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...that Citigroup (C) could lose $10 billion this quarter. A look at what is happening to consumer credit, LBOs, and the alarming increase in corporate bankruptcies means that Citi may need more than one injection of capital this year. The same holds true for Bank of America and a number of other financial firms which have not yet telegraphed their Q4 numbers...
...might be expected, sales in the U.S. fell more sharply than most anywhere else, down 3.5%. But, a huge number of American homes have more than one PC. The need to replace them is falling as the greater processing power makes it unnecessary for new machines to be purchased as frequently. And, to top that off, people do not want to spend $1,000 when money is tight...
...been "landslided" in the polls (a Bushism for "badly whipped"), he believes his stock will rise eventually. Consider: 52 months of prosperity between recessions. A situation in Iraq less calamitous than it once was. Even in the bungled response to Hurricane Katrina, Bush found a silver lining: the large number of people rescued from rooftops after the levees failed. "I think it's a good, strong record," he said...
...told, the number of verbal or physical assaults on Jews and ethnic Arabs that European authorities link to the Gaza violence has now passed 100 across Europe...
...unease is widely shared. As the German economy spirals downwards, some commentators see parallels to the dying days of the Weimar Republic and the conditions that enabled Hitler's rise. The German daily Der Tagesspiegel recently reported a rise in the number of Neo-Nazis, citing intelligence sources. Polls suggest the far-right NPD party could maintain the foothold in Saxony's state parliament that they gained in 2004 and win seats in the state of Thuringia in elections this summer. In December, the police chief of the Bavarian city Passau survived a knife attack by a skinhead, thought...