Daily News Channel
Author Kurt Andersen’s new book, Reset: How This Crisis Can Restore Our Values and Renew America, examines the economic, political and cultural opportunities to be found in the wake of the financial crises. In this excerpt, the second of five pieces to appear on TIME.com, he examines the corporate ingenuity that often arises in the wake of fiscal disaster. If you want to feel encouraged about our economic near future — not this damned decade but the teens — go talk to some venture capitalists
Things can’t get much worse for many of the world’s top luxury brands.
Banking group HSBC has seen its pre-tax profits slump by 51 percent for the first six months of 2009, tumbling to $5 billion compared to $10.2 billion for the same period a year ago. Meanwhile, total operating income for the half-year fell six percent to $40.2 billion, from $42.9 billion a year ago.
Kenneth Feinberg, the Washington lawyer who had the thankless job of figuring out how to compensate victims of the Sept.
About 40 minutes into Chris Christie’s talk July 27 at the Bethel United Methodist Church in Pennsauken, N.J., he got the question. The Republican candidate for governor is a former U.S. Attorney who made his name prosecuting corrupt Garden State politicians — 140 of them in seven years
For decades, foreign universities have been an integral part of India’s higher education.
Dr. Conrad Murray was suffering financially with nearly $435,000 in judgments and liens against him over the past two years, according to court documents.
With their budgets teetering on bankruptcy, states are digging deep to find creative ways to ease their financial woes. Although fiscal year 2009 was grim for states, observers predict that 2010 will be even worse.
Former vice presidential candidate Sarah Palin gave her final speech as Alaska’s governor Sunday before stepping down from her post, telling a Fairbanks crowd that she is resigning "to chart a new course to advance the state." “Now people who know me, they know how much I love this state … I feel it is my duty to avoid the unproductive, typical, politics-as-usual, lame-duck session in one’s last year in office,” Palin said, just moments before Lt.
Authorities will investigate an Illinois cemetery after a bone found on the ground there was determined to be human, a sheriff’s spokesman said Saturday. Supporters displayed signs, including “Palin 2012” and “Palin, you’re as great as Alaska.” The few dissenters in the crowd said they wanted to come down and see what the hoopla was about. Palin and Lt