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...deficits have risen the fastest in the euro-zone group, which requires members to limit their budget shortfalls to 3% of GDP. Many of these countries began exceeding that threshold before the financial crisis began and then went well above it after the crash. E.U. countries collectively spent $1.5 billion to save their vulnerable banking sectors and a further $200 billion in stimulus funding to revive their economies. Although the latter helped the 16-nation euro zone exit the recession in the middle of 2009, it also lifted already lofty deficit levels even higher - and brought Greece and Spain perilously...
...McGregor, a senior counselor for APCO Worldwide, is a former chairman of the American Chamber of Commerce in China and author of One Billion Customers: Lessons from the Front Lines of Doing Business in China...
...food giant Kraft has reached an agreement to buy 186-year-old British confectioner Cadbury for $19.5 billion, ending months of resistance and rejected offers. But the takeover has left a bad taste for British citizens upset at the sale of a national icon--and for Kraft shareholder Warren Buffett, who criticized the purchase. If finalized, the deal will make Kraft the largest player in the global candy market, displacing Mars...
...University Business Officers recently released an analysis legitimizing common knowledge about the suckiness of our endowment, but 24/7 Wall St. took it a step further, calling us the worst at managing money (based on both percent and absolute dollar loss) among 842 institutions with endowments greater than $1 billion...
Maybe no university minds being at the top of a list, even if the statistics that accompany the top spot are a $10.9 billion-dollar loss and -29.8 percent change in endowment market value. And sure, we’re accustomed to Yale, Stanford, and Princeton being behind us...but then again, endowment mismanagement is one area we don't really want to dominate...