Word: capitale
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The market continues to stage an improbable rally which should have been affected by concerns about the spread of the Swine flu virus and the fact that several large American banks may need tremendous infusions of capital. GDP numbers issued by the government were also shockingly bad. The economy contracted...
The government is going to have to come to grips with the fact that banks have to pay the best bankers even if the idea is unpopular. There is nothing new in this argument, but it is extremely urgent that it be resolved. The results of bank "stress tests" are...
Maybe the Pennsylvania Senator knew he was bound to wind up on the other side of the aisle eventually. Democrats - including Vice President Joe Biden, with whom he had shared many a ride on Amtrak when they were both commuting Senators - had been wooing him for years. Specter, 79, had...
So long as the global financial system is in disarray, China will be hard pressed to withdraw its support for SOEs and stem the private-sector decline. But if it wants to ensure that an economic recovery lasts, it may have to. "If you believe one of China's problems...
Whatever the origins, the virus is putting increasing pressure on the capital city. After his Tuesday announcements about restaurants, Ebrard said that if the number of sick rises drastically, he will consider still harder methods such as shutting down the subway system - a move that would really send shockwaves through...