After dinner one recent night, family an friends were discussing their views on global warming. With clarity and wisdom beyond her 15 years, my daughter said, “Dad, I’m scared and angry
California’s Global-Warming Solution
Tag Archives: markets
What Would Ayn Rand Have Done?
A great day for the United States of America?
Mikhail Gorbachev
In 1985, when the first rumblings of Gorbachev’s thunder disturbed the moldy Soviet silence, the holy fools on the street–the people who always gather at flea markets and around churches–predicted that the new Czar would rule seven years. They assured anyone interested in listening that Gorbachev was “foretold in the Bible,” that he was an apocalyptic figure: he had a mark on his forehead
Aldi: A Grocer for the Recession
Just past noon, Anna Chernova, a 68-year-old retiree, pushed her black metal shopping cart into an Aldi store here. After arriving from Russia 16 years ago, Chernova regularly shopped at conventional supermarkets like Dominick’s and Jewel, but no more
Japan Disaster Drives Oil Below $100
Oil prices dropped below $100 a barrel Monday after a massive earthquake and tsunami devastated northeastern Japan, denting demand for crude from the world’s third-largest economy.
Dubai Debt: Global Economic Recovery Still in Danger
As we reach the end of a miserable 2009, signs continue to mount across the globe that the world economy is stirring back to life. The U.S.
China’s ‘Most Dangerous Woman’ Gets a New Forum
The journalist Hu Shuli has often been called “the most dangerous woman in China.” And she may become even more so. As the pioneering editor of China’s most influential business magazine, she managed to publish groundbreaking stories on official ineptitude and financial malfeasance despite China’s tight control of the media.
Viewers still in Letterman’s corner
David Letterman may be under attack from some quarters after the revelations that he had sexual affairs with staffers, but he still has the support of a number of notables, as well as TV viewers.
IMF warns of further recession risks
Banks round the world have still to reveal about half of their likely losses resulting from the financial and economic crisis, the International Monetary Fund said on Wednesday, warning that there was still a “significant” risk of another downward lurch in the global recession. The IMF described credit risks as remaining “elevated” even though financial conditions have improved significantly since spring.
Economic summit comes year after financial meltdown
As the leaders of the world’s industrial powers gather this week in Pittsburgh, Pennsylvania, their economies are starting to emerge from the shadow of the worst financial downturn since the Great Depression. A year ago, global markets were in free fall as governments moved to prop them up, sometimes nationalizing financial institutions and automakers.