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...followed former Goldman Sachs CEO Henry Paulson to the Treasury Department, where he was hired as a senior adviser in 2006. In short order, he was assigned to work on the department's response to the housing crisis, during which time he grew close to Paulson...
Treasury Secretary Henry Paulson and his team are starting to look like short-order cooks stuck in a perpetual lunch-hour rush. The worse the economic crisis gets, the more confidence- and liquidity-boosting measures they cook up, from the Bear Stearns deal last spring to the AIG bailout last month...
...need to consider what’s fun and interesting and needed from a neighborhood standpoint in order to create that sense of a center,” said Steven G. Cecil, a principal at the Cecil Group...
...future risks for China, most analysts believe, are tied more to the second-order effects - the global macroeconomic fallout from the crisis - than to the subprime credit crunch itself. "China's exposure comes from its concentrated bet on the dollar and the risk that the U.S. policy response to a slowing economy and investors' aversion to U.S. debt will combine to put pressure on the dollar going forward," says Brad Setser, a former U.S. Treasury Department official now at the Council on Foreign Relations. That would mean further upward pressure on China's currency, the renminbi, at a time when...
Corsi was detained for about 4 1/2 hours before he was expelled. Immigration officials said the author did not have a proper permit to work in Kenya. But Corsi's publicist, Tim Bueler, told TIME that they were assured their visas and passports were in order. Corsi said he had been upfront about his intentions when he arrived. According to Corsi and Bueler, the author was told that the government had misplaced their immigration cards, which visitors fill out upon arrival at the Nairobi airport. "Dr. Corsi can return to Kenya anytime," said Bueler. "They said our passports were...