Word: shared
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...Barclays Capital doubled in the first half of the year, to $1.7 billion. The group's charges for bad debt, meanwhile, leaped by a similar rate, to some $7.7 billion. Vital to the bank in coming years: reducing its reliance on highly cyclical investment banking by boosting the share of income from commercial and retail operations. (See 25 people to blame for the financial crisis...
...Even if Lewis holds on this his job, the hiring of Krawcheck underscores the fact that Bank of America has a growing honesty issue with shareholders. Krawcheck has a reputation on Wall Street as being Ms. Clean. Fortune magazine (TIME and Fortune share the same publisher) once dubbed Krawcheck the "last honest analyst" on Wall Street...
...domestic carmakers - Ford Motor Co., General Motors and Chrysler - had less frothy numbers but still managed to pick up market share in July for the first time in months, at the expense of German and Japanese competitors. Ford emerged as one the program's biggest winners, posting a genuine sales increase for July over the same period last year; the automaker could also lay claim to the top vehicle purchased with clunker cash: the compact Ford Focus...
...Gweru, the sense of frustration was palpable. "Are we all doomed?" one audience member asked Tsvangirai. The day after the speech, I meet a group of MDC supporters in Bindura, an area of yellow-grass farms and bare granite hillsides an hour north of Harare, who share the gloom. MDC members there were among the worst affected by last year's violence. Mangezvo Chenjera, 38, an MDC village councilor, says that last June a ZANU mob smashed through the walls of his house, dragged him out, broke both his legs with iron bars and left him for dead...
...week for the Sturgis Motorcycle Rally, one of the largest biker gatherings in the world. The small town's population will grow more than sixtyfold as crowds of iron-horse lovers take in a week of open roads, flowing booze and hard living. The rally attracts more than its share of weekend warriors eager for a brief interlude of escapist revelry. But for thousands of members of the Hells Angels, the nation's most notorious motorcycle gang, it's not vacation; it's a way of life. (Read "Outbreak of Biker Violence Leaves Australia on Edge...