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Boys in the 'hood learn very bad habits
EDITOR'S note: This is the first of three articles about the causes of
the global financial crisis. Stuart P.M. Mackintosh is executive
director of the Group of Thirty. Allan H. Meltzer is a professor of
political...
Foreign bankers' blues as middle class rushes back to big state banks
THE Shanghai Bureau of the China Banking Regulatory Commission recently
announced that two or three more foreign banks are to be locally
incorporated in Shanghai. The banks are as yet unnamed, but the
announcement...
China should apply anti-monopoly measures against Aussie giants
CHINA should be prepared for anti-monopoly measures against the new
alliance between two Australian mining giants: Rio Tinto and BHP
Billiton. Rio Tinto announced on June 5 a cooperative venture with BHP
Billiton,...
Very long, slow slog ahead for US economy
BEGINNING in August of 2007, we confronted a total breakdown of the financial system.
Having announced our extension of term lending to banks in December, in rapid order, we then set in motion a series of steps...