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Chase and Goldman's efforts to rewrite history, and act as though they did not benefit from government help is wrong and dangerous says the Economist. Its dangerous because it sends the message that any resoultion of toxic assets on banks books is unnecessary, and these banks should be treated differently when it comes to setting new prudent bank regulations, including setting regulation for incentives that do not support excessive risk taking and leveraging. A change in the economic climate for the worse could make this a dangerous complaceny.
Linked Articles
New York Times 03/06/2009
Thanks, for nothingEconomist 06/11/2009
The limits to litigation risk for vaccines is one reason for the attractiveness and growing investment in the vaccines development. Its also what Pfizer hopes to develop with the Wyeth acquisition for $68 billion.
Linked Articles
Wall Street Journal 02/23/2009
Pfizer Agrees to Pay $68 Billion for Rival WyethNew York Times 01/26/2009
Pearson has shifted out of dependence on adspending for revenues by reducing ads as apercentage of revenues at Financial Times to 30% from 50%. Its textbook and Penguin books cushions it further from big declines in ad spending. The New York TImes has no such businesses and ad spending dominates. Its burdened by overborrowing and debt coming due and not enough controls on spending.
Linked Articles
Pearson Expects Strong 2008 Earnings
Wall Street Journal 01/20/2009
Billionaire Reaches Deal On Funding For Times Co.Wall Street Journal 01/20/2009
Linked Articles
Kaplan Division Weighs on Washington Post
Wall Street Journal 05/07/2012
Pearson Expects Strong 2008 EarningsWall Street Journal 01/20/2009
Avoiding wasteful spending, including tax cuts, evaluating projects carefully are ways the Obama stimulus is trying to calibrate the plan for ways to help the middle class an unemployment without risks of overborrowing and overspending in wasteful ways.
Linked Articles
Government Spending Is No Free Lunch
Wall Street Journal 01/22/2009
For Stimulus Plan, Obama Team Weighing 'Green' Jobs vs. Traditional ProjectsWashington Post 12/24/2008
After some fumbling in the bank run on Northern Rock, Gordon Brown and Alistair Darling come up with what the Wall Street Journal calls "A Plan at Last," as if heaving a sigh of relief after Paulson and Bernanke's own fumbling with troubled assets program.
Linked Articles
U.K. Chiefs Repair Image With Bailout
Wall Street Journal 10/14/2008
A Plan -- at LastWall Street Journal 10/09/2008
Linked Articles
Finances Frail, Le Monde Contemplates the Unthinkable
New York Times 04/21/2008
Billionaire Reaches Deal On Funding For Times Co.Wall Street Journal 01/20/2009
China's new prime minister in 2013 is from the Class of 1977, when there was a huge burst of energy as students looked with great excitement to gaining knowledge after a decade when learning and books were suppressed.
Linked Articles
1977 Exam Opened Escape Route Into China’s Elite
New York Times 01/06/2008
Next Premier Came of Age in Era of OpennessWall Street Journal 11/16/2012
Drug companies come under intense scrutiny with a chairperson of a House Committe with FDA funding oversight comparing the drug industry to the tobacco industry. Scrutiny from medical journals, congress, the media and public of controversial pricing practices, advertising, and presentation of internal study findings.
Linked Articles
Drug Companies Face Political, Scientific Attacks
Wall Street Journal 01/23/2008
Journalistic MalpracticeWall Street Journal 05/29/2007
Linked Articles
India's Lower House Passes Food Bill to Help Poor
Wall Street Journal 08/26/2013
Poverty in Latin AmericaEconomist 09/15/2005
Republicans in the House, with every single one voting against the Stimulus bill, have derided government spending as wasteful and unnecessary. The impact on the deficit makes it look sensible. However on closer examination Robert Frank, a Cornell economist, points out that in some situtations like this government spending can be not wasteful but productive and efficient, and necessary.
Linked Articles
Go Ahead and Save. Let the Government Spend.
New York Times 02/15/2009
In Gingrich Mold, a New Voice for Solid Resistance in G.O.P.New York Times 02/15/2009
Government spending that can have amultiplier effect, reduce social costs and not lead to crowding out of private investment. The pardox of thrift in economic downturns and the role of government spending and private savings in a situation like what the USA faces in 2009 and coming years.
Linked Articles
Government Spending Is No Free Lunch
Wall Street Journal 01/22/2009
Go Ahead and Save. Let the Government Spend.New York Times 02/15/2009
Linked Articles
The Timesâs Online Pay Model Was Years in the Making
New York Times 03/20/2011
Pearson Expects Strong 2008 EarningsWall Street Journal 01/20/2009
About $300 billion of an estimated $800 billion stimulus spending plan by the Obama administration will be for tax cuts to individuals and businesses. There will be incentives for businesses to make net new hires and make new investments. The idea is to avoid wasteful spending if there is only spending on infrastructure and other spending.
Linked Articles
Obama Eyes $300 Billion Tax Cut
Wall Street Journal 01/05/2009
Government Spending Is No Free LunchWall Street Journal 01/22/2009
Le Clezio looka at Nigeria during the British colonial period in "Onitsha." Onitsha is the second largest city in Nigeria after Lagos. Achebe offers a hometown writer's verson of Nigeria during the hopeful period after independence in the sixties and the struggles and strife of the decades following this.
Linked Articles
French Writer Wins Nobel Prize
New York Times 10/10/2008
Chinua Achebe, Famed Nigerian Writer, DiesWall Street Journal 03/22/2013
Linked Articles
Wall Street Journal 04/25/2008
Boeing Replaces 787 ChiefWall Street Journal 02/25/2012
The overheating of lithium ion batteries is why it has taken so long to come up with mass market electric cars or hybrids using lithium ion batteries. Daimler's Zetsche says his company is the first to put a car on the market with litium ion battery in its S400 in late 2008 and it has developed a sophisticated cooling system in the car for this.
Linked Articles
At Daimler, Sales Follow the World’s Oil Riches
New York Times 05/10/2008
Race to Make Electric Cars Stalled by Battery ProblemsWall Street Journal 01/11/2008
Boeing's efforts to tackle these problems with older veteran engineers putting in their expertise.
Linked Articles
Boeing Brings in Old Hands, Gets an Earful
Wall Street Journal 07/19/2010
Boeing, in Embarrassing Setback, Says 787 Dreamliner Will Be DelayedWall Street Journal 10/11/2007
In 2006 as in 2012 the world faces tight supplies and a confrontation with Iran over its nuclear program.
Linked Articles
Fears of a 2008 Repeat for Oil
Wall Street Journal 03/18/2012
Trading Frenzy Adding to Rise in Price of OilNew York Times 04/29/2006
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