Word: investingations
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But the most important stimulus principle will be change. Obama campaigned for it and won a mandate to pursue it. If he can make sure every initiative promotes his top priorities - reducing our dependence on fossil fuels, investing in our future competitiveness and rebalancing our economic playing field in a...
What really sets Obama apart, however, is that despite his sensitivity to the problems that plague some urban neighborhoods, he does not view cities primarily as problems to be solved. "Federal policy has traditionally treated cities as victims," says Greg Nichols, mayor of Seattle. Ever since Lyndon Johnson's Great...
How did Bernie Madoff come to have two classes of investors - the first-class crowd enjoying SIPC support, and the rest of us in coach? The Securities and Exchange Commission (SEC) encouraged the growth of unlicensed, unregistered feeder funds when it liberalized investing rules in the 1996 National Securities Markets...
In effect, the unregulated funds have to regulate themselves, and if there is fraud, the only recourse is to sue the unlicensed fund manager. Those investing under the SEC's amended rules have no recourse for recovery from the system that fathered them.
Options include investing more in gas storage and focusing on other sources of gas in the Caspian or North Africa and the Middle East. But building pipelines takes years, so a solution won't be easy.