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Sarkozy's Quebec comments being twisted, French diplomat says
Seeded on Sun Oct 19, 2008 2:41 PM EDT (The Globe and Mail)
Sarkozy's Quebec comments being twisted, French diplomat says RHÉAL SÉGUIN AND LES PERREAUX Globe and Mail Update October 18, 2008 at 8:22 PM EDT
Behind the Scenes: Black and shopping in America
Seeded on Thu Jul 24, 2008 1:05 AM EDT (CNN)
"The three young women, all in their 20s and all black, ended up detained for shoplifting... We were racially profiled. It was as simple as that."
'Opium financed British rule in India'
Seeded on Mon Jun 23, 2008 12:47 AM EDT (BBC News)
"Leading Indian writer Amitav Ghosh's critically acclaimed new novel Sea of Poppies is set during a time when opium trade out of India was flourishing during British rule. "
A deadly gadget made in Canada
Seeded on Mon Jun 16, 2008 1:41 PM EDT (The Globe and Mail)
"Prosecutors in Britain have discussed the device at length, suggesting the finished product was to have been shipped to London.
Girl, 6, thrown on fire for being 'lowest class'
Seeded on Wed Apr 30, 2008 2:00 PM EDT (CNN)
"(CNN) -- A man, incensed that a 6-year-old girl chose to walk through a path reserved for upper caste villagers, pushed her into burning embers, police in north India said Wednesday. She was seriously burned."
Schools Flunk Finance
Seeded on Fri Feb 15, 2008 11:09 AM EST (Bloomberg.com)
"Education officials in Erie and Bethlehem, Pennsylvania, were soimpressed with the quantitative skills of JPMorgan and Morgan Stanley that they bought interest-rate swaps without ever knowing the price. "
Fiscal Mantra for McCain: Less Is More
Seeded on Fri Jan 25, 2008 11:02 PM EST (The New York Times)
"Senator John McCain said that, if elected, he would do what other presidents had tried but failed to do: cut government spending sharply enough to reduce the budget deficit while lowering taxes at the same time."
Computer Genius at Société Générale "equity derivatives house of the year,"
Fri Jan 25, 2008 12:43 AM EST
Monday's collapse in world markets was apparently caused by 'computer genius' Jérôme Kerviel a '31-year-old rogue trader' at Société Générale. This cause the Fed to react and cut by 75 basis points ahead of its meeting and avert an even larger drop in the US stock markets.
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Reinsurer of Reinsurer equals Bermuda Worth Nothing
Thu Jan 17, 2008 8:46 PM EST
From a marketwatch.com article : MBIA woes exacerbated by ChannelRe crisis News comes after reinsurers say Bermuda firm's investments are worthless By Alistair Barr, MarketWatch Last update: 5:52 p.m. EST Jan.
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Bond insurers back in the fire
Seeded on Thu Jan 17, 2008 1:09 PM EST (MarketWatch.com)
"Shares of Ambac and rival MBIA Inc. were down by 60% and 30%, respectively, in early trading. The news also roiled financials stocks since bond insurers guarantee debt held by some of the nation's largest banks."
Reinsurers say ChannelRe investments worthless
Seeded on Wed Jan 16, 2008 7:36 PM EST (MarketWatch.com)
"RenaissanceRe Holdings and PartnerRe Ltd.
Sound of a Real Estate Bubble Bursting
Tue Dec 25, 2007 4:44 PM EST
From today's NYTimes articles This Is the Sound of a Bubble Bursting , and Officials Falling Behind on Mortgage Fraud Cases its easier to comprehend BBC's article on subprime …
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Bell Labs Is Gone. Academia Steps In.
Seeded on Sun Dec 16, 2007 12:31 AM EST (The New York Times)
Bell Labs is gone. Bell labs gave the world the transistor, other labs such as Xerox parc also contributed many significant ideas. Without these breakthroughs much of the modern economy would be missing or decades behind.
Oil jumps $4 on Canada-U.S. pipeline explosion
Seeded on Thu Nov 29, 2007 4:44 AM EST (Reuters)
Accidental explosion cuts four pipelines knocking out 1.9 million barrels a day or one fifth of imported oil to US. Oil futures jump over four dollars.
Oil Producers See the World and Buy It Up
Seeded on Wed Nov 28, 2007 12:54 AM EST (The New York Times)
" tiny countries, but they have to place collectively over $5 billion a week from their oil revenues. It's not an easy thing to do." "petrodollar investments reached $3.4 trillion to $3.8 trillion at the end of 2006"
New Oil Crisis: An Engineer Shortage
Seeded on Fri Nov 23, 2007 12:00 AM EST (TIME)
"the supply of oil-and-gas professionals is stretched to the limit and can't keep pace with the long list of ambitious new projects planned for the next five years." Oil problems could get worse in the next five years.
Now, What's Bad for GMAC Is Bad for the U.S.A.
Seeded on Tue Nov 20, 2007 2:21 PM EST (Barron's Markets)
UP AND DOWN WALL STREET DAILY By RANDALL W. FORSYTH "THE BUSINESS OF AMERICA, Calvin Coolidge famously insisted, was business. But now, even Silent Cal would have to agree that's all changed. The business of America today is finance."
Tokyo Seeking a Top Niche in Global Finance
Seeded on Thu Nov 15, 2007 11:45 PM EST (The New York Times)
"Now, as Japan's focus on manufacturing wanes, economic planners here are trying to reverse engineer another source of the United States' economic strength: Wall Street." Japan is preparing to take on another American strength.
Ex-Saudi ambassador: Kingdom could have helped U.S. prevent 9/11
Seeded on Fri Nov 2, 2007 3:02 AM EDT (CNN)
"Bandar -- now Abdullah's national security adviser -- said Saudi intelligence was "actively following" most of the September 11, 2001, plotters "with precision."
Saudi prince: We were tailing most 9/11 plotters
Seeded on Fri Nov 2, 2007 2:42 AM EDT (CNN)
Former ambassador Prince Bandar bin Sultan claims Saudi Arabia could have helped the United States prevent al Qaeda's 2001 attacks.
Saudi prince: We were tailing most 9/11 plotters
Seeded on Fri Nov 2, 2007 2:32 AM EDT (CNN)
Former ambassador Prince Bandar bin Sultan claims Saudi Arabia could have helped the United States prevent al Qaeda's 2001 attacks.
Poll: Bin Laden tops Musharraf in Pakistan - CNN.com
Seeded on Tue Sep 11, 2007 11:40 PM EDT (CNN)
Pakistani President Pervez Musharraf -- a key U.S. ally -- is less popular in his own country than al Qaeda leader Osama bin Laden, according to a poll of Pakistanis conducted last month by an anti-terrorism organization.
In Dusty Archives, a Theory of Affluence
Seeded on Tue Aug 7, 2007 1:28 PM EDT (The New York Times)
"For thousands of years, most people on earth lived in abject poverty, first as hunters and gatherers, then as peasants or laborers. But with the Industrial Revolution, some societies traded this ancient poverty for amazing affluence. "
Qatari royals halt British flight
Seeded on Sat Jul 28, 2007 3:17 PM EDT (BBC News)
A British Airways flight was delayed for several hours after women members of the Qatari royal family objected to sitting next to men they did not know. ... Sheikh Badr then reportedly got up and walked to the pilot's cabin to complain.
Recent Votes
Currency a low priority in Obama's China visitIn his visit to Beijing this week, President Barack Obama is expected to tread lightly when pressing China to let its currency rise against the dollar.
- The Perfect Portfolio for 10,000 or 10,000,000 Dollars
Well my friends, we do live in interesting times, very interesting times. With China holding the largest share of US debt, inflation just around the corner, and no light at the end of the tunnel for the unemployed – these are interesting times.
- Al-Qaeda Calls for 'Holy War' Against China
Last week, a leading al-Qaeda figure called for a holy war against the People's Republic of China. Will extremists now begin attacking Chinese citizens and interests at home and around the world?
Family of balloon boy featured on `Wife Swap'
The family of a 6-year-old boy who set off a nationally televised scramble when he was thought to be in a balloon over Colorado has been featured twice in the ABC show "Wife Swap."
Obama junks Bush's European missile defense plan
President Barack Obama abruptly canceled a long-planned missile shield for Eastern Europe on Thursday, replacing a Bush-era project that was bitterly opposed by Russia with a plan he contended would better defend against a growing threat of Iranian missiles.
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