Wednesday, 29 July 2009

Russia and Iran Join Hands

By Kaveh L Afrasiabi

Compared with the hypothetical US-Iran engagement, relations between Russia and Iran are progressing toward a honeymoon born of geostrategic considerations. The joint maneuver in the Caspian may prove a starting point for more comprehensive military collaboration between the Russian and Iran. Continue


A $100 million bonus: Citigroup is considering paying a $100 million bonus -- to one guy. This is the same Citigroup that received $45 billion in bailout money. The same Citigroup that will soon be 34% owned by the U.S. government. The same Citigroup that has lost 95% of its share value since 2007.

Sticker Shock: $23.7 Trillion Bailout?: "The total potential federal government support could reach up to $23.7 trillion," says Neil Barofsky, the special inspector general for the Troubled Asset Relief Program, in a report released today on the government's efforts to fix the financial system. Yes, $23.7 trillion.

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More Utahns turn to short sales: One out of every six homes for sale in the Salt Lake Valley is a short sale. That's according to Salt Lake Board of Realtors

Verizon to cut 8,000 workers: Verizon Communications Inc. will eliminate 8,000 jobs by the end of the year as the company suffers from a slowdown in corporate accounts.