Give It away Give It Away
Give It Away Now
To Citi Bank
U.S. Approves Plan to Help Citigroup Weather Losses
By ERIC DASH
Published: November 23, 2008
Federal regulators approved a radical plan to stabilize Citigroup in an arrangement in which the government could soak up billions of dollars in losses at the struggling bank, the government announced late Sunday night.The complex plan calls for the government to back about $306 billion in loans and securities and directly invest about $20 billion in the company. The plan, emerging after a harrowing week in the financial markets, is the government’s third effort in three months to contain the deepening economic crisis and may set the precedent for other multibillion-dollar financial rescues.
Orange County Vietnamese American returns to her homeland
Her family had fled the country, but Tiffany Nguyen saw opportunity there for professional advancement — and an adventure.
By My-Thuan Tran
November 24, 2008
Reporting from Ho Chi Minh City, Vietnam — Tiffany Nguyen sauntered down Dong Khoi street, swatting mosquitoes in the sticky heat. Wearing 3-inch black heels, she plunged through a crush of motorbikes spewing smoke and blasting horns, dashing toward a nearby restaurant to meet a friend.Nguyen, 28, grew up 7,800 miles from here in an Orange County suburb. But for the last year, she has worked along this boulevard known as the Fifth Avenue of Vietnam, where boutiques crowd against old Parisian hotels.For years entrepreneurs stayed away from Vietnam, a poor country with scant business prospects, where visas were hard to get.
USA
Clinton’s potential pitfalls seen in FDR’s secretary of State
Like Cordell Hull, she could find herself marginalized because she hasn’t been close to the president she would serve. Her future ambitions could also complicate her job.
By Paul Richter
November 24, 2008
Reporting from Washington — Cordell Hull was a veteran lawmaker with a worldwide reputation when Franklin D. Roosevelt appointed him secretary of State in 1933, in part to win needed support from Hull’s army of Democratic admirers.But the dignified Tennessean was never close to FDR. As time passed, he was “muscled out by others in the administration,” said Michael Hunt, a diplomatic historian at the University of North Carolina.
Barack Obama’s election as president has drawn other comparisons with Roosevelt’s, especially for the economic crisis he inherits. But the example of Hull, a marginal figure despite the fact that he served into the 1940s and later won the Nobel Peace Prize, may point to potential pitfalls for Hillary Rodham Clinton if she takes the top diplomatic post, as seems increasingly likely.Clinton would come to the role with global star power, a first-name relationship with world leaders, and a long familiarity with foreign policy.
It begins, “Be it known that the American people and the Vietnamese people are not enemies. The war is carried out in the names of the people of the United States and South Vietnam, but without our consent. It destroys the land and people of Vietnam. It drains America of its resources, its youth, and its honor.”
