Word: speakes
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...recently put it to Johannesburg weekly the Financial Mail: "If you were a doctor and your patient had major cardiovascular and lung problems, prescribing an aspirin ... might make him feel better, but would it solve the problem?" At the G-20, the developing world will look to Manuel to speak for them, as he often does. The humbled leaders of rich nations are likely to listen. "There's not a single finance minister in the rich world today that will not take a call from Trevor Manuel," says Pippa Green, author of the Manuel biography Choice, Not Fate...
...When they've exhausted themselves, speak slowly and calmly about the bigger picture It's key to remind folks, as New York Times columnist David Brooks put it, to focus their attention on the ravenous "tiger ... lunging at your neck" - i.e., the tanking world economy - instead of the "dust bunnies under the bed," the AIG bonuses. Geithner employed this tactic Tuesday: "AIG highlights very broad failures of our financial system," Geithner told the House panel Tuesday. "Our regulatory system was not equipped to prevent the buildup of dangerous levels of risks. Compensation practice rewarded short-term profits over long-term...
...issue of Obama's greatest public-relations bungle to date - the delayed response to news of impending bonuses at the insurance giant AIG - Obama made it clear he was not interested in discussing the matter at length. "I like to know what I'm talking about before I speak," he said, explaining the delay in making the information public and expressing outrage. Then he moved on while the reporter, CNN's Ed Henry, tried without success to get him to elaborate. (Read "The AIG Backlash: Has Congress Flipped...
...requires oversight throughout the justice system, something that appears to have been sorely lacking in Pennsylvania. No one has accused prosecutors of being part of the scheme, but many observers argue that they were in a position where they should have known of the problem but chose not to speak out. Instead, it took the work of the Philadelphia-based Juvenile Law Center to uncover the abuses. After discovering that more than 50% of kids in Luzerne County Juvenile Court had been without legal counsel, the organization in April 2008 petitioned the Pennsylvania supreme court to step...
...moment, the currency markets are an ugly contest," says Thomas. "Pretty much everywhere looks not great." Moreover, he says, while Switzerland boasts a powerful banking sector with experience of taking in floods of cash, "Norway doesn't have that financial infrastructure. And there's no bond market to speak of." That means that while "it's a nice currency to be invested in, from a practical perspective, of someone who has a huge pot of money and wants a safe haven, they just couldn't put it all in Norway," according to Thomas. "The economy...