Word: spend
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...Americans spend...
Citigroup (C), Goldman Sachs (GS), and Wells Fargo (WFC) had better-than-expected earnings. The banking sector was supposed to spend the balance of this decade feeling around in the dark and finding nothing but more bad assets and little revenue from what had been an investment banking goldmine fueled by quarters of good M&A and corporate finance results. Citi's numbers beat forecasts but revisionists began to take apart the earnings after the fact. An analyst from Goldman Sachs wrote that the big bank's credit losses are growing at a "rapid rate," meaning the shares remain...
...China's government is backing the industry's push toward electric cars. Large fleet owners - in China, that's mainly regional governments and taxi companies - now get subsidies worth up to $8,800 per vehicle if they buy electric. Beijing has also announced that it will spend $1.5 billion in grants to help its auto industry innovate. Because most Chinese car owners don't travel long distances, but rather commute in smoggy, traffic-clogged cities, a switch to plug-in electric vehicles is more plausible in China than in other countries...
...needing them later, as Gen Ed has more departmental courses instead of classes designed only to fulfill a requirement,” Brooks said. “I don’t like the idea of taking a class because I have to—I want to spend my time taking classes that interest me and also happen to fulfill requirements at the same time...
You’d be surprised at what can happen when you spend two hours a hotel suite. In the Kirkland House Drama Society’s production of Suites—based on a collection of Neil Simon plays—four sets of characters love, fight, and forgive in four different storylines that all take place in a hotel suite. Alcohol flows, expletives fly, and arguments rage—check out all the drama (and a surprise cross-dressing guest star) after the jump...