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Financial reform, like health care reform, is truly complex. It's hard to explain controversies over pre-emption or end users or proprietary trading; as another Wall Street lobbyist puts it, "Americans don't care whether Morgan Stanley keeps its prop desk." Obama knows he has little chance to transform...
While the Democrats at times seemed to be considering the exits, the Republicans in the crowd handled the event with a renewed sense of confidence. A few minutes before Obama arrived, Republican Representative Mike Pence, standing in Statuary Hall, explained that he had turned down a chance to run for...
You'll know when you've arrived by the number of American military aircraft lining the runway. Located 25 km north of the capital Bishkek, the U.S. air base at Manas - Kyrgyzstan's main airport - briefly hit international headlines after the Kyrgyz parliament, under pressure from Russia and China, voted...
Those who fret about overdevelopment in Bali will appreciate Alila Villas Uluwatu, alilahotels.com, on the island's Bukit Peninsula. The resort is the first in Indonesia to win Green Globe certification, denoting compliance with principles endorsed at the 1992 U.N. Rio Earth Summit. Only local materials are used. The planting...
But now China is facing the consequences of its largesse. Fears are rising that Beijing's easy-money policies have fueled a potential property-price bubble. According to government data, average real estate prices in Chinese cities jumped 7.8% in December from a year earlier - the fastest increase in 18...