Wall Street’s benchmark Dow Jones index plunged Monday to close at levels not seen since 1997 — after U.S. insurance giant AIG revealed monumental quarterly losses of $62 billion. AIG’s results came hours after the U.S
Tag Archives: america
Swiss Banks
It’s been a year since Mitt Romney dropped out of the Republican presidential race, but he remains an influential conservative voice — particularly on economic issues.
What would AIG’s $62 billion loss buy?
The monumental quarterly loss revealed by U.S. insurance giant AIG of $62 billion is the largest in corporate history, amounting to about $460,000 per minute.
Warm welcome in Phoenix after jungles, wire fences
"Always you have to run for your life," says Boo Htoo, who grew up in a refugee camp in Thailand just across the border from Myanmar. Ethnic minorities still flee the repressive military regime in Myanmar, formerly Burma
Debate: Football or soccer?
It’s time this debate was settled once and for all. While it may be a basic discussion; arguing whether the beautiful game should be called “football” or “soccer” is one of the most fundamental debates of the code
Obama’s agenda: One of the ‘greatest political dramas’?
President Obama’s address to Congress was full of lofty promises to make unprecedented investments in government programs, even as he aims to cut the deficit in half by the end of his first term. But it takes more than a proposal to bring about real change
Three British troops killed in Afghanistan blast
Three British troops under NATO command were killed in an explosion in southern Afghanistan on Wednesday, the British Defense Ministry said.
Amanpour: Obama’s call to arms and optimism
"As we stand at this crossroads of history, the eyes of all people in all nations are once again upon us — watching to see what we do with this moment; waiting for us to lead," President Obama said Tuesday night. “Those of us gathered here tonight have been called to govern in extraordinary times. It is a tremendous burden, but also a great privilege — one that has been entrusted to few generations of Americans.
Will anyone watch the ‘Watchmen’?
They have come to glimpse the miracle. They have come to witness the revolution. They have come for "Watchmen" — the allegedly unfilmable superhero movie, the long-awaited adaptation of the comic book that changed the face of comic books forever
Young son of UK opposition leader dies
The disabled young son of UK opposition leader David Cameron has died, UK media have reported. In his first speech to a joint session of Congress, Obama said it’s time to act boldly not just to revive the economy, but “to build a new foundation for lasting prosperity.” “While the cost of action will be great, I can assure you that the cost of inaction will be far greater,” he said.