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...happened in their most important export market [the U.S.] was always rubbish," says Stein, so long as domestic consumption can't make up for any shortfall. And neither is Asia resistant to fallout from the subprime snafu either. Analysts speculated Monday that Chinese banks could soon cough up to huge losses linked to exposure to the U.S. mortgage market. The Bank of China, for one, with almost $8 billion in subprime-related assets, is expected to shortly announce losses...
...shoring up the local economy is where Keegan (who else?) comes in. By boosting the club's prospects of a trophy - despite being the 13th richest club in the world, Newcastle haven't won a major competition for almost 40 years - "there's a huge sense of renewed confidence," says Ramsbotham. That same bounce lifted the city's productivity while Keegan was last in charge at the club, fans maintain, and even reduced sick leave in the city. "My boss has never seen me happier," says one, standing outside United's club shop, with its rails of freshly printed Keegan...
Clinton's apparently huge advantage among Nevada's Hispanic voters also bodes well for her, as the campaign moves toward the states that hold primaries on Mega Tuesday (the stakes are so high that it's outgrown Super), Feb. 5. Many of the biggest prizes - including California, Arizona, Colorado, New Mexico, New York and New Jersey - have sizeable Hispanic voting blocs...
...certainly looked impressive. Presidents, Prime Ministers and foreign secretaries, trailed by their entourages, bustled through the lobby of Madrid's Municipal Convention Center this week. Religious leaders wearing turbans, yarmulkes, head scarves, and the huge ornate crosses of the Ethiopian Patriarch lined the escalators. Media luminaries from NBC's Tom Brokaw to al-Jazeera's Ghida Fahkry-Khane held forth on pressing issues. But an unspoken question hung over the first Alliance of Civilizations Annual Forum: could such a gathering lead to real change...
...concerned that pharmaceutical companies may be colluding to cut deals that temporarily sideline generics in return for payoffs. With Europeans spending some €200 billion ($297 billion) a year on pharmaceutical products - an average €400 ($588) for every man, woman and child - Big Pharma has a huge interest ensuring that customers continue paying high prices for their drugs...