Word: pacificism
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That left an opportunity for MUFG, and it took it. Time will tell if the Japanese bank made the right move. In the 1980s, when Japan was booming, its companies bought a series of U.S. assets - from movie studios to the Pebble Beach golf course - that subsequently plunged in value...
For most Harvard students, dealing with climate change means changing desk lamps to energy-saving bulbs or recycling their class handouts. For the citizens of Kiribati, an island nation of 100,000 in the Pacific, it means a full-scale abandonment of the island and the eventual disintegration of their...
House Democrats passed a bill Tuesday night that would end a 26-year ban on drilling for oil in federal waters 50 miles or more from the Atlantic and Pacific coasts - in a belated attempt to find political shelter from Republican election attacks over gas prices. But even as House...
One way to deal with the additional demand created by electric cars would simply be to build more power plants. That would be expensive, however, and, if the additional plants burned coal or natural gas, bad for climate change. A better solution: tap into the enormous extra capacity of the...
But Glenn Maguire, chief Asia-Pacific economist for Société Générale in Hong Kong, expects that Asia's central bankers will move towards looser policy to support their economies and head off any possible liquidity shock from the U.S. meltdown. "It's pretty clear...