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...comes to the full force of Indian regulation, India is still not a very business-friendly country, and we rank far below Pakistan and China in the ease of doing business. The regulations that remain hurt the small entrepreneur and the first-time businessman the hardest. Money in particular has been a touchy subject...
...intentions were good. Ratings were a tool for assessing the safety of financial institutions. But the result has been to create a system in which getting a rating of a particular level is equivalent to "a regulatory license - a key that unlocks the markets," says Frank Partnoy, a law professor at the University of San Diego. In 1975, the SEC, in an effort to better define who was a legitimate rater of bonds, designated certain firms "nationally recognized statistical rating organizations" (NRSROs). Today, if you are a bank or a pension fund or an insurance company you have a firm...
...governments are set to vote on the proposal at the end of April, and officials are scurrying to devise a compromise, probably involving a special label. If Paris can rally enough E.U. countries to its cause, then French winemakers may well win this particular battle. But with their global market share continuing to fall, they might have to look at other ways to win back consumers...
...impossible to narrow down the list of motives as to why Iraqis returned the items. Having spent many years now in the Middle East, in Iraq in particular, I have learned if you're ever given a multiple choice test in Iraq, and one of the choices is "All of the Above," always pick "All of the Above." You're never going to be wrong. That's pretty much how it was with the return of the antiquities...
...Chinese authors who list their grievances with how China is being treated in the world today. Unhappy China, released this month, is a follow-up to the 1996 work China Can Say No, a nationalist bestseller that complained about the influence of the West and the U.S. in particular on China. Thirteen years later, the authors of Unhappy China point to the protests along the route of the Olympic flame, complaints about pollution from China by Western nations that consume far more resources per capita, and the West's unwillingness to share key technology with China as examples of continuing...