Word: quarterly
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...India, every major national economy in the world now readily admits that it is in the midst of GDP contraction. The resulting slowdown in global trade will certainly affect China seriously, as well, and sooner than most analysts think. A deep recession in China may be only a quarter away...
...bank dealer of last resort. And the rising cost of failures puts ever more pressure on the FDIC's insurance fund. In the first nine months of 2008, the fund had to pay out nearly $18 billion to depositors of failed institutions. At the end of the third quarter, the fund stood at $34.6 billion, down 34% from the end of 2007 to its lowest level since...
...more Jewish, more connected to my mishpacha, than I ever had before.In Paris, I spent an afternoon searching for Goldenberg’s. My dad, who lived in Paris during his 20s, suggested I visit this famous Jewish deli. I followed his directions through the Marias, a traditionally Jewish quarter, but Goldenberg’s was no where to be found. My roommate and I walked into the first Jewish bakery we found and asked a random American man for directions. I discovered that Goldenberg’s had closed. I also discovered that the random American...
...Things did not work out that way. Citi announced that it had lost $8.3 billion last quarter. There was no confidence in management. The general belief that the banking system is so badly broken fueled the fear in the government and the public that matters were going to get even worse. (See pictures of the Top 10 scared traders...
...will step in and do what it did for Bank of America (BAC) as its Merrill Lynch unit posted a $15.3 billion loss in the fourth quarter. Citi will also get a program which will guarantee the value of certain bad assets and keep the bank from failing...