Word: april
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...wouldn't know it from the stock markets, though. Three weeks into April, the MSCI Pacific Index, which includes Australia and Japan, is up 10.4% for the month, and 3% over three months. The MSCI Australia Index has risen 6.6% month-to-date, the Hong Kong index 15%, and Japan 11%. Even hapless Singapore is doing well, thank you very much, boasting gains of 11.7% in the month to April 20 and 7.6% over three months.Read "China Takes On the Global Car Business...
...first African-American head of the Environmental Protection Agency (EPA), Lisa Jackson is already a historic figure. Yet, it's her response to the threat of climate change that will ultimately decide her legacy. On April 17, Jackson's EPA issued an endangerment finding on greenhouse gases, concluding that carbon dioxide and other emissions posed a threat to public health and welfare. That potentially opens the door for the EPA to directly regulate greenhouse gases, which would represent the most far-reaching action in the agency's history. Jackson spoke with TIME's Bryan Walsh about the endangerment finding, balancing...
...March 30, a Santa Clara, Calif., man shot five people to death, including three children, before killing himself. On April 3, a gunman went on a shooting rampage in an immigration center in Binghamton, N.Y., killing 13 people before taking his own life. And on April 20, employees of a Sheraton Hotel in Maryland found the bodies of a husband and wife and two daughters, victims of another apparent murder-suicide...
...Washington Haste Makes Waste In an April 21 report to Congress, the special inspector general overseeing the government's $700 billion financial bailout offered some grim news and a stern warning. Neil Barofsky said he had begun "almost 20 preliminary and full criminal investigations" into allegations of fraudulent use of bailout funds. He urged the government to revamp the bailout rules so it can better track spending. According to Barofsky, the bailout's Public-Private Investment Partnership program, in particular, is "inherently vulnerable to fraud, waste and abuse...
...India A MONUMENTAL EFFORT Voting in the world's largest democracy started on April 16, despite violent Maoist attacks intended to disrupt the election that left at least 17 dead. Staggered balloting for the nation's 543 parliamentary seats continues until May 13; counting will begin on May 16. Neither of India's two major parties is expected to win enough seats to declare an overall victory, so a new coalition government--including some of the country's smaller parties--could be formed after the election...