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October
29
Are you furious? If not, you should be. The giant financial institutions that make up Wall Street have been bailed out, thanks to trillions of dollars of our money, and are on track to hand out record-breaking multibillion-dollar bonuses while millions of regular folks are hurting. Even outside the gilded halls of Wall Street, there's no shortage of good cheer: many economists say the Great Recession has ended, and Federal Reserve Chairman Ben Bernanke keeps seeing "green shoots" in ...
October
29
On the surface, the line of two-room dwellings on a dusty street in west Delhi appears little different from thousands of other roads in
India's crowded capital. The paint flakes off buildings' walls and the grass grows in parks
that haven't been mowed in months. Kids play cricket in the street, fruit and
vegetable sellers push their wooden carts through narrow lanes and
women busy themselves with housework and cooking. What sets this
impoverished community apart is one ...
October
27
Once upon a time royals and elites had to don elaborate disguises to mingle with their people. Now they have Twitter. Bruni's site, in a typically tongue-in-cheek style that has been criticized by some as pretentious, writes: "Three weeks after NATO, the Sarkozy couple's visit to Spain is once more an opportunity to compare the styles of First Ladies. As with Michelle Obama, it is a beauty contest between Princess Letizia, a former star journalist, and Carla Bruni-Sarkozy, ex-top model. ...
October
27
Iraqi officials on Tuesday released security camera video of two weekend bombings that killed at least 155 people -- the deadliest attacks in the capital in more than two years. Bruni's site, in a typically tongue-in-cheek style that has been criticized by some as pretentious, writes: "Three weeks after NATO, the Sarkozy couple's visit to Spain is once more an opportunity to compare the styles of First Ladies. As with Michelle Obama, it is a beauty contest between Princess Letizia, ...
October
27
Seeing lightness and color are the simplest sensations the brain has. And yet even at this most basic level we never see the light that falls onto our eyes (called the retinal image) or even the real-world source of that image. Bruni's site, in a typically tongue-in-cheek style that has been criticized by some as pretentious, writes: "Three weeks after NATO, the Sarkozy couple's visit to Spain is once more an opportunity to compare the styles of First Ladies. As ...
October
27
Sitting on an iron bench along a busy street, Chaman Lal sticks his fingers into a mug full of a greasy concoction and then applies the dark-red brew to areas where his patients complain of pain.The period of her cooperation, from 1961 to 1969, included the Cuban Missile Crisis, which changed the way the Cold War was being waged. To resolve the crisis, the Soviet Union agreed to dismantle the missiles it had placed in Cuba in exchange for assurances ...
October
21
Bank of England Governor Mervyn King this week launched a scathing attack on Britain's banking sector, calling for a break-up of behemoth financial institutions that have taken billions of public money to stay afloat. King says Britain's Main Street banks should be separated from their risky investment arms to dissolve a culture in which some banks can fall back on the knowledge that they are "too important to fail" and thus can keep gambling with vast amounts of public cash. ...
October
21
King says Britain's Main Street banks should be separated from their risky investment arms to dissolve a culture in which some banks can fall back on the knowledge that they are "too important to fail" and thus can keep gambling with vast amounts of public cash. The governor's comments come as leading financial houses -- including recipients of taxpayer-funded bailouts -- prepare to pay out large bonuses, angering many who fear this signals a return to pre-economic crisis rewards ...
October
20
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.
In early October, Citigroup sold its commodities-trading division Phibro to energy company Occidental Petroleum. Citi was motivated to dispose of the unit because of pressure from regulators to curtail the pay of Phibro's top trader Andrew Hall, who made $100 million last year, and reportedly has a contract that would award him ...
October
16
Afghan women have seen their status rise and fall repeatedly over the past three decades, attaining a measure of equality in the early 1990s before the strictly Islamic Taliban muscled their way to power and forced women to again wear the burqa and stay out of school. The U.S. bombardment of Afghanistan in 2001 drove the Taliban from the halls of power, again lifting women to a better place. But now, a leading female member of the Afghan parliament says, ...
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