Daily News Channel
European markets closed lower Tuesday, following a global selling spree the day before. Europe’s major exchanges drifted up in morning trading but by the end of the day London’s FTSE 100 was down 3.1 percent, the CAC 40 lost 1 percent and Frankfurt’s Dax 30 sank 0.5 percent.
In the midst of a celebrated career that has taken place almost entirely behind the political curtain, Nancy-Ann DeParle was introduced to a microphone Monday by the President of the United States on live television, and she almost turned it down. “Nancy, do you want to say a little something?” Obama asked her at the end of a ceremony in the East Room
European markets opened higher Tuesday, following a global selling spree the day before, although fell back slightly by early afternoon trading.
In apparent homage to the new President, PepsiCo has plastered the sides of buses and bus stops in the nation’s capital with slogans like “Yes You Can,” “Optimismmmm” and “Hope.” In each poster, the letter “O” is inscribed with the redesigned Pepsi logo, a red, white and blue sphere that echoes the rising sun image used by the Obama campaign. It is not hard to interpret the message. Since 1984, Pepsi has been marketing itself as the hip, happening beverage of youth — “The Choice of a New Generation,” as its longtime slogan went
President Obama on Thursday unveiled a $3 trillion-plus budget that he says will halve the federal deficit by the end of his first term.
Management at AIG has calculated exactly how much money the Treasury and Fed will have access to after all of the TARP, financial stimulus, and mortgage bailout projects have been funded. The insurance company then plans to ask for whatever is left to fund its deficits so that it can stay in business, effectively making the federal government insolvent. According to CNBC, AIG is about to post another huge loss.
Americans like answers in black and white, a cultural trait we confirmed last year when the biracial man running for President was routinely called “black”. The flattening of Barack Obama’s complex racial background shouldn’t have been surprising. Many multiracial historical figures in the U.S.
Antiguan and Barbudan regulators Friday took control of U.S.financier Robert Allen Stanford’s financial institutions on the twin-island nation, a day after federal agents served the Texas businessman with papers accusing him of running an investment fraud scheme.
— Call it a bankruptcy in disguise. Although General Motors and Chrysler are scrambling to pull together plans by Tuesday showing that it makes sense for the government to support them without invoking the dreaded “B-word,” the efforts look like a classic case of reorganization