Word: investments
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...city's peculiar resistance to change: "What's wrong with us? he thought. Are we proud of being backward and insular? When New Orleans was awash in oil money, it had refused to invest in the harbor, which was now being superseded by such pikers as Mobile. It had failed, when it had the chance, to correct a school system that produced students who could barely speak English or do sums. When northern companies fled unions and taxes for the Sunbelt, and cities like Memphis and Dallas were doing all they could to attract them, New Orleans turned a cold...
...second visit to China in four months for meetings with senior political and business leaders. A key ally in the U.S.-led "War on Terror," Pakistan - desperate for money and in need of a good friend - has recently found itself beckoning China for rescue. But is China willing to invest its pennies in Pakistan, much less play superhero for an old but now problematic ally...
...company's plans to shed more than 10% of its workforce and close some factories, "I actually think we're going at it the right way. I think Wall Street will eventually appreciate how we're managing to be proactive throughout this." Even Warren Buffett's move to invest about $300 million in the company failed to inspire much confidence from Wall Street...
...Both the 1933 panic and the current credit crisis yield the same message: strong, cooperative leadership from the Fed is the key to inspiring confidence in both consumers and major private sector actors. Like any executive action, this leadership demands rationale—a justification for others to invest. Geithner must look to the failures of his predecessors in order to succeed...
...chain. Car manufacturers' association ACEA says passenger sales in Europe fell 7.8% in 2008 and are expected to drop a further 15%. (January's figures are already down by 27% on a year ago). ACEA has called for an additional $51 billion in soft loans to help the industry invest in the cleaner cars needed to hit E.U. climate change goals, and to hold onto highly skilled workers. (See pictures...