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...instance, the government completed its initial investment of $25 billion in Citigroup in late October. Back then, a preferred share similar in type to those purchased by the government was trading at $15.60. Since then, the shares have fallen 12%, to a recent $13.67. To figure out the total return of Treasury's portfolio, TIME compared the returns of an index that tracks financial preferred shares with the dates on which Treasury made its investments. All told, in about six weeks the Treasury Department has lost an estimated $16 billion, or about 10% of the money invested...
...concerns of animal rights and welfare activists. "The more we understand about what animals actually experience, or what they feel, the better we can judge what we do to them," Range says. So it's good news for animal lovers that Man's Best Friend is the jealous type...
...trying to develop thinner, stronger steel that can replace plastic in washing machines and other appliances. They're also experimenting with coatings that are eco-friendly and more effective in fighting corrosion. Dulux Trade, the paint subsidiary of Netherlands-based chemical firm AkzoNobel, this year started selling a new type of paint called Ecosure that sharply reduces the amount of embodied carbon and other so-called volatile organic compounds--and is being heavily marketed as "a new era in sustainability and performance." At the R&D center of French cement giant Lafarge, director Pascal Casanova waxes lyrical about Ductal...
...depends on what type of show you want to do. What we've created on Morning Joe is a safe house of ideas, where everyone can come in and say what they want. They know they're going to be treated with respect...
...early December and indications of growing steel production. But any economic recovery in China is likely to take place in the second half of next year, while during the first six months of 2009 growth could plunge to 5%. For most of the rest of the world that type of performance would be a dream. But for China it would be painful. "The data will look ugly for the first half of next year feel," he says. "For many it will feel like a recession. For the average worker it will feel like a recession. But the foundation for recovery...