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...other bright spots. Earlier this month, Citi CEO Vikram Pandit said his bank was profitable in the first two months of the year. "M&A alone is not a big enough businesses to swing the bank," says analyst Richard Bove, who follows bank stocks at Rochdale Securities. "But put them all together, along with the fact that Citi's business is positioned to benefit from the recent drop in interest rates, and it makes a difference...
...Actually no, as the Australian Communications and Media Authority (ACMA) is finding out the hard way. The ACMA, Canberra's equivalent of the U.S. Federal Communications Commission, put together such a list and sent it to more than a dozen companies. It was part of a trial program to develop software that would allow Australian ISPs to block the sites. But to ACMA's evident surprise, at least one person who received the list handed it over to Wikileaks, an online clearinghouse for anonymous submissions of sensitive material. The ACMA "blacklist," as it became known, was promptly posted online, becoming...
...random. A dentist from Queensland, whose website had once been hacked into by a Russian purveyor of pornography, was on the list. So was pet-care facility MaroochyBoardingKennels.com.au and canteens.com.au, a site belonging to a school-cafeteria consultant. "The only thing I can think of [that may have put me on the list] is that I have e-mailed schools telling them about my book and CD resource, 'How to Have a Healthy and Profitable Theme Day,'" owner Jocelyn Ashcroft told the Sydney Morning Herald...
...More recently, Wikileaks updated the list, and the Minister acknowledged the similarities but stood firm on proceeding with testing the Internet-filtering software. "Does the [leaked list] mean we are going to stop blocking access to the sites? No. People can continue to put up the lists if they are proud to do that," he told a press conference in Sydney. "It is completely untrue that the leaked blacklist contains political content. This is a list which contains sites that promote incest, rape, child pornography and child abuse...
...What is rarely mentioned is that the best CEOs spend most of their time thinking about what will put their companies out of business and doing something to prevent this catastrophe. Although it may be overly simplistic, GE did it decades ago when it diversified away from being in the light bulb and electric fan businesses that were its beginnings in the 1890s. Some investors would say that GE is too diverse now, but its system served the company well for the great majority of the years during the last century...