Word: capitale
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There's little disagreement that by picking up the banks' half-a-trillion-dollar repair bill, taxpayers got a rotten deal in the financial meltdown. How to make sure they're not forced to pay a second time is unclear. A levy on financial-market transactions, stretched beyond foreign-currency...
Yet it won't be easy for retailers to hold the line as they face a showdown with frugal shoppers. "Inventories are in good shape, but sales may suffer more than we thought as retailers are forced to blink on promotions to drive traffic," says Jeff Black, director at Barclays...
You can see it as you're flying into New Delhi - or rather, you can't see a thing. As the plane descends to the Indian capital on an ordinary November day, it is immersed in air so polluted as to be opaque, a brownish sludge that scatters any sunlight...
That soupy brown air is the result of so-called black carbon expelled into the atmosphere in and around the Indian capital, from the burning of biomass for cookstoves and of black coal for electricity, and the incomplete combustion in the old diesel engines that propel most of the cars...
Pagliuca stressed both his experience in business, starting a venture capital fund that invested in health care companies, and his middle class roots.