Word: crisises
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This week the commission to investigate the causes of the financial crisis will hold its first public hearing. First up to be accused of causing massive foreclosures, nearly bankrupting our financial system and robbing us all of our retirement savings: Wall Street CEOs. On Wednesday, four top financial executives are...
Washington commissions and hearings are often yawn-inspiring affairs. But this one, officially called the Financial Crisis Inquiry Commission (FCIC), could trigger some fireworks in part because of the severe damage caused by the financial-industry meltdown. What's more, the commission's chair Phil Angelides, a Democrat and former...
The last time Harvard issued debt was in December 2008, at the height of the global financial crisis, when it borrowed $2.5 billion to raise cash, refinance risky short-term debt, and terminate certain investment agreements. The move drew heavy media attention and criticism, with a Forbes cover story suggesting...
The U.S. Defense Department's approval of a new arms package to Taiwan on Wednesday was the best new year's gift that President Ma Ying-jeou could ask for. Ma's new year started with an embarrassing diplomatic crisis this week over U.S. beef imports. Lawmakers from Ma's...
"This is a very important issue and one, I suspect, that has been the biggest cause of delays," says Hans Kristensen of the Federation of American Scientists. "We don't want Russian war planners deciding to put as many warheads as possible on their delivery vehicles - that is not a...