Daily News Channel
As the leaders of the world’s industrial powers gather this week in Pittsburgh, Pennsylvania, their economies are starting to emerge from the shadow of the worst financial downturn since the Great Depression. A year ago, global markets were in free fall as governments moved to prop them up, sometimes nationalizing financial institutions and automakers.
Actor Edward Norton already wanted to be in better shape for his 40th birthday than he was on his 30th when the idea hit — why not join members of an African tribe famous for its runners and run the New York marathon? Before he knew it, the star of “The Incredible Hulk” and “Fight Club” had signed on to the effort, despite never having run a marathon before.
Humankind doesn’t have a great track record when it comes to cleaning up environmental messes, but there was one time we really outdid ourselves. That was back in 1989, when over 190 nations signed the Montreal Protocol, phasing out the use of chlorofluorocarbons
Don’t look now, but they’re all around you. They’re standing by the copy machine, hovering by the printer, and answering the phone. Yes, they’re the overworked, underappreciated interns: young, eager, and not always paid.
U.S. President Barack Obama is trying to reform American health care, and it may be weakening the pulse of his presidency. “We always knew that passing health care reform wouldn’t be easy,” he said this week
In his first week as president and chief executive officer of General Motors, Fritz Henderson expressed optimism that he can steer the company out of the economic rut in which it has stalled.
Management at AIG has calculated exactly how much money the Treasury and Fed will have access to after all of the TARP, financial stimulus, and mortgage bailout projects have been funded. The insurance company then plans to ask for whatever is left to fund its deficits so that it can stay in business, effectively making the federal government insolvent. According to CNBC, AIG is about to post another huge loss.