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One glance at the travel itinerary of Natarajan Chandrasekaran will tell you just how dramatically the postrecession economy is changing. Since October, when he became CEO of Indian IT firm Tata Consultancy Services (TCS), Chandrasekaran has retraced the business trips his predecessors have been making for years to New York...
As the Hollywood star best known for playing the Terminator and Conan the Barbarian, Arnold Schwarzenegger was elected governor of California six years ago to slay the deficit dragon that has been terrorizing the state for most of the past decade. But in his final budget proposal, on Jan. 8...
Arnold's choice is clear: to protect the state's vaunted higher-education system. In the same week that Schwarzenegger revealed his budget proposal, which calls for deep cuts to health care, social services and public transit, he also proposed a constitutional amendment (yes, another amendment) that would guarantee that...
Although Schwarzenegger insists he will not raise taxes, in his speech, he requested $6.9 billion in aid from Washington. This would not be a bailout, he said, but a demand for fairness. "When President Clinton was in office, California got back 94 cents on the dollar from the Federal Government...
In the aftermath of the Christmas airline-bombing attempt, U.S. officials are anxiously trying to figure out what went wrong: Why was there a breakdown in communication among intelligence services that allowed the suspected attacker, Umar Farouk Abdulmutallab, to slip through the cracks? Were clues missed somewhere along the way...