Word: moneys
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...local restaurants were not the only businesses to raise money for Haiti. The José Mateo Ballet Theatre held “Dance for World Community: a benefit for earthquake relief in Haiti” last Saturday, raising $8,000 for the Haiti Fund at the Boston Foundation, which will match that amount for a total...
...remarkable thing happened in New York recently: the state legislature, in effect, turned down the chance to win $700 million in federal money. No one does that, except extremely conservative Southern governors (who inevitably relent and take the money) - oh, and occasionally teachers' unions. A few years ago, I wrote here about the Detroit union that forced the local government to reject a $200 million philanthropic gift to build 15 charter schools using a model that was already succeeding in the city. And now we have New York's United Federation of Teachers (UFT), a storied crew, thwarting the state...
...Allergic to Populism Shortly after Obama unveiled a $117 billion plan to tax the riskier liabilities of larger financial firms, Geithner hosted a dinner for bankers. A few of them grumbled about Big Government, class warfare and the unfairness of scapegoating financial institutions that already repaid their bailout money while GM and Chrysler keep hemorrhaging taxpayer cash. But one midsize-bank CEO suggested the tax was a reasonable surcharge on too-big-to-fail conglomerates that benefit from an implicit guarantee of federal help in a crisis. "If I fail, the FDIC shuts me down," he said. Then he gestured...
...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 months. The credit boom has also sparked worries about the nation's banking system. Many economists expect the large surge in credit to lead to a growing number of nonperforming loans (NPLs). In a November report, UBS economist Wang Tao calculates that if 20% of all new lending...
...2000s aimed at discrediting Sarkozy - then a popular minister who shared de Villepin's ambition to succeed President Jacques Chirac. Sarkozy's lawyers argued that de Villepin sought to exploit a fake list of French notables, including Sarkozy, who allegedly held secret bank accounts containing illegal kickback money. (See pictures of Sarkozy...