Word: quarterly
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...moon 40 years ago. Going back proves nothing, and there may be little to no scientific value to a permanent moon settlement. Mars is hardly realistic, because the lengthy cruise to get there would severely disfigure our astronauts. Prolonged habitation in zero-gravity environments might permanently cost astronauts a quarter of their skeleton due to osteoporosis. While many Americans view China’s space program as a threat, there is hardly enough political will necessary to fund such an ambitious proposal on a rapid timescale. The Orion capsules that will replace the space shuttle have already been delayed...
...Investors who believe that Apple can still do well got a hand. Smart phone king Research In Motion (RIMM), maker of the Blackberry, posted strong earnings for the last quarter. The company did what Wall St. likes most of all. It did better than expected in the last reporting period and said it would do better than people anticipated in the future. Now Wall St. gets to re-evaluate Apple. RIMM, which is among the lesser branded competitors in the field, has done fine even in a downturn. Even if the recession has been deepening, businesses and consumers are willing...
...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...
...that the tug of recession. "Our core view is that banks' [stocks] will not bottom until nonperforming [loan] growth decelerates," opined Goldman Sachs analyst Richard Ramsden in a report to clients on Friday. "All of the 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...
...Japan's economy contracted at an annualized rate of 12.1% in the last quarter of last year - the sharpest downturn since the oil crisis of the mid-1970s. Tokyo is working on an additional stimulus package - the country's third in the last six months - that is expected to pump at least $100 billion more into the economy...