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...more manageable 7%. But China's policymakers may lack the monetary tools to engineer a soft landing, and the specter of a Chinese crash is contributing to fears that the global economic recovery-already under pressure from skyrocketing oil prices and rising interest rates-is in peril. Asian stock markets are throwing off storm warnings: on May 10, the region's bourses tumbled by as much as 5.7%, registering their steepest one-day declines since the Sept. 11 terrorist attacks, partly because of fears that a slowdown in China could damage regional economies...
...clear on Friday that the economic liberalization program overseen by Vajpayee was, in fact, launched over a decade ago by her husband, and her government would continue on the same track of opening India to the world economy. She may, of course, have been anxious to reassure India's stock market, which dropped to a four-year low on the news of her victory, but Congress is committed to a broadly similar economic program as the BJP had been. Commitment to economic liberalization may put a strain on relations with the socialist parties, suggesting that Gandhi's party may find...
There are worse role models than Buffett. But many find it disconcerting that the two classes of stock will allow the pair to sell most of the company if they choose to, yet retain voting control. The stock that Page and Brin keep will have 10 votes for every one that common shareholders get. Dual-class stock is rare, though it exists at companies like Dow Jones, Viacom and Buffett's Berkshire Hathaway. Although some of these stocks perform well, activists dislike the structure...
Method brought groovy design to the dreary world of home-cleaning products with dish-washing soaps in bottles designed by Karim Rashid. Now aesthetes cum cleaners can stock up on the company's almond-scented wood polish and stainless-steel cleaner. Like the smell but not the scrubbing? Look for Method's scented candles and room sprays at Target stores later this month...
...series of short-term targets is as pointless as a dieter stepping on a scale every half-hour." THE GOOGLE "OWNER'S MANUAL," a statement letter offered by Google founders Larry Page and Sergey Brin to potential investors, in advance of the company's initial public offering of stock...