The environmental group Greenpeace has accused one of the world’s largest pulp, paper and palm oil companies of aggressively clearing Indonesian rain forests
and throwing into doubt a landmark billion-dollar deal that aims to fight climate change by curbing deforestation.
In a report released Monday, Greenpeace accused a subsidiary of the Indonesian family conglomerate Sinar Mas
08 July 2010. By David Caploe PhD, Editor-in-Chief, EconomyWatch.com
I – Saving AIG ???
When the government began rescuing A.I.G. from collapse
in the fall of 2008 with what has become a $182 billion lifeline,
it was required to forfeit its right to sue several banks —
including Goldman, Société Générale, Deutsche Bank and Merrill Lynch —
After the math department at the University of Texas noticed some of its Dell computers failing, Dell examined the machines.
The company came up with an unusual reason for the computers’ demise:
the school had overtaxed the machines by making them perform difficult math calculations.
Dell, however, had actually sent the university, in its own hometown of Austin,
desktop PCs riddled with faulty electrical components that were leaking chemicals and causing the malfunctions.
On this July 4th weekend, we wonder:
Who will pay for the massive Gulf of Mexico oil spill, now the largest environmental disaster in American history?
For now, BP appears to be the deep-pocketed party footing many of the bills, including setting up a $20 billion fund to compensate victims of the spill.
But the legal endgame of sorting out the final tab among the companies that owned the well and worked on the Deepwater Horizon rig has also begun.
In a major move that indicates corporate Japan is starting to think about global strategy as a way to overcome the stagnation that has afflicted domestic markets for the past 20 years,
Fast Retailing, Japan’s largest clothing chain operator, will ask executives in offices both at home and around the world to conduct meetings and write documents in English.
1 July 2010.
Only on Wall Street, in the rarefied realm of buyout moguls, could you actually have too much money.
Private equity firms, where corporate takeovers are planned and plotted, today sit atop an estimated $500 billion.
But the deal makers are desperate to find deals worth doing, and the clock is ticking.
Public pension funds, university endowments, insurance companies and other institutions
have pledged to invest many billions with them —
It’s not really funny, but the pathetic in-ability / un-willingness of the Democrats
to counter the power of the TBTF banks & their Congressional running dogs IS becoming ever more clearly what we called it:
a total farce.
The Senate will not be able to complete legislation to overhaul the nation’s financial regulatory system this week, the majority leader, Harry Reid of Nevada, said on Wednesday,
Congressional negotiators briefly reopened the conference proceedings on a sweeping financial regulatory bill on Tuesday
after Senate Republicans who had supported an earlier version of the measure threatened to block final approval
unless Democrats removed a proposed tax on big banks and hedge funds.
The need to reopen negotiations was deeply embarrassing for Democrats and represented a price they had paid for rushing to complete the legislation at the request of President Obama.
Quantitative funds, or “quants,” are the “black boxes” of investing —
portfolios run by managers who generally try to generate profit with computer algorithms that they don’t share with outsiders, or even their own investors.
When you put your money into one of them, you are trusting not only that the overall strategy is sound,
Under intense scrutiny after several suicides at its factories in southern China this year, Foxconn Technology,
a major supplier to Apple, Dell and Hewlett-Packard, has decided to stop operating its own dormitories for workers.
Last week, the company said that it was essentially outsourcing its living arrangements to two Chinese real estate companies.
The firms will take over the operations of 153 dormitories that house half of its 420,000 workers in Shenzhen.
