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...their jobs. Hank Paulson, a well-built former Dartmouth football player and former head of Goldman Sachs and mild-mannered Ben Bernanke have been accused of manipulating a major decision by a public company, Bank of America's (BAC) decision about whether it should by Merrill Lynch, overriding the normal and legal corporate governance system. Put more simply, they broke a law in the name of saving the national financial system...
Bernanke said that the economy should start to see improvement by the end of the year. He pointed to housing and inventories as signs that business and consumer activity are starting to quicken. Bernanke put in the normal caveat which is always that the government's stimulation and regulation are critical to the healing process. If the economy could have healed itself, it would have already. (See pictures of the global financial crisis...
...year or the beginning of the next that we lose sight of the more important question," said Mohamed El-Erian, CEO of bond-investing giant Pimco, at a conference in Los Angeles last week. "It's not whether the recession will be over; it's what does the new normal look like...
About half of the tweets I’ve seen are normal status updates: users can post “just got to the office” or “thesising in Widener,” for example. So far, this sounds a lot like Facebook, with its status updates and news feed, and I recall that Facebook encouraged these location- and action-type posts when status updates were first launched...
...having come into close contact with any suspicious case of swine flu within the previous week or having any H1N1 flu symptoms in his health claim form," said Chen Ming, deputy director of the information center at the General Administration of Quality Supervision, Inspection and Quarantine. "His temperature was normal when taken twice at the airport, and he also looked well." (See the top five swine...