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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (75840)7/19/2012 4:26:44 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 103300
 
And you're voting for that piece of shit?

GZ



To: Gersh Avery who wrote (75840)7/19/2012 7:57:34 AM
From: Hope Praytochange  Respond to of 103300
 



To: Gersh Avery who wrote (75840)7/19/2012 7:58:46 AM
From: Hope Praytochange  Read Replies (1) | Respond to of 103300
 
Deutsche Bank to cut thousand more jobs: sources 07/19 07:50 AM FRANKFURT (Reuters) - Deutsche Bank aims to cut almost a tenth of its investment banking staff, the latest lender to respond to a slowdown in financial market activity as the euro zone crisis saps client confidence, sources familiar with the plans said.

The cull of around 1,000 jobs is an about-turn for Germany's flagship lender which in April said it saw no need for layoffs at its investment bank, one of the main profit drivers for the whole company.

A slowdown in stocks and bonds trading and fewer company takeovers in the three months to June has forced global investment banks including Credit Suisse , Goldman Sachs and UBS to slash staff.

Analysts and consultants predict that banks will cut more jobs this year - perhaps another 5 percent of their workforces - due to weak profits, even after thousands of layoffs in 2011.

Deutsche Bank's investment bank job losses will come in addition to a cost-cutting program announced in October, when the bank said it would axe around 500 positions in corporate banking and securities due to a "significant and unabated slowdown in client activity."

At the end of the first quarter, the company employed 10,258 staff at its corporate banking and securities arm, which includes sales and trading as well as the mergers and acquisitions division.

Deutsche is expected to announce the latest job cuts at the end of July, when it reports second-quarter earnings. The cuts will fall mainly outside Germany, one of the sources said on Thursday.

They are a reaction to a slowdown in capital markets activity and are not part of a strategy update which co-chiefs Anshu Jain and Juergen Fitschen plan to unveil in September, one of the sources said.

The outlook for investment banking remains bleak.

A J.P. Morgan report in late May forecast a slowdown in trading of fixed-income currency and commodities of up to 32 percent quarter-on-quarter.

Equities trading was expected to fall 14 percent, and credit trading was seen dropping by 35 percent quarter-on-quarter, the report said.

Deutsche Bank declined to comment.

(Reporting by Edward Taylor and Philipp Halstrick; Editing by Erica Billingham)



To: Gersh Avery who wrote (75840)7/19/2012 3:02:03 PM
From: Hope Praytochange2 Recommendations  Respond to of 103300
 



FREE KITTENS




A pretty little girl named Suzy was standing on the sidewalk in front of her home. Next to her was a basket containing a number of tiny creatures; in her hand was a sign announcing FREE KITTENS.


Suddenly a line of big black cars pulled up beside her. Out of the lead car stepped a tall, grinning man.

"Hi there little girl, I'm President Obama. What do you have in the basket?" he asked

"Kittens," little Suzy said.

"How old are they?" asked Obama.

Suzy replied, "They're so young, their eyes aren't even open yet."

"And what kind of kittens are they?"

"Democrats," answered Suzy with a smile.

Obama was delighted. As soon as he returned to his car, he called his PR chief and told him about the little girl and the kittens.

Recognizing the perfect photo op, the two men agreed that the president should return the next day; and in front of the assembled media, have the girl talk about her discerning kittens.

So the next day, Suzy was again standing on the sidewalk with her basket of "FREE KITTENS," when another motorcade pulled up, this time followed by vans from ABC, NBC, CBS and CNN.

Cameras and audio equipment were quickly set up, then Obama got out of his limo and walked over to little Suzy.

"Hello, again," he said, "I'd love it if you would tell all my friends out there what kind of kittens you're giving away."

"Yes sir," Suzy said "They're Republicans."

Taken by surprise, the president stammered, "But... but... yesterday, you told me they were DEMOCRATS."

Little Suzy smiled and said, "I know. But today, they have their eyes open."