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...prime damage, announced a $9.8 billion loss for the fourth quarter of 2007, forcing it to seek $12.5 billion in new capital from investors including sovereign wealth funds run by Kuwait and Singapore. Merrill Lynch was also combing the world for cash in the face of yet another write-down, expected to be $15 billion...
...Lewis isn't expecting much beauty or excitement anytime soon. He will consider the Countrywide deal a success if BofA earns back half its purchase price within three years. As his competitors announced massive write-downs and losses in their fourth-quarter earnings reports, Lewis wouldn't allow himself to crow. "I don't feel great about ours either," he says. "If we had met our objectives, I'd be gloating, but we didn't." He has warned that next week's fourth-quarter earnings will be profitable but disappointing, and he expects to set aside $3.3 billion in write...
This doesn't mean that baboons or bats can write like James Joyce. But scientists have identified a lot of common raw material that we all started out with. What makes us different is the peculiar evolutionary history our ancestors experienced as they adapted to life as savanna-wandering hunter-gatherers...
...harder to explain by the mere babymaking imperative. There's the transcendent sense of tenderness you feel toward a person who sparks your interest. There's the sublime feeling of relief and reward when that interest is returned. There are the flowers you buy and the poetry you write and the impulsive trip you make to the other side of the world just so you can spend 48 hours in the presence of a lover who's far away. That's an awful lot of busywork just to get a sperm to meet an egg--if merely getting a sperm...
...They don't write each other love letters," says Helen Fisher, an anthropologist at Rutgers University and author of Why We Love. "But animals can definitely feel romantic love." What's more, say Fisher and others, love exists not just among complex animals like higher mammals but also among those we think of as little more than a collection of behaviors. And indeed, from affectionate kisses to romantic getaways to monogamous relationships, the wild does appear to be a surprisingly cuddly place...