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Sandler and Rock nationalisation

Shareholders are voting too on whether the newish chairman, Bryan Sanderson, and some recently recruited non-executives should remain in place.

If they were voted off, the Treasury would regard that as a sign that the company is now ungovernable - and that nationalisation had become the least worst option.

A decision will also be taken imminently by the Treasury on whether competing proposals for a commercial solution to the Rock's ills are worth pursuing.

The Chancellor would prefer not to take this business into formal public ownership.

But if all the competing deals turn out to be either impossible or prohibitively expensive, Mr Sandler would find that he had taken on a huge and challenging job.

That momentous nationalisation decision is probably only days away.


Clinton, Obama Tamp Down Expectations

We think that we're going to get our share of delegates and our share of state victories. But, you know, what is important is to see how much progress we've made over the last couple of weeks." The Wall Street Journal reports Obama campaign manager David Plouffe went "so far as to suggest that Sen. Clinton will win more states and more delegates when the polls close."

Clinton, Obama Make Final Appeals Clinton and Obama both focused on the northeast as they made their final appeals to voters. The Los Angeles Times reports a "surging" Obama "spoke at a rally at the Meadowlands in New Jersey, with Sen. Edward Kennedy of Massachusetts and Caroline Kennedy, daughter of former President John F. Kennedy, at his side." Obama held rallies in Connecticut, which the Hartford Courant said drew 17,000.


LETTERS: Hush money

Chris Lester's column ("This hush money is a howl," Star Business Weekly, Jan. 28) puts a pin in the administration's economic balloon and its mantra of "borrow and spend." The quick fix of the economic stimulus package is no real fix to the shortsighted fiscal practices America refuses to face.

The Republican pitch of "the less taxes, the better" translates in practice to "borrow and spend" to pay for the Iraq war and unrestrained domestic spending. The Bush administration is anything but conservative fiscally.

If our president had the courage of any previous wartime president, he would have raised taxes in time of war so that the citizens at home helped sacrifice to pay for the war abroad. Instead, he has cut taxes and fights a war without end with money borrowed from China and Arab purchasers of our debt.


Behind the Edwards Surge: Right Message at the Right Time

Much was made of Illinois Senator Barack Obama's superb speech to a huge crowd of Iowa Democrats at the mid-November Jefferson-Jackson Day dinner in Des Moines. Without a doubt, it helped to propel Obama ahead of New York Senator Hillary Clinton in polls conducted in the weeks after the event.

But Obama's speech in November may not turn out to be the definitional statement of the fight for Iowa.

What could turn out to be the most critical comment of the campaign came from John Edwards in the last debate between the Democratic contenders — and the former senator from North Carolina may well claim the caucus-night victory that is the reward for delivering the right message at the right time.

It wasn't a great rhetorical flourish. It wasn't even a new statement.


Table Talk

I never tasted anything quite as good as that first bite of vanilla.

I miss Scoops. I enjoy Paolo's. But nothing really hits it like a small vanilla cone dipped in chocolate from Dairy Queen. I like Yoforia, but I wish they had better toppings, though I kind of dig the Captain Crunch. I loved Hank's before it moved to Riverdale, and now I never get there anymore (it used to be the reason my daughter and I went to the zoo, other than the flamingos). Hank's was the only place to get black walnut ice cream.

What do you crave when you're not craving anything? Does your girlfriend head to Chipotle and get you a bean burrito? Does your husband know you'll take nothing but Jelly Bellies?

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A new spin on chicken and waffles By Elizabeth Lee | Friday, February 15, 2008, 10:39 AM

The Atlanta Journal-Constitution

Gladys Knight and Ron Winans have got some competition in the chicken and waffles game.


Girls basketball all-league teams

F Elyse Bunger, Sr., North Sound Christian; G Lorissa Cultee, Sr., Lummi; F Melissa Castor, So., North Sound Christian; F Chelsey Graber, Sr., Highland Christian Prep.

SECOND TEAM

G Lisa Vaughn, Sr., Lopez Island; F Larissa Berg, Jr., Lopez Island; F Sharaya Burrows, Sr., Highland Christian Prep; G Hannah Reymore, Jr., North Sound Christian; F Merisa Jones, Sr., Lummi.

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Student Injured In Fall, Mom Questions Why No 911 Call? Save Email ...

It is terrible for someone to post a comment stating that the school nurse couldn't find a real job. Treat your school nurse with respect. She is doing a job that most people don't want to do and doesn't pay great to begin with simply because she cares.
Posted by: Elle Location: Omaha on Jan 16, 2008 at 01:17 PM I think the school should have called 911, the student may have been responsive, but he was in pain. It was a mistake to not call 911, had he been more seriously injured, and they moved him, the school could be charged with damaging, that is why professionals should be called when this type of injury occurs.
Posted by: GM Location: Omaha on Jan 16, 2008 at 01:03 PM How did the staff even know that this kid fell and landed on his face/head? If they didn't see him climbing on the ralling, they probably didn't see the fall either? So maybe they didn't think moving him was an issue.


Words from the (Investment) Wise for the Week That Was (Feb 4 - 10 ...

Similarly, in stocks, analyst estimates reflect a quick return to record profit margins about 50% above their historical norms. If those assumptions disappoint and it becomes clear that profit margins will not be forever sustained at record highs, it doesn't only imply near-term earnings disappointments - it implies that the whole stream of future earnings impounded into stock prices is wrong. After all, a moderate price/earnings multiple on elevated earnings does not imply moderate valuation. This is why we use a variety of measures to gauge valuations - you can't capture the whole valuation picture with only one.

"We're certainly willing to assume higher growth rates for well-managed companies with defensible product lines, which is why we don't simply define value as 'low P/E' or 'low price-to-book'.


 
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