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...Last month, when Washington and Ottawa pledged to invest $60 billion in Detroit's biggest car company, Mexico - a partner in NAFTA and an integrated North American auto industry - was conspicuous by its absence at the negotiating table. (See the best cars from the 2009 Detroit Auto Show...
Goldman Sachs is a giant pig. A giant pig that blows bubbles through a wand shaped like a dollar sign. A giant pig that laughs at us when we invest in worthless dotcom stocks. A giant pig that happily watches us get carried away and burned by rising home prices. A giant pig that smiles widely when we have to fill our tanks with $4-a-gallon gas. Quite simply, the investment bank that is revered on Wall Street could just be a bunch of crooks, and greedy ones at that...
...people who worked hard to save their money and thought it was safe," Chin said. The judge added that he was particularly moved by one victim's statement that described how Madoff assured a woman, whose husband had recently died, that her money was safe and encouraged her to invest more within weeks of the scandal being exposed, even though he knew it was all a fraud. The woman's money is now gone and her home had to be sold, Chin said. (See pictures of the demise of Bernard Madoff...
...Metro is hardly the only one in the U.S. with an aging fleet. Public-transit advocates in many major cities face a similar problem: an aging, underfunded transit system struggling to safely ferry ever larger numbers of riders. "This does draw attention to the fact that we need to invest a lot more in our transit system," says Deron Lovass, the federal transportation director for the Natural Resources Defense Council (NRDC). "Our highway system is world class, but we've neglected public transit along the same way." (See pictures of Washington...
...Labour, for the first two years after its 1997 victory, adhered to stringent spending plans set by its Conservative predecessors. Even after that date, as Labour's Chancellor of the Exchequer, or Finance Minister - the office that best suited Brown - he held to his "golden rule," borrowing only to invest, and resisted raising the tax rate paid by top earners to fund Labour's social-justice and equality initiatives...