While Bernie Madoff languishes in jail, bankers continue to profit as the poor lose their homes and hope. Aljazeera Danny Schechter Thank you, Bernie, for breaking your silence – even if you are still clinging to that cover-up mode you adopted since you took the entirety of the blame for your crimes. What is...
Government regulators have begun the process to issue new rules to stop rampant oil speculation. However, the rulemaking process could take until July 2011 to complete. This may allow overzealous speculators to manipulate oil markets for eight more months. National gas prices have reached their highest levels since May – despite the fact that...
Waiting at home for installation or repairs can feel like a prison sentence — and costs U.S. businesses $13 billion per year Infoworld Nov 12, 2010 By Christina Tynan-wood The last time I needed an at-home service call, I thought, “Does this company think we’re living in the 1950s? Who can be at home...
This is a short video of a new Ford plant in Brazil . One look at this and you will be able to understand why there will probably never be another assembly plant built in the USA . It will also point out why more assembly plants will go offshore. You won’t doubt that...
The U.S. Agency for International Development is helping to arrange financing for small and medium alternative energy firms in China, an official said in an interview in Beijing.
Time – The Curious Capitalist August 13, 2010 Posted by Michael Schuman Looks like we’re headed for another, repetitive round of U.S.-China bickering over Chinese exports. The U.S. trade deficit with China in June rose to $26 billion, the widest gap in nearly two years. Meanwhile, the reform of China’s currency regime, announced by...
The New York Times June 16, 2010 Stephen Crowley WASHINGTON — The White House and BP tentatively agreed on Wednesday that the oil giant would create a $20 billion fund to pay claims for the worst oil spill in American history. The fund will be independently run by Kenneth Feinberg, the mediator who oversaw...
Washington, D.C., May 11, 2010 – Today, the U.S. Senate voted 62 to 37 against an amendment to allow greater transparency at the Federal Reserve. This amendment was introduced to counter a weaker amendment that would have required only a one time audit just of Fed emergency programs. The new amendment was similar to...
The Obama administration should support U.S. businesses that do the same. The Wall Street Journal March 24, 2010 By JOHN BOLTON Google’s decision to stop censoring searches on its China-based servers, rerouting search requests instead to its uncensored Hong Kong facilities, is historic. Google has shown itself unwilling simply to be on the receiving...
Asia Times Mar 18, 2010 By Peter J Brown For the first time in well over a decade, China has limited rising spending on defense to a less than double-digit increase. In early March, Beijing announced that the 2010 defense budget would total approximately 532 billion yuan (US$78 billion), with the 7.5% increase representing...
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