Word: reds
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...that a pimple on her butt? It's hard to imagine why Flemish Renaissance artist Peter Paul Rubens would paint a blemish on the backside of one of the fleshy lovelies meant to represent beauty, charm and good cheer, but there's no denying that single red brushstroke in the midst of his central figure's creamy skin. At least not now that the painter's 1638 masterpiece The Three Graces is available in ultra-high definition on Google Earth...
...mugs, skateboards, toy trains, CDs, DVDs and, of course, commemorative dinner plates. Ben & Jerry's is introducing a Yes Pecan flavor in honor of Obama's campaign slogan, and Marvel Comics is running a special Inaugural issue of Spider-Man. Pepsi has created the Pepsi Optimism Project with a red, white and blue logo almost identical to Obama's sunrise button. And Obama's face now graces subway tickets sold in the nation's capital...
...break from what he called foolish tradition. Following a hot-dog lunch at the White House, the new President, in holiday mood, beamed indiscriminately as Al Smith, cowboy star Tom Mix and six miles of jubilant Democrats paraded past his reviewing stand. Just a day after a decidedly unpleasant Red Room tea with the Hoovers, Roosevelt returned to the same room to greet 13 children on crutches, emissaries of hope from Warm Springs, Ga. Declaring, "It is my intention to inaugurate precedents like this from time to time," he looked on as his full Cabinet was sworn in en masse...
...Deutsche Bank (DB), the largest bank in Germany, said it would post a loss of $6.4 billion. Analysts believe the red ink at Citigroup (C) could be more than $10 billion. Bank of America is expected to turn in a $3.6 billion loss. Those figures do not include JP Morgan (JPM), Wells Fargo (WFC), Morgan Stanley (MS), Goldman Sachs (GS) and a number of deeply troubled overseas companies including UBS (UBS), Credit Suisse (CS), and Barclays...
...storm known as the subprime crisis had been gathering for much of the year, and inside the Fed, Timothy F. Geithner, president of the New York Federal Reserve Bank and a vice chairman of the Federal Open Market Committee (which sets interest-rate policy), had quietly been raising red flags among his colleagues. Earlier that month, the European Central Bank had startled traders by pumping close to 100 billion euros into the short-term-credit markets - an unexpectedly massive intervention. It was as if the global financial system had had an angina attack, a brief, unexpectedly painful episode that signaled...