If early last September you’d parked outside Lehman Brothers’ Manhattan headquarters with a cell-phone scanner and listened only to some of the “chatter” coming out of Lehman’s front office, you almost certainly would have realized that Lehman was going under. But to understand the wider consequences, how capitalism was about to do a somersault into the watery abyss, you would have needed to understand how Lehman fit into the global financial system
Tag Archives: country
Brown: U.S., Britain to tackle world’s problems
Should hunters switch to ‘green’ bullets?
Three years ago, Phillip Loughlin made a choice he knew would brand him as an outsider with many of his fellow hunters: He decided to shoot “green” bullets. “It made sense,” Loughlin said of his switch to more environmentally friendly ammo, which doesn’t contain lead. “I believe that we need to do a little bit to take care of the rest of the habitat and the environment — not just what we want to shoot out of it.” Lead, a toxic metal that can lower the IQs of children, is the essential element in most ammunition on the market today
Geithner Tries to Resell the Bank Plan and Himself
It’s ugly, but it’s true: when a Washington power player looks set to fall, the capital drools. So Treasury Secretary Timothy Geithner found himself the object of intense interest when he came before the House Ways and Means committee to testify Tuesday. It was his first major public appearance since his less than inspiring rollout Feb.
Ex-ICC chief: Future bleak for Pakistan cricket
It will be years before international cricket can be played again in Pakistan following the brazen attack on the Sri Lankan team in Lahore, the former chief of cricket’s world governing body said Wednesday. Ehsan Mani, who was president of the International Cricket Council (ICC) from 2003 to 2006, also said the attack puts plans for the the 2011 World Cup — scheduled to be played in Pakistan, Sri Lanka and two other countries in the South Asia region — in doubt. Pakistani Mani, who served for seven years on his country’s national cricket board before taking over at the ICC, said Tuesday’s attack poses a “huge threat” to the subcontinent’s most favored sport
Armed men storm Ukraine gas HQ
Arrests made in hunt for Sri Lanka cricket attack gunmen
Democrats’ ‘apology’ Web site mocks Limbaugh
Democrats plan to launch a Web site Wednesday that mocks GOP leaders for apologizing to radio host Rush Limbaugh for criticizing or publicly disagreeing with him. The Democratic Congressional Campaign Committee is hosting the Web site, which allows visitors to create an apology to Limbaugh on behalf of Rep
Despite Snow and Irony a Climate Protest Persists
Correction Appended: March 3, 2009 The call rang out through Washington early on the morning of March 2: the biggest act of civil disobedience against global warming in American history would not, in fact, be snowed out. Environmental groups, led by Greenpeace and the Rainforest Action Network, had enlisted eco-celebrities such as Robert Kennedy Jr
Marines sack 4 over deadly California plane crash
Deferred maintenance, faulty decisions by controllers and the pilot of a fighter jet contributed to an aircraft’s fatal crash into a San Diego, California, neighborhood in December, the Marine Corps announced Tuesday. The commander of the fighter squadron involved in the crash, its top maintenance officer and two others have been relieved of duty as a result of the crash investigation.