Word: capitale
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The notion that low interest rates mean easier credit is based on a fool's analysis that banks will make risky loans just because their cost of money has dropped; There is almost certainly no truth in that. Many banks still want to keep as much capital as they can...
One of the largest American companies that reached a crisis in the last month is Dow Chemical. It lost a deal with Kuwait that would have given it about $7 billion. It also bid to buy Rohm & Hass (ROH). Now that the money from Kuwait is gone and the worldwide...
But their differences could have serious consequences. Democrats are enjoying expanded majorities in both congressional chambers as well as control of the White House, but their potential to see much of their agenda passed rests on their ability to get along. Past Speakers - most notably Democrat Tip O'Neill, whose...
Obama may have the political capital, but Pelosi has no illusions about the way things work on Capitol Hill. "What she realized with Obama coming in was that, yeah, we can go through this dance, but at the end of the day, this was going to be a tutorial for...
Opium and heroin aren't the only drugs that provide an economic lifeline to Burma. For years, an influx of Burmese-made methamphetamine has flooded into neighboring Thailand and China, feeding Asia's chemically induced highs. There are some signs that the Burmese government is trying to stanch the drug...