Lots of noise lately
Posted in :
AIG bonus. 90% tax. Clawback (that’s new word for me). Goldman Sachs.
The bank rescue (aka toxic assets) plan
Tim Geithner (WSJ op ed March 23) My Plan for Bad Bank Assets;
NY Times article;
Paul Krugman (the recent Nobel Economics winner) comments (one, two)
Meet the press, Face the Nation and ABC “this week” all talked about this and its implications. So as Fox.
A twist on Coke/Huiyuan story
The China minister of commerce said the outcome does not mean China is now not welcoming foreign investments. This is a merger between two foreign companies (Coca Cola in the US; Huiyuan in Cayman Island). As you may know many Chinese companies are set up in Cayman island (for tax purpose). In other words, the minister is re-emphasize this is purely a monopoly case. Just like the EU rejected the GE/Honeywell merger a while ago.