It has been decades now that Wall Street has been run by big investment banks. The exact names may keep changing as some of the smaller firms became bigger, and some of the bigger firms fall (and of course, names keep on changing with mergers and acquisitions), but the basic structure of large investment firms [...]
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Islamabad is the capital city of Pakistan, and the home to its political leaders and a military garrison as well. One would expect that the city has many layers of security, especially since there is an open conflict between the Pakistani Government (under incredible pressure by the US Government), and the Pakistan Taleban and Al-Qaeda [...] For the last many years, China has been the leading supplier of a large range of goods to the world. Unfortunately, for the last few years, China has also been facing the brunt of massive quality problems. Seafood, paint, toys, toothpaste, and many other products have been found to be contaminated in one way or [...] This is a time that no Economic Affairs Minister (or Secretary of Commerce), and Central Bank Governor would want to see. Imagine spending public money to shore up private companies ! Balance that with a risk to sentiment if such large companies, immensely integrated in the economy, suddenly collapse. The potential that overall sentiment becomes [...] |
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