Word: businessese
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Some conservatives are worried enough that they're taking action. In early November, former conservative Prime Minister Jean-Pierre Raffarin led a revolt in France's upper house of parliament by refusing to back Sarkozy's pet bill that would have ended a particular tax on businesses. Though Raffarin agrees...
North Korea, home of one of the world's most cloistered economies, tackled its soaring inflation rate on Nov. 30 by quietly revaluing its currency at a rate of 100 to 1. The move is widely believed to be an attempt to crack down on private businesses that operate outside...
Obama and Geithner have a long list of penalties they can impose if the banks don't do a better job of lending to small businesses or modifying home loans. And Obama's pay czar, Kenneth Feinberg, could target the bank's bonuses with what the senior bank executive calls...
But if New Delhi imagined it would calm tensions with its nod toward accepting a new state, the move backfired. Dozens of local legislators in Andhra Pradesh have resigned their posts and strikes by those opposing Telangana's secession have paralyzed much of the state. Trains have been blocked, businesses...
Private groups have been helping this process. In partnership with the Overseas Private Investment Corporation and the Palestine Investment Fund, the Aspen Institute created the Middle East Investment Initiative, which uses loan guarantees to provide financing for medium-size Palestinian businesses. In two years it has facilitated 210 loans totaling...