Word: escapees
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Greenberg is not likely to escape tough questions. It was Greenberg, after all, who supervised Joseph Cassano, chief of AIG's Financial Products (FP) unit, whose sales of uncollateralized credit-default swaps brought down the company. Representative Peter Welch, a Vermont Democrat and committee member, blamed Greenberg for "allowing a...
In other words, China will seek to spend more, and the U.S. will seek to spend less. Many economists are critical of the lack of specific policy solutions beyond these acknowledgements, saying the imbalances and the resulting distorting effects on currency exchange rates should have been a central agenda item...
But sometimes, the bad news has to be admitted from on high. The U.A.E.'s Minister of Economy, Sultan bin Saeed al-Mansouri, last week acknowledged that the economy of the world's fifth largest oil exporter is expected to shrink in 2009. He refused to give an indication of...
Precise details are still emerging. The fact that the attackers managed to sustain their assault for several hours is being seen as evidence of sophisticated training. Monday's siege comes less than a month after a dozen gunmen carrying backpacks and wielding Kalashnikovs attacked the Sri Lankan cricket team in...
There's not much hunt in it, though. If the agents sight a smuggler's boat, it's game over - the feds' boats are faster, their drivers better trained and their guns bigger, Hill explains. Typically the smugglers just surrender, as their cell phones and BlackBerrys fly overboard. "The first...