Word: sure
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...sure, Citi's potential losses in Dubai are not enough to bring down the bank. Citi has $2 trillion in assets. And the Dubai losses look puny compared to huge hits the bank took in subprime lending and the mortgage market in general. But Citi was far more aggressive in courting Dubai business and left itself open to far more losses in what now seems was a financial house of cards than any other U.S. bank. JPMorgan, the U.S. bank with the next highest loan exposure to Dubai, has $2.5 billion in loans outstanding in the U.A.E., according to 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...
Born in Oklahoma, Roberts had a disarmingly folksy style. He wrote about his grim days as a preacher's son ("I felt quite sure that Jesus lived with us because Mamma and Papa talked to him so much") and a life that had all the hagiographic basics in it, including his mother's vow to give her child to God in return for the healing of a neighbor's child, and his bloody bout with tuberculosis and miraculous cure. "Son, I am going to heal you," God reportedly told him, "and you are going to take the message...
Last September, when French authorities sent riot police to raze "the Jungle," a makeshift camp near Calais, they made sure plenty of international media were on hand. By closing the camp and dispersing its population of clandestine aliens who were awaiting a chance to sneak across the Channel to Britain, the authorities aimed to provide clear proof of France's determination to battle illegal immigration. But less than three months later - with TV cameras gone - humanitarian workers are struggling to deal with problems that have actually been exacerbated by the raid...
...where Shi'ite Houthi rebels in the north launched attacks in neighboring Saudi Arabia last month, sparking an air strike by Saudi jets on Houthi territory. U.S. officials say they have no proof that Iran is involved in the Yemen conflict, but deeply suspicious gulf states, including Yemen, are sure Tehran is stoking a potentially explosive war. Yemeni President Ali Abdullah Saleh told TIME last month that the rebels "want to follow the system of Iran," and a Yemeni official in Manama insisted that his country's security forces had found proof of Iranian backing for the rebels...