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...Onion •report by that "Nation Ready To Be Lied To About Economy Again...
...government are fudging them. Nouriel Roubini, the hard-headed pessimist who foresaw the financial crisis, wrote Tuesday in the Wall Street Journal that the overall positive message of the stress tests "would be good news if it were credible," but it's not. He points to the recent IMF report that estimated $2.7 trillion in U.S. loan and security losses, and his own estimate of $3.6 trillion for the same potential losses. "The financial system is currently near insolvency," he concluded. Bernanke disputes the numbers, saying banks have "taken significant write-downs, they have reserves and there are substantial earning...
...however, thinks the coffee war between McDonald's and Starbucks could be overhyped. "I think it's a bit naive to think that all of those Starbucks customers are running across the street to McDonald's," says Sharon Zackfia, an equity analyst at William Blair & Co. In a recent report, she noted that when McDonald's rolled out local TV advertising for McCafé in Michigan, Starbucks management told her that Starbucks actually saw a boost in traffic. "The obvious answer to Starbucks' problems is that the economy is weak, and 30% of its stores are in California and Florida...
...individual brands under the umbrella of a kind of holding company, described in a statement by Porsche as an "integrated leading company." The merger also entails a $6.7 billion capital increase, financed by Porsche's existing shareholders, for the new company this year or next, according to a Reuters report...
...promoting this statistic, MenSpeakUp fails to elaborate. If it did, it would become clear that this statistic does not refer exclusively to women who were the victims of serious sexual assault—for instance, rape—but includes women who report so little as having engaged in unwanted sexual acts. This is a fairly low threshold, if ever there were...