Word: spreading
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...billion into each of the money center banks. It is now backing over $300 billion in bad assets held by Citigroup (C) through a loss-sharing agreement. Bank of America (BAC) is getting a similar deal. The programs to back bad assets is almost certainly going to spread. (See pictures of TIME's Wall Street covers...
...Queen Latifah before you resort to Jeremy Irons. The reasons aren't hard to speculate about. The roots of this development go back at least to the 1930s and Paul Robeson's singing "Ol' Man River" in Showboat. The therapeutic notion that suffering confers dignity and authority has spread just as the suffering of African Americans over generations has become universally acknowledged. Above all, black American ministers have replaced British politicians, at least in perception, as the world's most eloquent public users of the English language. Our homegrown Martin Luther King Jr. has knocked Winston Churchill off his perch...
Could the bloody Gaza confrontation spread to Europe? As the number of reported acts of aggression triggered by the conflict steadily grows in France, the U.K. and other European countries, that's a concern many are starting to express. "The more frequently you have members of communities staging attacks against one another as proxies for violence in the Middle East, the greater the risk becomes they'll one day adopt those assumed Middle East roles as sworn enemies here in Europe for good," says a French justice official, referring to friction between European Jewish and Muslim communities. "Things...
...banks report earnings, forecasts for how they will do diverge wildly. Of the analysts covering Citigroup (C) the most optimistic believe that firm will lose $.47 a share. The most pessimistic number is a loss of $1.57. For a company covered by as many researchers as Citi is, that spread is extraordinary...
...There are only three days between the local election and the 40th of Ashura [a holy day for Shi'ites]. Between now and the election, they will benefit from this," says al-Rubeiy. "I expect the religious parties to use sermons through [the holy month of] Muharram. They could spread very effective rumors that glorify...