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June 8 General Motors will be delisted from the Dow Jones industrial average. GM shares then trade, in a limited fashion, on the Pink Sheets, an electronic over-the-counter system for companies that don't meet major exchange listing standards...
...companies that do business with them. It also wants to stop credit guarantees for Iranian energy companies and those that work with them, and it wants to halt all investments in the energy sector. And Ross doesn't want to stop there. The U.S. has pushed Russia, a major trading partner of Iran's, to be ready to commit to sanctions on businesses unrelated to Iran's nuclear program - something Russia has resisted. In a secret letter in early February to Russian President Dmitri Medvedev, Obama wrote that the U.S. would abandon its plans for missile defense in Poland...
...this theoretical underpinning at first seemed to have been demolished. The idea that stocks could be good investments became a joke and remained that--in the popular view, at least--for decades. Yet whenever anyone in later years re-examined the data on stocks' long-run performance--major scholarly studies on the topic were published in 1938, '53, '64 and '76--they reached the same conclusion Smith did. Even with the dire experience of the early 1930s factored in, stocks had proved an excellent long-run investment, with returns that far outpaced those of bonds...
...June 11 passage of the FDA Tobacco Regulation Bill, which provides the U.S. government with extensive power to regulate tobacco products, is a major step for federal regulation of cigarette manufacturers. The bill provides the Food and Drug Administration with its most expansive authority over the tobacco industry to date: not only does it grant the FDA the power to dictate product ingredients and overrule new products, it compels tobacco companies to eliminate potentially misleading labels like "light" and "mild," regulate a product's ingredients and increase the size of the warning labels on cigarette packs. The tobacco industry...
...bike boom owes much to Chinese policy. The government made developing e-bikes an official technology goal in 1991. Major Chinese cities have extensive bicycle lanes, which means riders can avoid the worst of rush-hour congestion. In cities such as Shanghai, local governments have drastically raised licensing fees on gas-powered scooters in recent years, effectively driving hoards of consumers to e-bike manufacturers...