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...Lowdown: This document is the Saw of state-budget reports: a sadistic statistical journey that gets uglier the deeper you delve. In persuasive, insistent language, the authors hoist one red flag after another. They also underline a worthwhile point: for all the grumbling about the deficiencies of the economic-stimulus package, it has have been the glue holding states' tattered budgets together. And the boost it has offered will inevitably wane. "Several revenue failures are generating a lengthy chain of acute budget gaps," the report notes. "Because the current state fiscal crisis began in FY 2008, many states are looking...
...bank's strong earnings announcement, analyst John McDonald, who covers Citi for Sanford C. Bernstein, cut his estimates of what the bank could make next year. Instead of his earlier projection that Citi would turn a profit in 2010, McDonald thinks the bank will be solidly in the red next year, losing $3 billion. In his report, McDonald said investors should worry about "the earnings power and strategic direction of the franchise amid all the change and increased government ownership now under way." (See 25 people to blame for the financial crisis...
...impression that the monument actually suffered from being converted back into a church after Christian monarchs finally conquered Cordoba. The Renaissance cathedral added inside the Mezquita after its conversion would be fairly standard if it stood alone, but it seems wildly out of place amidst the elegant red and white Islamic arches...
...cross the streets where the crosswalk symbol ticks slowly for red and fast for green. This ticking, the throngs pouring out of the subway exits, the escalators with the looping announcement in Cantonese, then Mandarin, then English—“Please hold the handrail” —combine to create the quintessential Hong Kong commute. The fan-wielding dancers under the park shelter, the fishermen holding rods in the downpour, the old woman shaking a metal bowl across from city hall and telling me to get out of the rain, show me that life goes...
There are a lot of those people. To date, Paul and Joe have played more than 500 shows in 49 states. (Give it up, Hawaii!) Paul (on guitar) and Joe (keyboards) dress in white shirts and orange-and-red-striped Gryffindor ties. They have a rotating cast of drummers, la Spinal Tap, and are occasionally joined onstage by the giant squid that lives in the Hogwarts lake. Their hits include "Save Ginny Weasley," "Voldemort Can't Stop the Rock!" and "The Weapon We Have Is Love...