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The Marin IJ has over 93,000 readers from its daily circulation of 35,000. The paper reaches 47% of Marin County adults. . "We had the perfect wedding, the perfect weekend, up until a few hours before departure." Sausalito police officers were pessimistic that someone would return the expensive purse and its very valuable contents. But they underestimated the goodness that still exists in America. The next day, John Suhrhoff of nearby San Rafael brought the handbag into the police station. It still contained all the cash and jewelry. Though Mr. Suhrhoff thought the jewels were costume jewelry, the bag and cash alone were valuable enough to tempt a less honest individual. "You have to be a real man to return that bag," Ali Ghannadian told the Marin Independent Journal. "Even the bag is expensive. We're really, really thankful to that guy."A Journal of Musical Things Bob Geldof Turns 62 Today, Predicts End of Humanity by 2030 Burger Inspired by Swedish Metal Band Threatens Roman Catholics Clearest Indication Yet That iTunes Radio Will Be in Canada Soon Doc on How the Digital Age Has Messed Up Music [VIDEO] Getting Ready for Tonight's Treehouse of Horror Episode of The Simpsons I Like This: Kendall Patrick The Music Illuminati Who Have Changed Music The Walls of CBGB Taken Out of Storage Was a New Clash Album in the Works When Joe Strummer Died? Why Music Sounds Bad (Sonically, I Mean)And Why It's Your Fault About a year ago, I had a post about Hyon Songwol, a North Korean singer rumoured to be involved with leader Kim Jongun. There were even whispers that he had taken her for a wife.A Key Investor Concern in the New Year Citigroup Inc Investors are breathing a sigh of relief that 2008 is over, but they shouldn get too comfortable. After all, with a worldwide recession under way, investors can expect acceleration in corporate bankruptcies in 2009. But the question is which ones? Bear Stearns Co (BSC). and Merrill Lynch Co. Inc.(MER) were absorbed by JP Morgan Chase Co. (AIG) and Citigroup Inc. (C) were both bailed out at vast expense to taxpayers. If at the start of 2008 I written that the entire New York investment banking business would disappear during the year, you have thought me a madman. But it has. The two houses still standing, Goldman Sachs Group Inc. (GS) and Morgan Stanley canada goose jacket
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the expense of their weaker brethren. Indeed, Wells and PNC each completed major buyout deals right as 2008 came to a close. This year, however, will be the one in which banks that have truly done a poor job will be separated out from those who merely made the obvious mistakes of the boom and just need time and some extra capital to work through their problems. Citigroup, for example, was at the beginning of 2008 a pretty obvious example of financialsector A messy conglomerate of banking, investment banking and insurance that had been put together but never properly integrated, Citi had been at the forefront of every major financial disaster in the last 30 years and was not about to miss this one. The fact is that only weeks after receiving a $25 billion capital injection from the TARP, Citi was back in trouble again, this time requiring not only more capital, but a $300 billion guarantee of its liabilities. That a pretty good indicator that in a free market, Citi would have slid into corporate bankruptcy and liquidation. taxpayers, as a group, are (just) rich enough to make that happen. But a sensible government will eventually realize that these expensive rescues are pointless. economy, and is probably half its relative size compared to its historic levels from the 1970s. In such an environment, capacity needs to be lost and Citi is the capacity most obviously surplus.