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Still, there are some major differences between the FCIC and the 9/11 commission. The FCIC does not have to deal with a President and an Administration that was in power when the event happened, though the Obama team will probably try to deter any criticism of how the current President responded to the crisis. Another major difference is that most of the major actors in the financial crisis are U.S. citizens, making it easier for the FCIC to subpoena, which Angelides has said he will do, to question the people at the heart of the crisis...
...country's fiscal year ended March 31. But recession has caused a dramatic deceleration as companies in the U.S. and Europe scale back technology spending. NASSCOM forecasts that the growth rate of India's exports of IT and other business services will drop to at most 7% in the current fiscal year, down from 16% last year...
...from the Asia-Pacific region grew by a compounded 42% a year between the 2004 and 2008 fiscal years compared with 29% in the U.S. That's why management at Infosys is targeting a long-term restructuring of the company's revenue base, decreasing the U.S. share from the current 65% to 40%, while raising the proportion coming from the Middle East, Latin America and Asia from about 12% to 20%. "The U.S. continues to grow," says S. Gopalakrishnan, CEO of Infosys, but "we can get higher growth rates in [emerging] markets...
...months, unveiling plans that include what he calls "draconian cuts" to social services. The man who used to be hailed as the Governator didn't reference any of his action movies to describe his battles with the deficit. Instead, he invoked a very different kind of movie: "The current tax and budget system is cruel. It is cruel because it is forcing us to make a "Sophie's choice" amongst our obligations. Which child do we cut? Is it the poor one or the sick one? Is it the uneducated one or is it the one with special needs...
...reach an agreement over the devolution of policing and justice powers from London to Northern Ireland, despite months of negotiations. Catholic republicans have for years accused the British-run law-and-order system of having a pro-Protestant bias, while Protestant unionists have been reluctant to alter the current setup. The impasse has added to the public's frustration over a perceived lack of progress on a host of key issues. (Read "Site of IRA Hunger Strike Haunts Northern Ireland...