Word: seemly
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...limelight for long: in the early 1980s he became an iconic pitchman for Miller Lite, appearing in the beer's famous "tastes great, less filling" ad campaign. Madden's barely restrained enthusiasm made him a natural salesman and he showed a knack for making anything - even foot fungus treatment - seem exciting: ("Boom! Tough-Actin' Tinactin...
...upshot is that, while the quarter was Citi's best since mid-2007, it's awfully hard to say what it signifies. The chances that the bank might eventually be able to earn its way out of its troubles without more taxpayer help seem to have increased. But it will take many more quarters before anybody can say that with confidence...
...card ugliness to work through. At JPMorgan Chase, card services was by far the worst-performing division, with a loss of $547 million. When Whitney asked CEO Jamie Dimon if the business would return to profitability this year, his answer was a succinct "No." At Citi, "credit-card losses seem to be breaking their historical correlation with unemployment," CFO Kelly said. That is, credit-card losses normally rise with the unemployment rate. Now they're rising faster...
Some creditors seem to think the company's assets could be worth more if they were divided up in bankruptcy court - an option opposed by Michigan's Democratic governor and congressional representatives, who are putting pressure on the Obama administration to keep the company from being broken up in bankruptcy...
...renewed approbation must seem refreshing to the 77-year-old ex-president, who has spent the past 23 months watching his successor and long-time conservative foe Nicolas Sarkozy market himself as the anti-Chirac. In the latest IPSOS/ParisMatch poll of national politicians, Chirac finished first with a 74% support rating, while recession-hit Sarkozy came in 29th with just 47%. Other recent surveys show 60% of French people condemn the government's handling of the economy. (See pictures of Bastille Day celebrations...