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...lost $200 billion. Since GE's financial services business is not the majority of its revenue, the destruction of it market value seems extreme. Balance sheet jockeys would say that the trouble the market fears is hidden within GE's asset base and will jump out to eviscerate earnings soon. So far there is no sign that GE will implode because of the state of its financial services receivables or its debt...
...course, community banks, despite weathering the credit storm relatively well so far, may soon face their own troubles. Unlike larger banks, most community banks were not big in the residential-mortgage business. Instead, they made a lot of loans to local developers. As the economy sours, more and more of those loans are starting to go bad. Some analysts have predicted that as many as 1,000 banks could fail as a result of the nation's economic woes. Many of those banks will be of the smaller variety...
...Names don't have to be difficult to seem dangerous, of course; sometimes manufacturers earn their menacing rep rightly. There's nothing inherently scary about names like Morris or Philip, but flip them around and stick them together, and pretty soon you're thinking about lung cancer. The Altria Group, on the other hand - which is the new corporate handle by which Philip Morris prefers to be known - means nothing at all, and that is precisely the idea...
According to the police log, Bailey had attempted to inquire about the sophomore’s well-being and subsequently pushed him and grabbed a pool cue. The sophomore reported that he then left the area to wait in line for food at the Grille but soon afterwards, Bailey approached him from behind, pushed him again and grabbed him by the throat. [SEE CORRECTIONS BELOW...
...problem though: While I applaud the group for diving straight into the thick of Harvard stress, is it at all possible to de-stress when, as soon as you open your eyes, you’re confronted by some poor freshman passed out on his textbook?...