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Showing 421 - 430 of 533 results for "Congress"

Dummy spit

BENJAMIN ONG  |  FRIDAY, 4 DEC 2009
... regulate subprime mortgages after Chairman Greenspan did nothing for 12 years. Even then, you only acted after pressure from Congress and after it was clear subprime mortgages were at the heart of the economic meltdown. On other consumer protection issues ...

Liar, liar, hedge funds on fire

MICHELLE BALTAZAR  |  WEDNESDAY, 25 NOV 2009
... the next Madoff. Professor Stephen Brown, a top academic who presented at a hearing on financial services before the US Congress in 2007, said his latest research on hedge fund due diligence found that the sector has turned lying to investors into a ...

Rejoice for rates have risen

BENJAMIN ONG  |  WEDNESDAY, 7 OCT 2009
... stimulus. Oh no, that would scare the markets. Instead, he admitted to suggestions of 'extensions' "being bandied around in Congress." These 'extensions' would reportedly be in the form of increased transportation spending, extending the new homebuyer ...

Money flows lead to Africa

RUTH LIEW  |  TUESDAY, 22 SEP 2009
Global foreign direct investment flows have changed course in 2008 from developed countries to Africa - making West Africa the fastest growing receiver of FDIs with a 63 per cent increase into the region's coffers. According to a new investment trends ...

Market Wrap - Morning

AAP  |  MONDAY, 24 AUG 2009
... Media Group Ltd, Select Harvests Ltd and Worley Parsons Ltd. The International Industrial Relations Association World Congress 2009 begins in Sydney, while the fifth Australia-New Zealand Climate Change and Business Conference begins in Melbourne. On ...

Best laid plan

BENJAMIN ONG  |  WEDNESDAY, 22 JUL 2009
"Don't worry, I've got a plan," Ben Bernanke, the US Federal Reserve chair, reassured the US Congress. The longer I observe the financial markets, the more confused (amused?) I get. When equities and commodities went on their upward trek starting in ...

Meredith Whitney

BENJAMIN ONG  |  TUESDAY, 14 JUL 2009
Meredith Whitney is the name, don't wear it out! It took just one woman with gumption to whip Wall Street back in the right direction. US President Obama, displaying his inherent gift of the gab, was ignored. So were US Treasury Timmy Geithner and Ben ...

No protection in protectionism

BENJAMIN ONG  |  FRIDAY, 19 JUN 2009
... trend that could short-circuit the impending recovery. And its name is protectionism. During the Great Depression, the US Congress passed the Smoot-Hawley Tariff Act, raising tariffs on American imports. Didn't work. Never would. Why? Because other countries ...

Fully sick

BENJAMIN ONG  |  WEDNESDAY, 10 JUN 2009
... being sold short. And what if the economy double dips and the Big Ten find themselves needing money anew? What if the US Congress - looking at the budget blow out - does not allow anymore re-lending? The reasoning goes that this could spark even greater ...

Market Wrap - Morning

AAP  |  FRIDAY, 22 MAY 2009
... Australian Office of Financial Management tenders $700 million of June 2011 Treasury bonds. The AMEC 2009 National Mining Congress convenes in Perth for its second and final day. In company news, Coca-Cola Amatil holds its annual general meeting. On ...