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...banking sector and also about Citi's ability to get decent prices on any other asset sales. Even JPMorgan Chase, which reported a small fourth-quarter profit of $702 million, was the bearer of troubling news, as CEO Jamie Dimon spoke of more hard times to come. "The worst of the economic situation is not yet behind us," he said, noting that the bank's most worrisome businesses going forward are consumer loans and credit cards. (See pictures of scared traders...
...Germany Better Late than Never After months of denying there was any need for a rescue, Chancellor Angela Merkel unveiled a $66 billion stimulus package and a $132 billion loan fund to help Europe's largest economy through its worst recession since World...
...Orazem has just taken the podium in an overcrowded ballroom at the San Francisco Hilton. Hundreds of fellow Ph.D.s in Dockers, blue dress shirts and thick glasses fill the seats and line the walls. They've come to hear several economists offer their unique perspectives amid one of the worst financial crises in history, and Orazem, an Iowa State University economics professor, starts off discussing a government plan to combine health care and homeland security. "Now, instead of sending you to the doctor, they send you through airport security," he says. "On my way out here, it was established that...
...destroyed long ago by men like Fidel and Raúl Castro, men who took up the bastion of worthy ideals like education, enlightenment, and opportunities for all only to betray them for their own personal interest. As they became what they most hated, their socialism showed symptoms of the worst kind of individualistic and corrupted ethos. And those around the region who choose to remember a tragic revolution in positive light share a similar duplicity...
...American Statesman have not exactly been fending off eager buyers since being put up for sale last year, and given that the P-I lost $14 million last year, it looks unlikely that the publication will last past March, at least as a full-fledged newspaper. (See the 10 worst business deals...