Word: problem
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...real problem facing American journalism: 2008 might have been a bad year for the journalism biz, but if nothing else, it demonstrated what media critics have suspected for years: "It is now all but settled that advertising revenue - the model that financed journalism for the last century - will be inadequate to do so in this one." It's not an audience or credibility problem that confronts today's media, but the "decoupling" of advertising from news. Trends to watch in 2009, it goes on, include desperate and misguided attempts at bankrolling the news industry, including the idea of micro-payments...
...operation that helped undermine AIG's viability should get nothing. Edward Libby, the feckless former head of Allstate (ALL) who was brought in to turn AIG around, apparently did not know about the bonuses until recently. In the brief note he sent to the Fed apologizing for the problem he said that the company's hands were tied. The employees getting the money had contracts guaranteeing them the payouts. Members of Congress have already asked whether the agreements were "legal." In a moment of lucidity, Lawrence Summers, a former Harvard president who is now the Obama financial czar said that...
...Qaeda members. "Even if you released an al-Qaeda emir [leader], he won't be able to wreak havoc in the same way he did three years ago," says Omar Almashhadani, a spokesman for the Front, citing improvements in the Iraqi security forces and their intelligence gathering capabilities. "The problem," he adds, "is that some detainees are going to be transferred from a prison that, to a certain degree, respects human rights, to another that doesn't. We have less confidence in the Iraqi government than we do in the American troops...
...problem is that Iraqis don't realize that even if the detainees are transferred to Iraqi courts and prisons, it's not like in the past," says Sgt. Assaad, an Iraqi corrections officer who was monitoring detainee family visitations at Bucca. "Saddam's days are over, torture is over. We will treat everyone based on the law." Maybe that's what some people inside and outside the wire at Camp Bucca are really afraid of. With reporting by Mazin Ezzat
...Chinese government - and indeed, the global economy - a gathering deflationary bust in real estate is a big problem. So-called fixed asset investment accounted for 40% of China's GDP last year - an extraordinarily high figure - and real estate, both commercial and residential, accounted for about one-fifth of that. Given that vacancies among office buildings are also rapidly rising now, this means that one of the prime drivers of growth in China has shifted into reverse...