Word: exchangee
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Where has the government been? Remember Ronald Reagan's mantra: Regulation is bad. The Reagan, Bush I and Bush II administrations believed in three main things: deregulation, tax cuts that provide little relief for most Americans and government subsidies for huge corporations. John McCain now has a "comprehensive" plan...
The timing of the move was extraordinary and should be seen as a sign of relative confidence. It came, as Ulrich put it, in "stark contrast with major offshore markets - including the U.S., where regulators temporarily banned short-selling in recent weeks." And leverage - using borrowed money to buy or...
Outside the Brussels stock exchange, union members distributed peanuts, and leaflets saying "Purchasing power: what's left? Peanuts." But as the Belgian government struggles to keep up with the spiralling financial crisis, those peanuts might have to last for a long time yet.
On a larger scale, this threat to the NBA exemplifies the darker side of globalization. While the benefits to these players—and the world basketball market generally—may increase as a result of their going abroad, there are inevitable costs. As a fundamentally American sport, born...
Speechwriters played a part, of course—every folksy quip, every heart wrenching anecdote, every false accusation was delivered with the poise and monotony of long preparation on both sides. But the best moments were, as in all theatre, accidental: McCain nearly forgetting how to pronounce �...