Word: totalizer
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...banks that failed the tests and how much money they will be asked to bring in as new capital. Citigroup (C), Wells Fargo (WFC), and Bank of America (BAC) are troubled, as the government sees it, and will have to improve their balance sheets by a combined total of almost $60 billion. JP Morgan (JPM) and Goldman Sachs (GS) passed the tests and are free from any additional obligations. The stock market has been voting on which banks are in trouble. The price of the shares in each of the banks indicates that traders already knew which firms had problems...
...sanitation for tens of thousands of refugees. It will be even more important as the country tries to rebuild the north after nearly 30 years of war. Spending on military pay, pensions and hardware has put a huge burden on Sri Lanka's budget. This year, the government's total tax revenue, after debt servicing, will not be enough to meet its expected spending. And yet the Sri Lankan government has not only refused to accept humanitarian conditions on aid; it has tightened its position on access to civilian refugees, whom it calls the beneficiaries of "the largest hostage rescue...
...Barack Obama, U.S. officials were doing their best to soothe congressional skepticism over sending Pakistan's military and political authorities desperately needed infusions of cash. Richard Holbrooke, Obama's special envoy to Afghanistan and Pakistan, told the House Foreign Affairs Committee on Tuesday that Zardari has the Administration's total backing. "He should be treated as the leader of a country who vitally needs our support and whose success is vitally related to American interests," Holbrooke said. Asked whether the Obama Administration had any contingency plans for the possible collapse of the Zardari government, Holbrooke said even discussing such...
...Ottawa and the Ontario government are contributing a total of $3.2 billion in loans to keep Chrysler Canada alive, including $850 million extended to the ailing automaker at the beginning of the year. Prime Minister Stephen Harper and Ontario Premier Dalton McGuinty have characterized the Canadian contribution as proportional to the $12 billion in emergency loans that the Obama Administration has made available to Chrysler LLC, now under Chapter 11 bankruptcy protection. (See the worst business deals...
...staff," de la Pena said. Pena hoped that the lack of tourists would last no more than three months. But others fear that few Americans or Europeans will be back tanning on Mexican beaches this year. Considering that foreign tourism gives Mexico $15 billion a year, total losses to the economy could be devastating...