News that the Justice Department has dropped an investigation into a particularly culpable branch of insurance giant AIG makes one wonder if anyone will ever pay any price for destroying the US and world economies.
It’s kind of amazing, but in the following announcement from New York Law School, letting everyone know that NYLS alumnus Maurice Greenberg is making a rather large donation to them,
the fact that he was the former head of AIG never seems important or relevant enough for them to mention –
Led by the World Bank, global analysts caution that European debt woes,
which have rattled financial markets and severely eroded the value of the euro in recent months,
remain a significant threat to world trade.
BARGAINING POWER GROWS FOR STRIKING CHINESE WORKERS …
China’s wage contagion continues to spread, the New York Times reported in a major article today.
Indonesia’s President, Susilo Bambang Yudhoyono, has announced a two-year moratorium on new logging concessions, part of a deal with Norway
in which Indonesia will receive up to $US1 billion ($1.2 billion) if it adheres to a letter of intent signed by the two countries yesterday.
Like everyone else, we love to have our analysis of things confirmed by the turn of events … 😉 …
Well, this announcement of Tony Blair’s joining Silicon Valley venture capitalist legend Vinod Khosla in what seems to be an innovative “green tech” firm drew a lot of fiery comment from our readers –
Reliance Communications, one of the largest mobile-phone providers in India, with 106 million subscribers,
plans to sell a 26 percent stake to raise cash to cover costs that include $1.8 billion for licenses for high-speed data services.
As governments from Greece to Portugal to Spain try to sell markets on their budget-cutting zeal, the country that may face the biggest hurdle is Britain.
Tony Blair is becoming a senior adviser at Khosla Ventures, the venture capital firm founded by Vinod Khosla, an investor and a proponent of green technology.
Khosla Ventures, which Mr. Khosla founded in 2004 after leaving the venture capital firm Kleiner Perkins Caufield & Byers, made the announcement at a meeting of its investors.
