Word: financees
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Because Key's background is in finance, he's taken on the air of a man for the times. Born in 1961, Key hadn't long started school when his father died from a heart attack. His immigrant mother raised him and his two sisters in a state house in...
The next President, whether it's Barack Obama or John McCain, will take the helm amid a maelstrom. Testifying before Congress, former chairman of the Federal Reserve Alan Greenspan - not known for his colorful public statements - professed "shocked disbelief" at the "tsunami" that has plunged global finance into disarray. He...
It was beautiful while it lasted: Impressive growth rates, speedy development, and a strong and diversified financial services industry put miniscule Iceland on the economic map. But it wouldn’t last forever. In the past month, all three major Icelandic banks have been effectively nationalized, the stock market...
To a surprising degree, China appears to still be listening. It's true that at a meeting in Beijing late last week of Asian and European leaders premier Wen Jiabao called for more global regulation of financial markets, but that's become conventional wisdom pretty much everywhere. "Few among Beijing...
Well, mostly. There has been a rearguard action among conservatives - "market skeptics," is how one U.S. source describes them - to throw sand in the reform gears as the global carnage mounts. That, in part, explains Paulson's speech in New York. The conservatives have made some headway. Fan Gang, a...