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...guard Baron Davis. Jay Li admits they lined up "not because of Li Ning but because we have a world-class basketball shoe." (It probably also helped that Baron Davis himself was in the store giving autographs.) Priced between $99.99 and $149.99, a pair of BD Dooms does not come cheap, but the kicks have at least one high-profile fan. Davis says NBA superstar LeBron James asked him during a game, "Yo, B.D., why do your shoes look better than everyone else's?" The answer - a team of young, talented designers working for a Chinese company that...
When you're staring at a $250 billion budget deficit for the year, a fresh tax or two can come in handy. And if unpopular banks are the targets, better still. Few of Britain's voters will quibble with Alistair Darling's call Wednesday, March 24, for a global tax on banks to help recover the billions in public funds doled out during the crisis. "We intend to get all taxpayers' money back," the Chancellor of the Exchequer said during his budget speech to Parliament, his last before a general election expected in May. Charging banks to help do that...
...Moves to force lenders to pay up in response to the global financial blowout are gaining momentum. German officials announced plans Monday, March 22, to start taxing banks as a way of squirreling funds for any future bailouts, with details expected to come before the end of the month. U.S. President Barack Obama unveiled proposals in January for a $90 billion bank tax designed to recoup public money used to shore up the nation's lenders. No-nonsense Sweden, meanwhile, has already implemented its own version. But amid this consensus on the need to charge banks, doubts over the merit...
...While the new programs should assist the most troubled end of the real estate market, they will not come close to replacing the huge intervention by the Federal Reserve in the mortgage-securities market, which helped keep mortgage rates enticingly low. (See 10 perfect jobs for the recession - and after...
...only Islamic society in Asia to cane transgressors. In February, three Malaysian women were subjected to several strokes each after being convicted of extramarital sex. But that sentence was meted out inside a Kuala Lumpur prison. If a proposal drafted last September by a group of Acehnese lawmakers had come to fruition, adulterers might have been stoned to death in public. Pristine beaches and alfresco executions? It's hardly a formula that's going to worry Phuket or Bali. (See 25 authentic Asian experiences...