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...Europe, who are getting impatient with market still fearful despite the $2 trillion plan announced by the 15 eurozone countries to buck up banks and credit systems. "We should stop looking at stock market activity the way a mouse watches a cat, and start thinking in the medium-term," the Luxembourg Prime Minister Jean-Paul Juncker told German radio Deutschlandfunk. Belying his own maxim, however, Juncker suggested additional efforts European governments may be planning to make should "impress the financial markets...
...shows how solid, diversified and growing Google is. And what about the future in this cataclysm of an economy? While CEO Eric Schmidt was characteristically measured and calm ("While we are realistic about the poor state of the global economy, we will continue to manage Google for the long term...") it looks like Google will emerge from Great Depression 2.0 bigger and stronger than ever. Spend some time with the balance sheet, and listen to Google's top execs - who jackjawed over an hour with analysts after the market closed today - and you can't help being a believer...
...quite as simple as purchasing a house back home. Mortgages are rare. Currency fluctuations make buying at the right time all the trickier. And, most importantly, in both Thailand and Indonesia, foreigners cannot own land. Expatriates have two choices. They can either lease land on a long-term basis, which means the value tends to depreciate as the years pass. Or they can set up legal structures in which a local person or company owns the land but usage rights are held by the foreigner. Although tens of thousands of expatriates have negotiated such deals, they...
...Hong Kong, the financial and managerial nerve center of the Chinese region often called the world's factory, is a wealthy city. But even here, the global credit squeeze is making it tougher for businesses to borrow money to cover their short-term needs. "Right now, we're facing trouble," says Tommy Lam, owner of a garment factory in Dongguan, a Chinese manufacturing hub near Hong Kong. "We're not getting repeat orders we're supposed to get. [And] banks are warning us they may cut our credit in the future...
...Files, with a difference. The conspiracy this time is called The Pattern: someone or something is performing experiments, using humans as guinea pigs. The passengers and crew of a transatlantic flight are skeletonized by flesh-eating bacteria; a prostitute is impregnated with a fetus that gestates, painfully, to term within hours...