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...provide credit for midsize businesses. And Commerzbank, Germany's second biggest bank, has said it is to be partly nationalized. The German government's bank-rescue fund, the Financial Markets Stabilization Fund (SoFFin), will provide €10 billion in fresh cash to Commerzbank in exchange for a 25% stake plus one share in the bank. "We are weatherproofing our bank for an economically stormy environment. This will enable us to fulfill our responsibility to offer loans to the German economy and to ensure we will continue to be a reliable partner for our clients," said Martin Blessing, chairman...
...housing market remains a lumpy place - were price-rent ratios to return to normal, San Antonio would see a 22% drop over five years while San Diego would experience a 28% gain - but, again, price-rent ratio is just one tool for understanding where home prices are headed. Plus, there's that reality, sadly familiar to us all by now, that house prices don't always do what we think they're supposed...
...Stringer, who as usual gave as good as he got, and who had to know what he was doing when he asked Hanks to speak at CES, pronounced the actor's antics "generally speaking, a plus, I think." Then he added, "I took a risk. It failed. But we'll still be friends. At least until after the movie...
...Robert Wood, chief of the Pediatric Allergy and Immunology department at Johns Hopkins Children's Center, cautions against putting too much stock in such epidemiological studies. "The reality is that the vast majority of kids - 95% plus - have no potential to get peanut allergies no matter what you do," he says, "and there's ½ % to 1% who are going to get it no matter what you do." Although the findings of the U.K.-Israel study are intriguing, he says, they apply to a very small percentage of children, and more research needs to be done to determine the true...
Oenology 101. Try an educational vacation with some kick. San Francisco's Bruce Cass Wine Lab is offering a three-session weekend wine class starting Jan. 16, at the Kimpton Harbor Court hotel, meeting two hours each day, Friday through Sunday. Couples can get two nights at the hotel, plus the class, for $695; if you're traveling solo, the rate is $545. Normally, the courses cost $229 without accommodations. If you can't make this weekend, the Wine Lab is working on five to eight more dates in 2009. E-mail the school at classes@brucecasswinelab.com for information...