Of all the things that have changed in China over the past 30 years, transportation has undergone one of the most obvious of transformations. Where city streets once swarmed with bicycles, they are now full of automobiles
Regulators: Wall Street reform at risk Congressional Republicans intent on major investing cuts are on the collision program with Wall Street’s leading regulators over a strategy to slash millions from agency budgets. Lawmakers are targeting the Commodity Futures Buying and selling Commission and also the Securities and Trade Commission. The work of both companies is […]
Google Shuts China Site in Dispute Over Censorship Just over two months after threatening to leave China because of censorship and intrusions by Chinese hackers, Google said Monday that it was closing its China-based Internet search service and instead directing Chinese users to a Hong Kong-based uncensored version of its search engine, which may get […]
The way to make $100 million dollars on Wall Street, so the old joke goes, is to start with $200 million. Or you could trade oil
The expletive-laden rant Treasury Secretary Tim Geithner unleashed during a closed meeting with regulators on Friday, July 31, has players in Washington and on Wall Street wondering one thing: What got the usually mild-mannered Geithner so incensed? Establishing a new regulatory framework for the financial markets is not the kind of politically charged, life-or-death issue that should drive a normally discreet Cabinet member to go on a blue streak in front of dozens of officials. But Geithner and the Obama Administration have more at stake in getting reform pushed through Congress by the end of the year than it may seem.