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...billion in loans. The rush to Dubai has left Citi on the hook for billions of dollars of losses in the financially troubled gulf state. According to research firm Creditsights, Citi has made an estimated $5.9 billion in loans in the U.A.E., which includes Dubai as well as its oil-rich neighbor Abu Dhabi. Of that, $1.9 billion was made to Dubai World. In the end, it might not lose that much. On Monday, Abu Dhabi said it would provide $10 billion in financing to help Dubai pay off its debts. And Citi says that "although we do not comment...
...from the government, Citi helped arrange an $8 billion loan for Dubai's state-linked companies. It's unclear how much of the loan Citi held onto. By that time, Citi's own research staff had begun to issue warnings that Dubai was the most vulnerable economy in the oil-rich gulf because of its exposure to real estate and debt. Nonetheless, Win Bischoff, who was Citi's chairman, said at the time of the financing, "This is in line with our commitment to the [U.A.E.] in general, and reflects our positive outlook on Dubai in general...
...skim milk and bananas on Dr. George Harrop's aptly named bananas-and-skim-milk diet. As late as the 1960s, Dr. Herman Taller was touting the Calories Don't Count diet, which held that the quantity of food consumed was unimportant provided that you chased it with vegetable oil...
...argue that we need to take better care of our planet. Go “green” this year and give presents that give back to the environment. Help cut down on fuel consumption by forgoing plastic water bottles—it takes 1.5 billion barrels of oil per year to meet America’s demands for plastic water bottles and 20 years for them to decompose in a landfill. A stainless-steel water-bottle would be a great alternative to bottle up the beverages. Kleen Kanteen and Swigg manufacture reusable stainless steel water bottle makers...
...Camara hardly inspired much hope. In a documentary on news network France24, the 35-year-old soldier was keen to show off his bedside literature: a copy of the self-help book The Power of Positive Thinking. The hallway of his barracks is hung with a clumsy oil painting of him riding a horse, eyes fixed on the horizon like some latter-day Napoléon. Many in Guinea maintain that Camara lost control over the army within months of seizing power in a Christmas coup after the death of President Lansana Conte. He himself admitted as much after...