Daily News Channel
Capitalism has never been thought of as an Olympic sport before, so it is a little startling to look up and find that the flag under which the Games will be conducted all over Southern California next summer is the vest from a three-piece suit.
For Net-a-Porter, a London-based e-tailer of luxury-brand women’s wear, the Great Recession wasn’t even a speed bump. “We actually outperformed our own business plan
On May 4, 2000, Lucie Blackman, wearing high heels and a silver and black ensemble coordinated to match her Samsonite luggage, disembarked from a 13-hour Virgin Atlantic flight from London to Tokyo and stepped into Japan’s national nightmare.
You know the government’s broken when, in the face of tough fiscal times, the President freezes government spending but gives the military a pass. That’s because spending on the military and homeland security, following 9/11 and the launch of two wars in its wake, has become sacrosanct.
Ben Bernanke said on Monday that it was “extraordinarily urgent” that the US and Asia adopt policies that prevent a revival of global economic imbalances as the financial crisis ebbs. The Federal Reserve chairman warned that global imbalances — the big gaps between national saving, consumption and investment rates reflected in large trade deficits and surpluses — had helped cause the crisis and needed to be corrected.
The consensus by the G-20 ministers not to cut back on stimulus efforts yet will ensure that countries don’t revert to fiscal restraint too soon, U.S.
The International Monetary Fund’s chief economist described a "nascent" global recovery on Wednesday, but warned that US policymakers walked a tightrope in timing the end of the fiscal stimulus.
The Senate voted Tuesday to block expansion of one of the country’s most controversial and expensive defense programs, the F-22 fighter jet program. The vote gave the White House and Pentagon a key victory over congressional supporters of the F-22, many of whom represent states and districts where jobs are tied to the production of the jet.
Japan’s GDP fell 4 percent last quarter, the fastest pace on record, the government said on Wednesday. The January-March quarter for Japan was 15.4 percent lower than the same time period last year, according to figures released by the Cabinet Office.
In the Land of the Rising Sun, the fiscal year is setting in a sea of red. Electronics makers Hitachi and NEC Corp., and carmaker Nissan all ended the year with a loss