Word: weekes
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...walked by Quincy Yard this past week, you might have noticed an arm chair, a footstool, and a television set sitting under a tree...
President Obama's new proposals to crack down on Wall Street - first the new tax on big banks last week, then Thursday's new restrictions on big banks - signal a somewhat new approach to financial reform. But they also signal a very new approach to politics and governing: more populist, more confrontational, less deferential to Congress, less eager for common ground. His uncharacteristically blunt message to financial giants and their political defenders said it all: "If these folks want a fight, it's a fight I'm ready to have...
...proprietary trading by commercial banks as "the Volcker rule." Other White House economic aides have also chafed at the influence of Geithner and Summers; one of them recently told me that if I wanted to understand financial reform, I should talk to MIT's Simon Johnson, who until last week was trashing the Administration's reforms as a cave-in to Wall Street. (See 10 things that have and haven't changed during Obama's first year...
...TIME's Pictures of the Week...
...research analyst Mark Matthews of Macquarie Securities. Low-grade electronics manufacturers in Thailand and Malaysia also stand to be beneficiaries. "These two markets are well positioned to take China's place at the lower end of the production network," says HSBC's Wong. (See the best pictures of the week...