(From The New York Times ) Frightened by the recession and the credit crisis that produced it, the nation’s mainstream economists are embracing public spending to repair the damage — even those who have long resisted a significant government role in a market system.
quarters of Banking Executives Said There’s A Need for Stronger Industry Regulation
UBS has made a profit of about $350m from selling its stake in Bank of China , as Switzerland’s biggest bank continues to repair the damage done to its balance sheet by the credit crisis.
Three cheers for the Pollyannas at Jet Republic, who either haven’t realised the world is in economic turmoil or simply don’t care. The private jet company – hardly the most recession-proof of sectors – has launched a Ski Card that promises to give clients “easy, hassle-free access to Europe’s finest ski resorts”. The only problem is their glittering new deal targets a dwindling bunch: those in …
The US is at a ???strategic inflection point,??? with the opportunity to re-assume global leadership on both diplomatic and economic fronts or to become mired in its own problems, losing influence, power and pride both at home and abroad. Andy Grove, the former CEO of Intel and author of the seminal business text Only The Paranoid Survive, provided us with this useful prism through which to view the environment currently facing the US. A strategic inflection point can be summarized as ??????a t
