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Reengineering ($9.5 billion dollar savings - Jim York lead the effort) a. Consolidate the data centers and financial structures b. Formulate Market-Driven strategies c. Stop the hemoraging of cash. d. Keep the company together e. Keep with the mainframe and stop the declining sells of the System 390. f. Lower the price of the large servers g. Implement CMOS technology into mainframe architecture, $1 billion investment and a $19 billion dollar return by 2001. h. Belief the Networked model would become the model of the future i. Increase the role of outsourcing to establish and IT dominance in service and software j. Reorganize the board: Chuck Knight, Chuck Vest, Juergen Dormann, Minoru Makihara, Ken Chenualt, and Sidney Taurel. k. Increase Hardware development cycle to sixteen month from four years l. Increase ontime deliveries from 30 percent in 1995 to 95 percent in 2001 m. $2 billion in IT expenses: consolidate from 155 data centers to 16, 31 communication networks into one. n. Sell 8,000 acres of land.[Learn More ...]
    $1 trillion in losses
    $675-775 billion stimulus package
    10 reasons we’re not there yet
    2005 - The US is facing a Current Account Deficit exceeding 6% of GDP
    2007 China reserve of us dollar denominated securities
    2008 Yields Rising: Fed Expectations Changing
    30 reasons for Great Depression 2 by 2011
    46 States impose budget cuts
    5. US Exchange rates and interest rtes will revert to form
    8 Questions for Hank Paulson
    A $2-Trillion Fiscal Hole
    A CDS is very much like a put on a particular credit
    A central counterparty is a financial institution that acts as an intermediary between security
    A Stimulus Bill with 40% in Tax Cuts Won’t Do the Job
    A Stock Market Crash? Four Investment Safe Havens For The Ailing Market
    Africa is capturing international investing interest
    After Christmas buying is relative quiet
    AIG Annuity
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    AIG CDS Payouts
    AIG may take huge markdowns on Lehman impact - analysts
    American Express US credit card defaults rise
    Applications of flexible pricing in business-to-business electronic commerce
    Are Corporate Bonds the New Equity?
    Are Pension Plans in America the next Enron?
    Asian stocks were mixed Friday after Japan slashed interest rates to almost zero
    Australian house price bubble dwarfs America’s
    Auto bailout will force the GM/Chrysler to reduce their debt and would slash wages
    Ballooning Credit Derivatives : Easing risk or making it worse
    Bank of England cuts rates to 315 year low
    Bank of England: exodus from the City 'is price worth paying'
    Bank Of Japan
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    Bank Stocks Will Return to Prior Norms
    Bankers Rigging Municipal Contract Bids Admit to Lying to Cover Up Tracks
    Bankruptcy judges GM/Chrysler
    Banks are issuing letters of Credit to municipalities
    Banks have suffered $480 billion so far in stated losses
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    Banks rush to withdraw mortgage deals
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    Barclays may lose control to Gulf investors
    Barclays rebranding Lehman index family
    Bear had $10 trillion in counterparty trades
    Behind the Collapse of AIG
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    Bernie Sanders forced the fed to disclose details of the financial rescue
    Bets Against AIG BSC & LEH Are Not What Killed Them
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    Bond rates drop 17% in a single day
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    Buffett's metric says it's time to buy
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    Can derivatives be brought under control
    capital flight out of China as us short term rates rise
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    Citi Beats Expectations on Backs of Depositors
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    Citi Needs Up to $10 Billion in New Capital
    Citigroup
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    Citigroup could fail despite Federal Aid
    Citigroup Inc to its fourth straight quarterly loss and $13 billion of write-downs and credit losses
    Citigroup loses $176 million in credit card loans
    Citigroup Plans to Raise Salaries by as Much as 50% to Offset Bonus Reduction
    Citigroup Stops Withdrawals from Hedge Fund: WSJ
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    Citigroup’s derivative exposure is huge
    Citigroup's $2.8 billion third-quarter loss came in at only half the expected level
    Citigroup's Derivatives Reduce Bailout to a Non-Event
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    Clark Howard
    Commercial Paper Rates and Outstanding
    Commodities bull market is still in place
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    Detroit Mayor David Bing to cut government spending by $101 million
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    Questions and Answers on AIG
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    Retail sales in the US fell for a fifth month in November as gasoline sales posted a record decline
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    Rising Treasury Yields Could Mean It's Time to Short Them
    Risk of U.S. deflation is rising: Pimco
    Royal Bank of Scotland
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    Russian - $141 per barrel to a low of a meager $32.34 — a 77% crash
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    THE Aussie economy is set for a correction but will avoid a recession
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