The largest government bailout in U.S. history was born before dawn on Sept
A few weeks back, at an event to celebrate the role of women in finance, Treasury Secretary Timothy Geithner tried to get things started with a joke. He said he had recently come across a headline that asked, “What If Women Ran Wall Street?” “Now that’s an excellent question, but it’s kind of a low bar,” Geithner continued, deadpan amid rising laughter
A great day for the United States of America?
For Portugal, the news just gets worse and worse. Markets had been circling the debt-ridden, growth-resistant country since last summer, pushing up borrowing costs in anticipation of a default
AIG and U.S. Set Faster, Riskier Exit Path When Americans go to the polls for mid-term elections in November, the state of the financial system and the economy will be a big issue. The Troubled Asset Relief Program, set up amid the 2008 financial crisis to shore up the industry, expires on Sunday. Benmosche said […]
AIG and U.S. Set Faster, Riskier Exit Path American International Group Inc and the U.S. government agreed on Thursday agreed on a plan that would accelerate the payback of bailout money and could yield a profit for taxpayers but also increase their risk. The plan comes a little over two years after AIG was first […]
AIG Lays out Government Exit Path, but Risks Rise American International Group Inc laid out a plan on Thursday that sets the company on a path for an accelerated payback of taxpayer bailout money, but also increases the risk for the government. The plan, which comes a little over two years after AIG was rescued […]
Ireland Takes Over 2nd Bank as Bailout Bill Rises In a sweeping action meant to regain the confidence of jittery investors, the Irish government said Thursday that it expected to inject billions of additional euros into two of the country’s largest banks, underscoring the extent to which they continued to jeopardize Ireland’s economic condition. The […]
Huge, scary numbers are lurking everywhere these days: The massive federal bailout (now on the taxpayers’ tab)…the unemployment rate, which is now at a 26-year high…that daunting sum you are constantly told you will need if you want to retire comfortably…the six-figure mortgage balance you barely chip away at each month.
To offset carbon dioxide, a Japanese airline is asking its passengers to go to the toilet before boarding. The unusual request by All Nippon Airways (ANA) is part of its “e-Flight” promotional program to reduce the amount of carbon expelled on 38 domestic routes and its twice daily international flights to Singapore.