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...environmental groups came away from his speech underwhelmed. Obama made no mention of specific targets for U.S. emissions cuts at Copenhagen, nor did he agree to attend the summit himself - as British Prime Minister Gordon Brown has done. He spent much of his speech focusing on the need for major developing nations like China to make their own moves on climate change, which sounded a little hypocritical after years of American foot-dragging. "It was great to have a visionary speech with the right word from Obama," says Steve Howard, the CEO of the Climate Group, an international nonprofit group...
...safer ground. He has dramatically lowered borrowing and shut down the firm's proprietary trading desk. He changed Morgan from a Wall Street dealer to a bank holding company, and more than tripled the firm's deposit base, which is a safer source of capital. And in a major break from the bank's 70-year history he de-emphasized investment banking as the driver of Morgan Stanley's profits. In June, he completed the purchase of a majority stake in Salomon Smith Barney's brokerage division, instantly turning Morgan Stanley, once an élite white-shoe institution, into...
...often the proceedings of the Communist Party of China resemble a detective story, but the Fourth Plenum of the 17th Congress, which just concluded in Beijing, fits the bill perfectly. In fact, the Plenum, the Party's biggest annual meeting at which major policy and personnel decisions are made, is being compared to the Sherlock Homes storyline in which the most significant clue is something that did not occur - the guard dog that didn't bark on the night of the murder. At the characteristically secretive Plenum, the equivalent clue into the mystery of who will be China's next...
...seats the Christian Democrats had snared. But when the official results came in later that night, it became clear that the CDU and CSU parties had actually picked up only one extra seat, while the SPD had claimed four. Even though confusing situations such as this sometimes arise, the major parties resisted moves in July to reform (in essence, abolish) the extra-seat rule, which Germany's Constitutional Court has demanded happen by 2011 at the latest. (See pictures of the Berlin Wall...
...meet one on one with U.S. President Barack Obama on the sidelines of the U.N. General Assembly in New York City before heading off to Pittsburgh, Pa., for the G-20 summit on Sept. 24-25. This is what a more relaxed Hu might say to Obama, whose first major decision on trade was to slap a 35% tariff on tires produced in China - an action that generated a flurry of stories in the media about the possibility of a U.S.-China trade...