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...Most troubling to the financial markets is the ongoing question surrounding the nation's biggest banks, including reports that Bank of America's acquisition of Merrill Lynch is shaky and that BofA will need billions more in federal assistance. Meanwhile, Citigroup is trying to stay one step ahead of the sharks, er, shorts, who have taken the stock down more than 20% in the past two days. Though Citi is moving aggressively to hive off assets and divisions - earlier this week it announced the merger of its Smith Barney brokerage unit with Morgan Stanley's Global Wealth Management division...
...lectures, Hare recalls the lawyer's response: "Your play portrays a megalomaniac psychopath who drags his newspapers downmarket, who has no concern for editorial standards, who has no sexual pleasure except in the public humiliation and violent dismissal of his staff. If Rupert Murdoch really wants to step forward and identify himself as the hero of the play, then my advice would...
...know where you are with Es Castell (www.fincaescastell.com), however. A sprawling 12-bedroom stone house dating from the 11th century, the hotel is tucked into the southern slopes of the Tramuntana Mountains in the north of the island. To walk through the doors is to step back in time - the tiled floors, white walls and exposed beams make it difficult to argue with manager James Hiscock when he describes Es Castell as "one of the prettiest hotels in Majorca...
...ceasefire. In Cairo, a Hamas spokesman appeared more conciliatory toward the Egyptian peace plan and said that the Islamist leadership, both in Gaza and in Damascus, would be studying the latest Egyptian proposal, whose contents have yet to be disclosed. One Hamas source told TIME, "We've moved a step forward, and now we're going to test the Egyptian's influence on Israel...
...next step is getting the Israelis to accept. Israeli officials say a bitter feud has erupted between Prime Minister Ehud Olmert and his Defense Minister Ehud Barak over how long to prolong the Gaza assault. Barak says he is ready for a truce, arguing that Hamas has suffered a punishing blow from the Israeli blitzkrieg and the next step - sending troops into Gaza City's crowded streets - could raise the casualty figures far higher among Palestinian civilians and Israeli soldiers. But Olmert wants to press on until Hamas' leadership and 15,OOO to 20,000 fighters are weakened even more...