Word: led
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Well, yeah, except that Goldman and JPMorgan played right along with many of the Wall Street practices that led to the crisis. They fought regulation - of derivatives, for instance - that might have prevented it. And their big profits can be traced not only to skill but also to the government's decision last fall to bail out the financial sector just as the troubles that toppled Lehman Brothers and WaMu and forced Bear Stearns, Merrill Lynch and Wachovia into shotgun marriages began to endanger Goldman and (to a lesser extent) JPMorgan. "No one should be confused about the extent...
...your articles about the political events that led up to regime change in Central and Eastern Europe, we Hungarians are very proud of our contribution. We have just celebrated the 20th anniversary of the Pan-European Picnic: the opening of the border with Austria that allowed hundreds of East Germans to cross to the West. But this was preceded by many other events, such as the demonstrations by tens of thousands of people in Heroes' Square in Budapest in the summer of 1988 against Ceausescu's bulldozing of ethnic Hungarian villages in Romania, at a time when gatherings by just...
...some of the thunder of their better-known Japanese, South Korean and American rivals. Chief among them are Asustek Computer, which practically invented a category of small, inexpensive notebook computers called netbooks, and HTC, which is making a surprisingly strong showing in smart phones, a fast-growing market currently led by the Apple iPhone. (See the best inventions...
...effort to develop a high-tech industry. He was hired to manage a state-funded research institute, but shortly after his arrival, an influential technocrat, Li Kuo-ting, called Chang to his office and told him: "Think about how you want to start a company." The conversation led Chang, backed by state funding, to found Taiwan Semiconductor Manufacturing Co. (TSMC), now the world's largest chip foundry and one of Taiwan's most prominent firms. That was just one part of the island's big push. Other electronics manufacturers - makers of notebook PCs, memory chips, LCD panels and other essential...
...again to ensure its future growth - and he's leading the charge. In June, he reclaimed TSMC's CEO post four years after relinquishing the job - even though he is 78 years old - with the goal of taking the firm into new industries, possibly solar panels and energy-saving LED lighting. "The next transformation is going to be something that requires ideas, innovation," Chang says. "My basic concern with Taiwan is that the country needs a lot of reforms...