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...order to exit TARP, the bank will have to sell $20.5 billion in new shares. Analysts estimate the stock sale will lower the company's earnings per share by about 20%. "One of the basic problems for [Citigroup's] valuation is that it has too many shares as a result of its many rounds of capital raising and exchange offers," says analyst David Hensler, who follows Citi for research firm Creditsights...
...McKinley and his friends decided to try a radical experiment. They urged congregants to spend less on presents for friends and family and to consider donating some of the money they saved as a result. At first, church members weren't quite sure how to react. "Some people were terrified," remembers McKinley. "They said, 'My gosh, you're ruining Christmas. What do we tell our kids?' " The pastors had to reassure people that they weren't advocating a Grinchy no-gifts kind of Christmas, but rather one in which people spend a little less and think a little more, expressing...
...borders with Colombia and Peru as well as on farms deep inside the South American country, including one just west of the capital, Quito. René Vargas Pazzos, a retired general and former ambassador to Venezuela, rented a farm to a FARC commander, the report says. As a result, Huerta warned that Ecuador faces the same corrosive influence from the drug trade that neighboring Colombia has suffered for decades...
...funds toward businesses’ hiring credits, the government will hopefully bring down the remarkably high unemployment rate. According to Obama’s plan, tax credits will be given to industries that employ a certain number of low-skilled workers who would otherwise likely be fired as a result of the economic downturn. Historically, similar plans to keep workers employed during recessions have worked. The 1977 New Jobs Tax Credit was immediately followed by an 11.2 percent rise in employment—a record for the United States at the time. And there’s no reason...
...idea that mosques are the favored hunting ground of extremists and propagandists is a myth too. Since 9/11, law enforcement and national security agencies have maintained a close scrutiny of Muslim places of worship; equally, Muslim community leaders have grown more alert for any radical preaching. As a result, terrorist groups seeking American recruits now tend to propagandize mainly online. This also means that relatively wealthy Muslims are much more likely than poorer ones to be exposed to extremist views. "You need a computer, an Internet connection - poor Muslims don't have that kind of access," says Stewart...