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...conflicting regulations, uncertain lines of authority and onerous tax burdens. Contributing to this hostile environment are corruption, a capricious legal system and local suspicion of foreign companies, which are often viewed as carpetbaggers rather than investment partners. Not that Indonesia is a complete pariah to outside investors. Foreign direct investment (FDI) has increased in recent years as the economy has improved. But reform is required, economists say, if Indonesia is to become more competitive regionally and globally. China in 2007 attracted seven times more FDI than Indonesia, India almost twice as much. Indonesia "has to be at par with what...
...June the 39 Clues team got a major boost: DreamWorks acquired the film rights, with Steven Spielberg planning to produce and direct. "The 39 Clues takes creative leaps to expand the story experience from the pages of the books to multiple stages of discovery and imagination," Spielberg said, in an uncharacteristically robotic statement. "We have the opportunity to develop this property that says 'film,' 'family,' 'fun' and 'franchise...
...Bush in December that included language paving the way for the loan guarantees. "We are encouraging Congress to take this up now," says John Bozzella, vice president of external affairs and public policy for Chrysler. Auto company spokespeople insist that they're not asking for a bailout. "These are direct loans that we have to pay back," explains Ford spokesman Mike Moran. "Direct loans to automakers and suppliers will support American workers and strengthen the future of U.S. manufacturing and the economy. Borrowing capital at a lower cost than the double-digit interest rates we are now paying will allow...
...carmakers operating in the U.S. could qualify for the loans, noted Bozzella. "There are no restrictions in the language on which companies are in and which companies are out," he says. However, none of the foreign automakers with manufacturing plants (such as Nissan) in the U.S. have expressed a direct interest...
...rest are elected by largely pro-Beijing business interest groups. Legislators also lack any meaningful power, since they can only veto laws proposed by the city's chief executive, who is elected by a pro-Beijing klatch of 800 appointees. Last year, Beijing indicated that it could introduce direct elections for Hong Kong's legislature and the chief executive by 2017, potentially robbing democrats of their signature issue. "This was an important move by Beijing because it helped to cool down the intention of middle class people to cast their vote," says Sung...