And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill the nations Third Largest bank, citigroup, announced big job cuts as it continues to scale back in the wake of the financial crisis. The 11,000 employees to be laid off worldwide, make up about 4 of the companys workforce. More than 6,000 of those jobs are in consumer banking. The move comes less than two months since a shakeup at citi ousting former c. E. O. , vikram pandit. He was succeeded by michael corbat. The bank nearly collapsed during the crisis and ultimately received bailouts totaling 45 billion, money that citi has since repaid. Roben farzhad has long watched the changes at citi for Bloomberg Businessweek and joins us again tonight. Roben, welcome. Today we heard that stocks soared on the news of these layoffs. What does that tell us about what was
Many of them dying because Ocean Temperatures are rising and the waters are more acidic. I remember seeing fields of elk horn coral that you couldnt see through it and you couldnt see beyond it and those same areas are dead you know 99 dead. Ifill and we close with a remembrance of jazz great dave brubeck who died today, one day shy of his 92nd birthday. Woodruff thats all ahead on tonights newshour. Major funding for the pbs newshour has been provided by and with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill the nations Third Largest bank, citigroup, announced big job cuts as it continues to scale back in the wake of the financial crisis. The 11,000 employees to be laid off worldwide, make up about 4 of the companys workforce. More than 6,000 of those jobs are in consumer banking. The move comes less than two mont
Good evening, we begin tonight with an important story, details of which may sound very familiar to a lot of americans, given our history over the past few years in places like iraq. Tonight, pentagon sources are telling nbc news syria is preparing chemical weapons for their possible use against the Syrian People in the form of aerial bombs. It is believed this specific intelligence is the reason why president obama took a hard line against syria just a few days ago, warning them there would be consequences if these weapons were used. Lets begin here tonight with the very latest. Reporter good evening, brian, u. S. Officials tell us that the Syrian Military is poised tonight to use chemical weapons against its own people. And all it would take is the final order from syrian president assad. As the fighting grows more intense and Syrian Rebels close in on damascus, the Syrian Regime has turned very desperate. U. S. Officials tell nbc news the Syrian Military has now loaded the pre curso
Good evening, we begin tonight with an important story, details of which may sound very familiar to a lot of americans, given our history over the past few years in places like iraq. Tonight, pentagon sources are telling nbc news syria is preparing chemical weapons for their possible use against the Syrian People in the form of aerial bombs. It is believed this specific intelligence is the reason why president obama took a hard line against syria just a few days ago, warning them there would be consequences if these weapons were used. Lets begin here tonight with the very latest. On what we know, starting with our pentagon correspondent, jim miklaszewski. Good evening very reporter good evening, brian, u. S. Officials tell us that the Syrian Military is poised tonight to use chemical weapons against its own people. And all it would take is the final order from syrian president assad. As the fighting grows more intense and Syrian Rebels close in on damascus, the Syrian Regime has turned
Countrys Credit Rating in the new year. Each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limit. President obama talked to Business Leaders today. The only thing that the debt ceiling is good for as a weapon is to destroy your Credit Rating. Reporter hes worried republicans may re newsto raise the countrys debt ceiling to get their way on spending cuts and risk defaulting on the countrys loans. That is a bad strategy for america. Its a bad strategy for your businesses. And it is not a game that i will play. Reporter republicans are pushing back. Hes the president , not the emperorer. Reporter fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes, not by raising rates on the rich as the president has insisted. Were not insisting rates just out of spite, but rather because we need to raise a certain amount of revenue. We cant just keep borrowing money, raisi