FINANCIAL BANKING CRISIS DIFFERING RESULTS
April 22, 2009 - United States
Morgan Stanley has reported a net loss for the first quarter of 2009 of $177 million, or $0.57 per diluted share, compared with their net income of $1,413 million, or $1.26 per diluted share, the previous year. Net revenues were $3.0 billion, 62% below 2008's first quarter. Non-interest expenses of $3.9 billion have decreased 33% from that year. Compensation expenses of $2.1 billion have decreased to 46%, and non-compensation expenses decreased 9%, reflecting the lower levels of business activity and firm-wide initiatives to reduce costs. The results for the current quarter have been compared with the results of the first quarter of 2008. Wells Fargo has confirmed that it has made a record profit of $3.05 billion in the first quarter of 2009. The bank had announced that it would be making $3 billion because of the better-than-expected results at newly-acquired lender Wachovia. Revenue for the period has totalled $21 billion. These profits have reflected the business momentum that came from the newly combined Wells Fargo-Wachovia.
BAY OF PIGS
April 22, 1961 - Cuba
President Fidel Castro of Cuba will make his first public announcements since the insurgent forces invasion on the bay of Pigs last week on TV and Radio nationwide, also the Russian leader Khrushchev has denounced the invasion and has stated publicly that he holds the United States directly responsible for this gangsterism against Cuba.
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Until a man duplicates a blade of grass
by Earth Day, Thomas Alva Edison Inventor
"...Until a man duplicates a blade of grass, Nature can laugh at his so-called scientific knowledge. Remedies from chemicals will never stand in favorable comparison with the products of Nature, the living cell of a plant, the final result of the rays of the sun, the mother of all life...."
A Change is Gonna Come
by Meredith Grey
"...Change; we don't like it, we fear it, but we can't stop it from coming. We either adapt to change, or we get left behind. It hurts to grow, anybody who tells you it doesn't is lying. But here's the truth: Sometimes the more things change, the more they stay the same. And sometimes, oh, sometimes change is good. Sometimes change is everything...."
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Harvard Medical School
about Eyesight Myth and Fact
Myth: Staring at a computer screen all day is harmful to the eyes.
Fact: Spending the day staring at a screen can tire or strain your eyes, but it will not hurt them. Make sure lighting doesn't create a glare on your screen. When spending long periods at your keyboard, take a break now and then to rest your eyes to reduce fatigue. Also, don't forget to blink. Your eyes need to stay lubricated to feel comfortable.
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about Stolen On New Year's
More vehicles are stolen on New Year's Day than any other holiday throughout the year. (So does that mean thieves are having their last fling before changing their ways or are they trying for a big score to start the New Year?)
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