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Google reported revenues of $5.51 billion for the quarter ending March 31, 2009, an increase of 6% compared to the first quarter of 2008. It is important to remember that the economy was considered to be in reasonable shape a year ago so Google's results in the period were based on a relatively robust business environment. Even with a collapse in the overall economy Google's results barely changed. The DJIA was 60% higher than it is now. Google's share price was only 15% higher. The market's perception of Google's prospects has changed very little...
...question of the week. Just a few months after the near meltdown of the financial system, Citi, JPMorgan Chase and Goldman Sachs all reported billion-dollar-plus profits for the quarter ending March 31. Wells Fargo, which won't be releasing its earnings numbers until next week, preannounced on April 9 that it made about $3 billion - a record for the firm. (See pictures of the dangers of printing money...
...from conventional banks. Now much of that shadow banking system is gone, and the surviving banks - battered as they may be - are gaining market share in everything from mortgage lending to investment banking. As Wells Fargo shareholder and Goldman Sachs bondholder Warren Buffett put it on CNBC in early March, "This is a great time to be in banking, you know, if you just get past the past...
...threat to the rest of the country or of great concern to the government of Iraq. If Iraqi officials were truly worried about the fate of Mosul, they would have by now launched a bid to gain full control of the city, much as they did in Basra in March 2008. So if Iraqi security forces appear capable of continuing to manage the insurgency in Mosul - even without a foreseeable victory there - then Iraqi and U.S. officials could reasonably calculate that pulling U.S. troops from Mosul in step with the withdrawal timetable would preserve what overall gains the surge...
...last month alone, employees and union officials have held no less than five company CEOs captive after they had announced major staff cuts or plant closures. On March 31, PPR president Fran?ois-Henri Pinault had to be rescued by police after outraged staff surrounded his car following the disclosure of 1,200 job eliminations throughout his distribution group. Such exceptional French acts of intimidation didn't begin with the current recession. Bossnappings have been occurring sporadically in France in response to major staff cuts since 2000, after having been central to frequent factory occupations by radical labor unions...