Saturday, February 27, 2010


Bad Parkour Dude Fails Jumping Car - Watch more Funny Videos

AIG posts quarterly loss of $8.9 billion.

American International Group on Friday posted a fourth-quarter loss of $8.9 billion, or $65.51 per share, as the company sold large stakes in its insurance businesses in an effort to whittle down its massive debt to taxpayers...Link

New Reserve Currency.

Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar. "That day has not yet come, but I think it is intellectually healthy to explore these kinds of ideas now," he said in a speech on the future mandate of the 186-nation Washington-based lending organization. Strauss-Kahn said such an asset could be similar to but distinctly different from the IMF's special drawing rights, or SDRs, the accounting unit that countries use to hold funds within the IMF. It is based on a basket of major currencies...Link