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Recent Featured ArticlesFeatured ArticlesDecember 12, 2008 Debt held by U.S. households shrinks for first time  Source: Los Angeles Times Economists don't know whether consumers are bringing down their debt voluntarily or whether it's being imposed on them through foreclosures or the denial of credit. December 12, 2008 Failure Is an Option as Senate Kills Auto Bailout Source: Barrons LEGISLATION TO PROVIDE $14 BILLION in short-term loans to the U.S. automobile industry failed in the Senate late Thursday, setting the stage for a possible default by one or more car makers and sending global stocks into a... December 11, 2008 CEO compensation up 7.5% in 2007 Source: CNN Money Corporate Library says stock options helped drive overall compensation for top executives higher. But the rate of increase is lowest since 2001.
December 11, 2008 Blunt Advice for Treasury on Progress of the Bailout Source: New York Times Congressional lawmakers gave the Treasury Department two pieces of advice on Wednesday about the nation’s financial rescue plan: First, follow the money. Second, fight more aggressively against the rising tide of home... December 11, 2008 Africans to Unlock $990 Million Global-Warming Fund at UN Talks Source: Bloomberg.com Poor countries at the United Nations climate-change talks may win approval to start using a $990 million fund to cope with the damage of global warming, their biggest victory in 11 days of debate.
December 10, 2008 Obama says climate change a matter of urgency Source: Reuters President-elect Barack Obama said on Tuesday attacking global climate change is a "matter of urgency" as he talked about the problem with former Vice President Al Gore, who won a Nobel Peace Prize for his work on the issue.
December 10, 2008 Congressional Oversight Panel Questions Bailout's Efficacy Source: Washington Post The congressional panel overseeing the $700 billion economic rescue plan wants to know what banks have done with their allotments, whether the public is getting a fair return on those investments and what the Treasury Department... December 9, 2008 Democrats and Bush Near Deal on Auto Bailout Source: New York Times Congressional Democrats and the Bush administration on Tuesday night were on the brink of an agreement on a taxpayer rescue of the American automobile industry, with a vote in the House expected as soon as Wednesday afternoon. December 9, 2008 SEC head says accounting rules must be neutral Source: Associated Press The government's top securities regulator said Monday accounting rules shouldn't be bent inappropriately as an allowance in a financial crisis, but indicated that constructive revisions could be made to improve them. Accounting... December 9, 2008 China ups efforts to rid food of illegal additives Source: Associated Press China is launching a four-month food safety campaign Wednesday that will include inspections of food makers to weed out illegal or excessive chemicals in food, in the country's latest move to restore trust hurt by a tainted milk... December 8, 2008 White House and Democrats push for auto bailout deal Source: Reuters The fate of the U.S. auto industry and millions of jobs are on the line as major players work out details on Tuesday of a plan to extend emergency loans to the Big Three automakers in exchange for tougher oversight.
December 8, 2008 US companies launch ethical standards push Source: Financial Times - UK Some of the largest companies in the US, including General Electric, Wal-Mart and PepsiCo, were expected on Monday to launch a drive to improve ethical standards in business in an attempt to stem the decline in corporate... December 8, 2008 Senate returns to auto bailout talks Source: Reuters The U.S. Senate was due to reconvene on Monday as White House and Democratic congressional negotiators sought to draft legislation to bailout the U.S. auto industry and stem a deepening of the U.S. recession. December 8, 2008 Obama expects the economy to worsen Source: Los Angeles Times But the president-elect tempers the dire assessment with a dose of optimism: 'We can emerge leaner, meaner and . . . more prosperous.'
December 7, 2008 China prepares blacklist of dangerous food additives Source: International Herald Tribune As China continues to try to repair the reputation of its damaged food and dairy industries, the Ministry of Health is preparing a blacklist of dangerous food additives, "especially toxic or harmful substances, which are likely... December 6, 2008 Dems, White House Agree To Auto Bailout Source: CBS News After weeks of tense discussions with the heads of the U.S. auto industry, Democratic Congressional leaders have reached an agreement that may just clear the way for the Big Three to get the money they need to survive ... for now. December 6, 2008 Climate Change Reduction or ‘Green Global Welfare’? Source: New York Times The idea seems simple enough. The rich world would pay the poor world to save a type of natural commodity from which we all benefit – trees. December 5, 2008 Danger From Chinese Milk Very Real, Says U.S. Scientist Source: The Epoch Times - NY A food safety expert is warning that contaminated infant formula could be damaging American babies, and that the US Food and Drug Administration is not doing enough.
December 5, 2008 Carmakers, senators discuss aid conditions Source: Detroit Free Press Key senators told Detroit automakers today they were willing to consider granting a portion of the $34 billion they were seeking for survival in return for strict conditions and proof by March 31 on progress in reworking the... December 5, 2008 The Conference Board Governance Center Issues Recommendations To Corporate Boards on Overseeing Risk Management and Executive Compensation -- Suggests Better Risk Oversight and Stronger Links Between Pay and Performance Source: The Conference Board Governance Center The Conference Board Governance Center issued today the first in its new series of reports on the oversight role of the board of directors in the current economic crisis. December 4, 2008 Greenhouse gas emissions increase in US Source: Associated Press The amount of U.S. greenhouse gases flowing into the atmosphere, mainly carbon dioxide from burning fossil fuels, increased last year by 1.4 percent after a decline in 2006, the Energy Department reported Wednesday.
December 4, 2008 Fed paints dreary economic picture Source: CNN Money Economic conditions deteriorated further across the nation, according to the Federal Reserve's latest snapshot, suggesting the U.S. central bank may continue to lower interest rates in the near future.
December 4, 2008 COUNCIL OF INSTITUTIONAL INVESTORS ISSUES STATEMENT ON EXECUTIVE PAY Source: The Council of Institutional Investors (CII) Washington, DC--The global financial crisis has rightly put executive compensation under a microscope. Poorly structured pay packages encouraged the get-rich-quick mentality and overly risky behavior that helped fuel the... December 3, 2008 Compensation Committees Adjusting CEO Pay Programs Prior to Financial Crisis, Watson Wyatt Survey Finds Source: CNN Money Compensation committees at U.S. companies had been making significant adjustments to how they compensate their chief executives even prior to the recent financial crisis, according to an annual study by Watson Wyatt, a leading... December 3, 2008 Auditors Urge Treasury to Add Bailout Controls Source: New York Times Government auditors urged the Treasury Department on Tuesday to act more quickly to develop the internal controls and hire the professional staff necessary to ensure that its $700 billion financial rescue package is operating... |
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