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...force to be reckoned with. Over the years it was expanded frequently. Now the 264,000-sq.-ft. addition of the Modern Wing, which was proposed by the Institute's former director James Wood and seen to completion by his successor James Cuno, makes the Art Institute the second largest American museum, after the Metropolitan Museum in New York. (See pictures of the new Modern Wing...
...that the bank stress tests are completed, is it time to plan another round? The government's bank exams, the results of which were released in early May, seem to have calmed the market and paved the way for the nation's largest financial firms to raise tens of billions of dollars. As a result, a number of academics and policy watchers are warming to the idea of making the stress tests permanent. They like the fact that the stress tests have restored confidence in most of the nation's largest banks. What's more, they argue that even...
...Forty years ago, Lake Erie, one of the largest lakes in the world, was also among the most polluted. Industries in Pennsylvania, Ohio, and Michigan dumped waste into the water as fast as was necessary to keep their industrial operations working. Lake Erie reached a point where it could hardly support a population of fish. The companies involved were not being malicious as much as they were being brazenly capitalistic. Some of the CEO's who were the heads of the largest polluters may have even been fishermen. They desire to make money trumped their personal feelings. (Read: "Comeback...
...doing so would put some $210 billion in U.S. coffers over the next 10 years. Critics say the change would make it harder for U.S. companies to compete globally and could spur some to relocate overseas. A 2008 report from the Government Accountability Office said 83 of the 100 largest public U.S. companies have subsidiaries in tax havens...
...accessories in enough of a dizzying array to make any young woman swoon. It wasn't the first time the giants of cheap chic had stormed Tokyo. Last November about 2,500 shoppers jammed the very same sidewalk for the opening of Swedish H&M, the world's third largest casual-clothing retailer, located next door. And that was just one month after the launch of British retailer Topshop a few stores down. (Read "Japan's New Groove...