We know a fair amount about South Africa’s new President as a man. Jacob Zuma has six wives and 19 children, and he has been tried for rape and corruption
Tag Archives: finance
Police: Death of Freddie Mac CFO may be suicide
The acting chief financial officer of mortgage finance giant Freddie Mac was found dead Wednesday morning at his home, police said.
Tesco posts $4.5 billion profits
British retail giant Tesco has announced pre-tax profits of £3.1 billion ($4.5 billion), up 10 percent from the previous year. Overall sales for the year were up by 13 percent to £59.4 billion ($86.55 billion) — taking sales to an incredible £1 billion ($1.45 billion) a week. Its performance abroad — particularly in Asia — was equally promising, as overall international sales grew by 11.9 percent
How the G-20 Succeeded And Why It Matters
One measure of a summit’s success is the number of participants who attempt to lay claim to its outcome.
The G-20’s Hidden Issue: A Global Trade Imbalance
No one asked President Barack Obama directly about the elephant in the room on Wednesday. But he brought it up anyway, during a joint press conference with British Prime Minister Gordon Brown
Facebook Takes a Dive: Why Social Networks Are Bad Businesses
The business of having online sites with content created by amateurs to be viewed by other amateurs never had a reasonable chance of making money. The fact that at one point Facebook had a $15 billion valuation, that Rupert Murdoch’s News Corp bought MySpace, and that Google bought YouTube only proves the “greater fool” theory. YouTube was started in 2005 and MySpace in 2003
More than 90,000 Web users ask Obama questions
In an appeal to the tech-savvy public, the White House’s Web site opened itself to questions for President Obama’s town hall meeting, which streamed online starting at 11:30 a.m. ET on Thursday
The AIG Backlash: Has Congress Flipped Out?
Barely a day goes by on Capitol Hill without some politician expressing a good measure of righteous indignation.
Bipartisan Senate Group Making Progress on Health Care
A bipartisan group of nine U.S. senators, after meeting for nine months behind closed doors, is nearing an agreement on the broad strokes of a health care reform bill
Talking with the Taliban: Obama Idea Draws Skepticism
Seeking alliances with more moderate Taliban elements against al-Qaeda is not a new idea in the Afghanistan-Pakistan context, but until now it is one that has typically drawn a skeptical response — from U.S. officials who have regularly cast doubt on the wisdom of Pakistan pursuing such agreements