Word: delays
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...manage to grab the largest slice of the pie. Another issue that remains very much in the balance is the fate of Beijing's attempt to bolster the country's technological chops by force-feeding the industry a homegrown version of 3G. More broadly, critics say that the long delay in granting 3G licenses - widely seen as an effort to allow more time for the development of China's own 3G technology to compete with established high-speed standards - means that tens of billions of dollars may be spent on networks that will be outdated within a few years when...
...Treasury has too much to do. It will delay talking about its new overhaul for banks until Tuesday while it works with Congress to help finalize a new stimulus package which may have a $800 billion price tag. It also has to prepare plans for how it will work with the Fed and FDIC to pull the financial system back together...
...Treasury has too much to do. It will delay talking about its new overhaul for banks until Tuesday while it works with Congress to help finalize a new stimulus package which may have a $800 billion price tag. It also has to prepare plans for how it will work with the Fed and FDIC to pull the financial system back together. (See who's who in Barack Obama's White House...
...dire numbers to renew his call for action on the stimulus bill that is currently bogged down in negotiations in the Senate. At an appearance to introduce his team of outside economic advisers, Obama said the job numbers signaled "an urgent and growing crisis" and called further delay on the stimulus bill "inexcusable." "If we fail to act," he said, "this crisis could become a catastrophe." (See the top 10 financial collapses...
...delay may make it more difficult to unravel the case. The police took a week to seize documents from Satyam's auditors, and there are concerns that crucial papers have been destroyed. Two weeks after Raju's confession, the state police arrested his cousin, Gopalakrishna Raju, who heads a sister company, for "concealing and causing disappearance of evidence"- mainly documents related to property acquisitions. Although an independent body under the central Ministry of Corporate Affairs, the Serious Crimes Investigation Office, has been investigating the case, it has a mandate to look mainly at violations of corporate law and not issues...