Word: businessese
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The parallels extend even to New York’s financial system. Just as Bloomberg goes on a ferocious diet after seeing an unflattering photo of himself, Wall Street has almost completely abstained from giving out loans. Considering the way banks used to court risk-taking businesses clearly unable to...
What does that mean for regulation? You can set up certain decision rules that try to keep people on the straight and narrow, but too much regulation about the details is going to get you in trouble. The big banks should probably be fairly boring and reasonably well regulated. And...
Jain of the ADB says the leadership in Manila, faced with elections in the coming months, is indeed thinking of long-term solutions to its infrastructure woes. Plans have been afoot to improve sanitation and also relieve the population burden in metro Manila by shifting certain businesses and government offices...
Instead, government planners are banking on GEM to help SMEs get access to capital, augmenting previous initiatives such as the Small and Medium Enterprises Board that the Shenzhen bourse set up in 2004 and state funding for the domestic private equity sector to supply SMEs with venture capital and other...
Her new allies are likely to inspire more ambitious change. Top of the pile of unfinished business: nurturing and revitalizing a torpid economy, the world's fourth largest. Under the influence of her SPD partners, Merkel intervened to preserve jobs in big industries. Guido Westerwelle, the FDP's leader, and...