Word: yorke
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...building's 1.3 million square feet went empty, the city would still be comfortably ahead of the national rate of 13.6%. Figures from the local chamber of commerce hold that even without Wachovia's contribution, Charlotte will remain the nation's second largest banking center behind New York; $3.3 trillion in assets alone come from the combined Bank of America and its recent acquisition of Merrill Lynch...
...renminbi, is still basically controlled by the government. There are strict limits on how much Chinese citizens can legally invest abroad. There are trade barriers on what businesses foreign banks can go into inside China. And there are no derivatives markets. In an Oct. 21 speech in New York to a U.S.-Chinese business group, Treasury Secretary Henry Paulson all but pleaded with his counterparts in Beijing not to learn the wrong lessons from "the mistakes we have made," and to continue liberalizing their financial system...
...Well, mostly. There has been a rearguard action among conservatives - "market skeptics," is how one U.S. source describes them - to throw sand in the reform gears as the global carnage mounts. That, in part, explains Paulson's speech in New York. The conservatives have made some headway. Fan Gang, a liberal economist and adviser to the Ministry of Finance, says that any move towards derivatives trading on the Chinese exchanges is, at least for now, "probably on hold...
...With its new, free software upgrade, Sonos added 15,000 Internet radio stations as well as the music-discovery services Pandora and Last.fm. So now, I can listen to my old favorite radio station, WFUV, in New York, even though I live in California. I think stuff like this will go a long way toward saving old-fashioned radio stations...
...fruitless negotiations with Beijing as part of an attempt to gain some concessions for his homeland, the 15th Dalai Lama may have finally reached the end of his tether. "Mr. Patience has run out of patience," says Robbie Barnett, a professor of Tibetan studies at Columbia University in New York City. "It's really very serious indeed and a major disappointment, though not so much of a surprise. The Chinese must have know this was coming - some of the responsible officials in fact must be very pleased that they have managed to provoke this reaction. Now they can say that...