiming that the relationship was "fruitful...