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...they got taken and they are determined not to let it happen again," says a Hong Kong investment banker close to CIC. But that does not mean the Chinese aren't interested. CIC bought 9.9% of Morgan Stanley in December for $5.5 billion; last week Gao Xiqing, CIC's chief investment officer, was in New York for talks with Mack about expanding that stake. But buying 10% or more of the investment bank would have required a U.S. government review, a process that would be much easier for a private deal coming from a close U.S. ally than one coming...
...Prior to passage of the health care law in 2006, the Health Alliance was reimbursed by the state for the full cost of providing uncompensated services. But the hospital system is now only receiving 60 to 70 cents for each dollar of medical service provided, according to chief financial officer Gordon H. Boudrow...
...interview after the event, adding that the new politics would be “ground-up” and “based on communication.” Castellanos has served as a media consultant for seven presidential candidates. After advising the Bush campaign in 2004, Castellanos was the chief strategist for the presidential campaign of former Mass. Gov. Mitt Romney. He currently serves on the John McCain for President Ad Council. Carrie Sheffield, a first-year public policy student at the Harvard Kennedy School, said that she was impressed by Castellano’s broad range of knowledge...
...wooden faces that rarely crack a smile, much less choke up on national television as Wen did after the May earthquake in Sichuan province. But this week, even the ever patient Wen must be wishing that someone else could take up his role as Beijing's mollifier in chief. On Sept. 22, the 62-year-old said he felt "extremely guilty" about the poisoned milk products that have killed four babies and sickened tens of thousands, adding, "I sincerely apologize...
...weeks prior to the shooting, four suicide bombers killed 52 people on three Tube trains and a bus. Two weeks later, on July 21, four more men outfitted with explosives failed to detonate themselves on London's transit system. An internal memo leaked on Sunday from Sir Ian Blair, chief of London's Metropolitan Police Service, seems to shift potential blame from the police force to the unprecedented security fears. "We confidently believed that our systems of command, of surveillance and of firearms intervention were among the best in the world," he wrote. "However, they failed in response...