The specter of bank nationalization is driving a historic fire sale of stocks including Citigroup and Bank of America, making it harder for those firms to survive and imperiling the efforts of the Obama administration to keep banks in private hands. A burgeoning chorus of prominent economists and members of Congress has concluded that some […]
The Rising Stakes Of Aso Rock Succession
It may not need a political expert to determine the direction of the political wind of the nation at the moment and the fact that former Vice President, Atiku Abubakar, is a key factor in it all. Though he is not alone, but he appears the one making the most visible moves at the moment. […]
Awami League to take reins with pledge for change
The new government led by the Awami League (AL) begins a tightrope walking this evening amid high expectations of people, ending around two-year long eventful rule of the caretaker government. President Iajuddin Ahmed appoints and administers oath today to AL chief Sheikh Hasina as the next prime minister and her colleagues in the new council […]
Ethanol Could be a Weak Link in State’s Energy Network
Story by Alexis Madrigal What happens if, all of a sudden, you need to change the entire energy infrastructure on which California’s transportation system runs? Most Californians probably haven’t noticed, but that’s exactly what a combination of Midwestern farmers, Big Oil companies, railroad operators, and fuel terminal owners have done over the last decade. I. […]
Succession probe: Obama calls on governor to quit
United States President-elect Barack Obama has called on Illinois Governor Rod Blagojevich to resign following his arrest on charges that he tried to "sell" Mr Obama’s senate seat. Mr Blagojevich has the authority, as governor, to pick Mr Obama’s successor. FBI investigators said telephone intercepts showed that Mr Blagojevich had been offered campaign cash by […]
Thailand: Protesters Misunderstood by Western Media?
Good news: Airports have been re-opened in Thailand. Bad news: The political crisis is far from over. Protesters are still camped inside Thailand’s Government House. They have been demanding the ouster of Prime Minister Samak Sundaravej. The leader is accused of being a puppet of ousted Thai leader Thaksin Shinawatra. Members of People’s Alliance for Democracy (PAD) are the […]