Word: foxes
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...tens of thousands of workers and a 60% drop in its stock price - news that the government would step in propelled its shares, which rose 58% from Friday's close. "Equity investors were panicked about the company's viability," says David Trone, who follows Citi at the investment bank Fox-Pitt Kelton. "This takes away the remote possibility that the company could find itself in bankruptcy." (See the top 10 financial-crisis buzzwords...
...billion worth of troubled assets from Citi's $2 trillion balance sheet. The bank, though, has roughly another trillion dollars in assets that aren't on its balance sheet but kept in entities somewhat removed from the company. These assets could be problematic if the economy grows worse. Fox-Pitt Kelton's Trone also points out what's not included in the government backing: $129 billion in nonresidential consumer loans like credit cards, auto loans and small-business, student and personal lines; $150 billion of consumer loans overseas; and Citi's corporate-loan portfolio. Put simply, there's room...
...years, Le Corbusier, a major modernist architect of the twentieth century, was admired exclusively for his art, biographer Nicholas Fox Weber said last night. But many overlooked his personality in favor of his achievements, he added, addressing a small crowd at the Carpenter Center, the sole building in the U.S. designed by the Swiss native. Sharing anecdotes from the artist’s life, Weber, the author of a newly released biography, sought to introduce the man who was known as Charles-Édouard Jeanneret-Gris before his career took off. “Getting to know...
Hill, E.D. • unrenewed Fox News contract...
...same time, and largely under the radar, CAP worked furiously during the elections to deliver talking points to overworked journalists, including those at Fox, MSNBC and ABC News, who repeatedly used CAP and its Action Fund's research to quiz McCain surrogates. The hosts and guests of the Sunday news shows received routine briefings by CAP researchers. Liberal talk radio hosts and Democratic surrogates also receive daily talking points from the group. Meanwhile, liberal blogs have long become an echo chamber for CAP's own Internet outreach program, which produces reams of information that highlighted contradictions or hypocrisies in McCain...