In a statement on Monday, the U.S. Treasury Department said it will launch an underwritten public offering to sell its remaining 234,169,156 common stock shares in insurer American International Group Inc., better known as AIG.
The U.S. government bought the controlling stake in the company as part of the $182 billion bank bailout in 2008. The sale would bring an end to the government's run as the company's largest shareholder, which represented a 16-percent ownership in the company.
By the year 2030, for the first time in history, a majority of the world's population will be out of poverty. Middle classes will be the most important social and economic sector. Asia will enjoy the global power status it last had in the Middle Ages, while the 350-year rise of the West will be largely reversed. Global leadership may be shared, and the world is likely to be democratizing.
To listen to Mandalit del Barco's appreciation of Jenni Rivera's life and career, as heard on All Things Considered, click the audio link.
Mexican-American singer Jenni Rivera died Sunday in an airplane that crashed in the early hours of the morning in Toluca, west of Mexico's capital. The legendary musician, household name and feminist presence in the Latin music scene was 43.
Originally published on Mon December 17, 2012 9:43 am
The three members of Leagues — singer Thad Cockrell, guitarist Tyler Burkum and drummer Jeremy Lutito — have been known to say that they're inspired not by artists, but by specific songs. That intense focus on individual tracks is clearly put to work on Leagues' debut album, You Belong Here. There's a cohesive sound to the record as a whole, but it sounds like the band deliberately pushed for each song to stand on its own. As a result, the album plays like a collection of singles, each track as catchy as the next.
Update at 7 a.m. ET, Dec. 11. Settlement Announced:
Saying that "we accept responsibility for our past mistakes," the chief executive of Britain's HSBC has confirmed that the banking giant will pay a record $1.9 billion to settle charges related to a money laundering scheme in the U.S.