When US President Barack Obama nominated Jack Lew as the new Secretary of the US Treasury in January, the media had one overwhelming concern about the appointment: Lew’s illegible signature, which resembles the doodle of an absent-minded child, would now appear on every US banknote.
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Tuesday 14 July 2009
Thursday 09 July 2009
Outlook Once you have finished arguing the toss over who has snubbed who, the real test of the White Paper on the reform of banking regulation, finally unveiled yesterday, is a pretty simple one. Will the changes it proposes mean we can be confident about not having to endure another financial crisis like the one we have just been through? The answer to that question – annoying and predictable though it may be – is that we don't yet know. And that's because, for all the technical detail and new ideas published yesterday, we have yet to hear precisely what this Government intends to do with the two most crucial aspects of future regulation.
Friday 05 June 2009
The US government and regulators are stepping up their efforts to bring the wilder reaches of the vast credit derivatives market under central supervision for the first time.
Tuesday 02 June 2009
Thursday 30 April 2009
Breast cancer survivor Christina Applegate made the cover of People magazine's 100 most beautiful people issue yesterday in a list that welcomed newcomers US first lady Michelle Obama and "Twilight" heart-throb Robert Pattinson.
Saturday 25 April 2009
Finance officials are pledging to keep the momentum going in their efforts to combat a severe global downturn but have hit a stumbling block in differences over how to boost the resources of the International Monetary Fund.
Thursday 23 April 2009
Wednesday 22 April 2009
The pink protesters strike again. The evidence given by Timothy Geithner, US Treasury Secretary, to Congress yesterday was briefly interrupted by two female protesters dressed in pink, demanding that the banks repay the bailout cash they've received from taxpayers. The women are veteran protesters, having previously heckled the Treasury adviser, Larry Summers, and the Goldman Sachs boss, Lloyd Blankfein. As ever, the two protesters were unfailingly polite, sitting down meekly once Geithner started to speak. A testament both to US democracy and to good manners.
Friday 27 March 2009
Monday 23 March 2009
The United States tried to persuade private investors today to take on huge sums in banks' toxic assets, while the IMF warned of a drastic rise in unemployment that might threaten democracy in some countries or even provoke war.
Monday 23 March 2009
Monday 23 March 2009
How did it go so wrong so quickly for Timothy Geithner, facing calls to resign just a few months after President Barack Obama won near-universal acclaim for appointing him US Treasury Secretary? Mr Geithner is failing both politically and strategically. It became painfully obvious last week that the Treasury had not foreseen how explosive the bonus scandal at AIG would become.
Saturday 21 March 2009
Friday 20 March 2009
If TV talk shows have become a battleground where hosts and newsmakers battle it out, Jay Leno and President Barack Obama didn't get the message.
Thursday 19 March 2009
The US Treasury Department today pledged to provide up to $5 billion in financing support to auto parts suppliers to help them survive a massive downturn in US car sales.
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