Word: ued
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...good time to note that Crimson goalie Christina Kessler had a career-high 36 saves yesterday and is perfect so far again today, with 12 saves at this point. She's been on a hot streak yesterday, showing why she's the goalie for Team Canada's U-22 team...
...These men would have once spent their days barking out orders for shares on the trading floor (actually a U-shaped conference table in a nondescript downtown office) of the Harare bourse, but Zimbabwe's central bank forced the exchange to shut down last November amid allegations of fraud and rampant speculation - allegations deemed spurious by Zimbabwe's small investment-broker community. To be sure, the exchange was producing annual nominal returns of 23 sextillion percent, but Zimbabwe's inflation rate is even higher, rendering the bourse's real return close to -35%. Still, the government was taking no chances...
...company's attempt to improve the fortunes of its financial unit will not be without cost. As Morningstar says, "GE's decisions to wind down its non-U.S. portfolio and shift to higher-quality asset classes is welcome even though these decisions will likely pressure earnings going forward." GE makes the risks of its exposure to the real estate, tight credit markets, other financial firms clear in all of its public filings and readily admits that it may not be able to keep its "Triple-A" credit rating which would drive up its borrowing costs...
...Beijing. Meanwhile China has bashed what it calls efforts by the U.S. to promote protectionism. As money from China's $586 billion stimulus program begins to flow, some economists expect that it will encourage export production faster than it stimulates domestic consumption. If that's the case, the Sino-U.S. trade gap and the resulting economic tensions will only swell...
...grave global economic picture will mean other issues in the Sino-U.S. relationship are pushed aside in the early stages of the Obama presidency. Clinton brought along Todd Stern, the State Department's new special envoy on climate change, and will visit a high-tech, low-emissions power plant built with GE technology outside the Chinese capital to emphasize the potential for U.S.-China cooperation on greening industry. But experts don't expect any sort of quick agreement between the world's two largest polluters. "This is just the initial step to start talking about the issue," says...