Word: bankses
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Dates: during 1990-1999
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And it's not just Japan that has a lot at stake. Still-limping tigers like Korea, Thailand, Indonesia and Singapore need healthy Japanese banks to lend their businesses money, and free-spending Japanese consumers to buy their exports. Japan, in its current state, has neither. The once-emulated economic...
It's one of those things you don't even share with your best friends -- how much you earn. Well, in California that nugget of personal information could soon be up for sale to banks, mortgage lenders, car dealers and other potential creditors -- by none other than the government. The...
There seems to be little doubt that the family grew wealthy at the expense of the nation. Suharto laid the foundation by establishing an intricate nationwide system of patronage that kept him in power for 32 years. His children, in turn, parlayed their ties to the presidency into the role...
In 1966 Suharto Inc. began to take shape. Before being officially named President, Suharto issued Decree No. 8, allowing him to seize two conglomerates with combined assets of $2 billion. They were recast as PT Pilot Project Berdikari, one of the companies that became a main lever of the family...
With Rubin's resignation and Summers' ascension, the question arises: To what extent did Rubin's personal strengths make possible the enlarging of the Treasury Secretary's mission? The former Goldman Sachs partner spent years as head of the firm's arbitrage desk, a position in which he had to...