Word: huge
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...number does not account for the huge reductions in dividends at most big banks which occurred at the end of last year. Citigroup (C), Wells Fargo (WFC), Bank of America (BAC), and JP Morgan (JPM) have already made cuts or are candidates to do so. Firms in media from The New York Times (NYT) to newspaper chain McClatchy (MNI) are low on income and high on debt. Any company with dwindling cash will be on the list of firms which are likely to need dividend reductions to preserve their balance sheets...
...think gay marriage was as big an issue in the presidential campaign as it has been in the past. The referendum in California certainly made it a huge post-election issue. It's still a very divisive issue in churches on the left and the right. But here's where the shift is taking place: young evangelicals and Catholics don't see gay marriage as a life issue. They have gay friends and colleagues and they don't see homosexuality as the greatest threat to marriage and family. Now, they care about marriage and family - this generation is really challenging...
...political left - as major precipitating causes of the financial meltdown. And while both were signed into law by Bill Clinton, Gramm has taken the most heat. (It hasn't helped that, since leaving the Senate in 2002, he's been working for Swiss banking giant UBS, which has sustained huge losses on bad mortgage securities and derivatives...
With an economy in meltdown, two wars to fight and a need to find his feet quickly, Obama may not have the time to rewrite Bush's rulebook, even if it does hurt the planet. "It's a huge burden on a new presidency that already faces more than its fair share of burdens," says Vickie Patton, a senior attorney with the Environmental Defense Fund. Bush's messes won't be cleaned up easily...
...silver lining of this massive brown cloud is that a boost in those technologies could decrease soot emissions - fast. "We can't fix every environmental problem, but we can make a huge and immediate change by reducing black carbon," says Veerabhadran Ramanathan, Director of the Center for Clouds, Chemistry & Climate at the University of California at San Diego. (Black carbon manifests as soot particles that comprise brown clouds.) While carbon dioxide levels in the atmosphere respond on a sluggish 100-year timescale to reductions in emissions, soot particles, whose effects are equivalent to roughly half the warming damage that carbon...