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First Cash Financial recently raised earnings guidance for fiscal 2009 and 2010 to reflect higher than expected revenue from the company's pawnshop operations in the U.S. and Mexico. "Our fourth-quarter pawn revenues significantly exceeded our expectations," said Rick Wessel, the company's chief executive, in a statement. The revised projections imply earnings growth of 20% to 26% for the fourth quarter, up to 14% for fiscal 2009 and as much as 16% in fiscal 2010. (See the worst business deals...

Author: /time Magazine | Title: Pawnshops Flourish in Hard Times, Drawing Scrutiny | 1/14/2010 | See Source »

...Lehman Brothers, AIG and WaMu, before Bernanke called upon decades of historical study to start dispensing money to banks and then quasi-banks and then companies that weren't banks at all. In his insider account In Fed We Trust: Ben Bernanke's War on the Great Panic, David Wessel details how Bernanke essentially turned himself into a fourth branch of government, exploiting a loophole in a 1932 law that gave the Fed wide latitude in "unusual and exigent circumstances" to become a virtual economic commander in chief, dropping several trillion dollars into the nation's credit jet stream without...

Author: /time Magazine | Title: Why Obama Reappointed Bernanke to the Fed | 8/25/2009 | See Source »

...will commit the party to the grand coalition more than before," says Gerd Langguth, a political scientist at Rhenish Friedrich Wilhelm University in Bonn. Stoiber's exit, meanwhile, removes a powerful potential rival from Merkel's Cabinet. So predictions of the grand coalition's demise are premature, says Bernhard Wessel, a political scientist at Berlin's Free University. He calls Müntefering's departure a "beneficial shock" that will resolve tensions between the party's old guard and its younger, more radical members. "The chances for a successful coalition have increased," he says. As for Merkel, she "will face...

Author: /time Magazine | Title: Berlin's Shock Therapy | 11/6/2005 | See Source »

...combat the precedent, Wessel says Summers even started writing thank-you notes at the Treasury, praising staff for doing a good job and complimenting reporters for publishing fair, if not always favorable, stories...

Author: By Leon Neyfakh, CRIMSON STAFF WRITER | Title: How Larry Got His Rep | 3/3/2005 | See Source »

...aware of his tendencies to slight people, and he was trying really hard to compensate for them,” Wessel says...

Author: By Leon Neyfakh, CRIMSON STAFF WRITER | Title: How Larry Got His Rep | 3/3/2005 | See Source »

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