Word: huge
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...might be expected, sales in the U.S. fell more sharply than most anywhere else, down 3.5%. But, a huge number of American homes have more than one PC. The need to replace them is falling as the greater processing power makes it unnecessary for new machines to be purchased as frequently. And, to top that off, people do not want to spend $1,000 when money is tight...
...Citigroup was never a real company, from the day it was formed until today. With four huge business units and dozens of operations in scores of countries, the notion that a consumer-credit-card operation under a common roof with a corporate-lending business should be helpful to either business was ridiculous...
...Citi's stock traded for about $60 a share. It will never get back there again. Trading at $6 now, it may never get back to $10. Much of that drop is due to the market, furious at bad investment decisions that caused huge losses, which has diminished the value of bank stocks by over...
...Bernanke suggest creating a huge "bad bank" to own the toxic asset that are on the balance sheets of America's largest financial companies. There is some precedent for that from the savings and loan catastrophe two decades...
China is facing the most threatening economic crisis in decades, and its leaders have every reason to be afraid. As factories close, profits plunge and worker protests become more frequent, the country's huge foreign-exchange reserves and three-decade-long record of growth suddenly seem less like a guarantee against turbulence and more like barely adequate insurance...