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US presidential elections involve a fabulous expense of time, effort and money. Doubtless it is all too much – but, by the end, nobody can complain that the candidates have been too little scrutinised. We have learnt a lot about Barack Obama and ... www.ft.com
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It's lunchtime in Paris, and the packed restaurant has neither checkered tablecloths nor carafes of red wine. It's a McDonald's, and the French are lovin' it. While rising prices and record low consumer confidence drive the French to throw their culinary pride to the wind and embrace le Big Mac, traditional bistros are hurting. About 3,000 independent French restaurants filed for bankruptcy in ... www.dispatch.com
- Golden Leaf Foundation in bind due to $100M debt (BizJournals)
ROCKY MOUNT – The Golden Leaf Foundation, which was set up to help North Carolina overcome the demise of the state’s tobacco industry, will not be in a giving mood in 2009 due to a $100 million loan and poor investment returns. www.bizjournals.com
- (AFX UK Focus) 2008-11-10 17:41 Russian agency clears 2 bank bailouts, reviews 10 (Interactive Investor)
MOSCOW, Nov 10 (Reuters) - Russia's federal deposit insurance agency has approved bailouts for two regional banks and is reviewing the need of 10 others for similar assistance, the head of the agency Alexander Turbanov said on Monday. He said the central bank is providing the agency with loans for the bailouts at 5.5 percent interest. It will then lend this money at 6.5 percent to parties ... www.iii.co.uk
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