Word: tradings
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...institutional fossil collections China. And though China's vast land mass means there are probably still plenty of valuable and legitimate fossils out there, China's fossil rush might already be a thing of the past. In 2002, the government tightened its cultural-relics law to ban private fossil-trading, drying up both legal and black-market trade...
...total for Microsoft and Cisco with some to spare. As a group, Exxon, BP (BP), and Conoco (COP) have not done well during the rally. The simpleton's answer as to why that is true is that the price of oil is too low and that oil stocks trade with the price of oil. Since oil firms have complex structures that combine sales from exploration and refining, not every company in the sector is created equal. That point aside, oil stocks did remarkably well when crude was $147 last July...
...effect of this, officials say, has been to discourage talented people from seeking government jobs. What rankles some in the Administration is the fact that even mistakes that are relatively small and by all appearances inadvertent - such as U.S. Trade Representative Ron Kirk's failure to count as income speaking fees that he subsequently donated to charity - are being made public. "This is a new procedure on [the Senate's] part," complains one official, "and it has created an incredible anxiety on tax issues." Adds a prominent tax attorney who has experience in the confirmation process: "In the past...
...little time "to change the world" - Merkel's stated ambition for the G-20 meeting - what concrete proposals are likely to be agreed? Officials confidently predict that there will be progress in reforming resources for financial institutions. In particular, they expect more than $100 billion in support for trade finance to be agreed, along with a doubling of resources for the IMF. Japan and the EU have already promised additional funds and more countries are expected to pledge additional money during the afternoon. The details on financial regulation are still being discussed but a 7-page addendum to the communique...
...stricken countries in the developing world - as well as others, like Mexico, who are nervous that their economy could be swept up in the global turmoil through no fault of their own. The leaders also agreed to provide an additional $250 billion in guarantees for export credits and other trade finance, which have dried up in the past few months and led to a drastic drop in global commerce. The size of these packages, plus agreement on new credit facilities from the World Bank and other multilateral lending agencies, was warmly welcomed by representatives from developing countries - including India, whose...