Issue: January 19, 2009   (Archive)
Friday, September 10, 2010   

Words of wisdom
Until a few months ago, Amit Singh dreamed of buying a car. Now, with S$75,000 (HK$390,828) in the bank, the lawyer is holding back, saying he will continue to make the one-hour commute to work on the Singapore subway.

Big Four silent
Here's hoping the big audit firms get busy living, and start sounding alarms at banks that are dying. Credit raters, regulators, Wall Street executives, even hedge-fund managers all got summoned to Capitol Hill last fall for televised floggings. And yet barely a glove has landed on the Big Four accounting firms that didn't bark.


Exceptional offers for exceptional times in Britain
The sharp economic downturn has triggered some extraordinary deals in Britain, with a beachside apartment thrown in with the purchase of a house, and even two cars for the price of one.

`Full price' to take on new meaning in 2009
Department stores and apparel retailers may have bid farewell to the idea of selling merchandise at full price after taking brutal markdowns during the US 2008 holiday season.

Obama plan is a much-needed shot in the arm for green power firms
US President-elect Barack Obamas call for an ambitious renewable energy plan underscores just how bad things have gotten for makers of solar panels and wind turbines.

Not so fond farewell
Robert Rubin, the former Treasury secretary who advised Citigroup Inc as it lost US$20 billion (HK$156 billion) in the subprime mortgage crisis, resigned his position as senior counselor and won't stand for re-election to the board.

Let corporate bonds reign supreme
Corporate bonds seem to be weathering the financial storm quite well through this crisis and could well offer investors an opportunity to rebalance their portfolios to a pre-hurricane-like state.

Bottom feeders set for bright day
We can't all be Linus Cheung Wing-lam, boss of ATV, who said this week that he made a modest profit in the stock market in the dark days that were last year.

Culture czar
Henry Tang's white-pillared colonial residence sits nestled on The Peak. The high ceilings are pristine white, with elegant chandeliers; the walls are dove gray, white again or warm yellow. A long conservatory runs the length of the place. Windows arch, one after the other, unfettered by curtains or blinds, and afternoon sun streams across the small terrace into the room dotted with assorted furniture of varying styles.

Show me the money in brave new world of financial reengineering
They said it would never happen again in almost 100 years but only 75 years ago Franklin Roosevelt's 1933 revaluation of gold and subsequent devaluation of the dollar in unprecedented times has proven that anything is possible.

New thrift in America
Single mother Kelly Dukes has lost her house, her car and her salary, but rather than curse the US recession, the Cincinnati, Ohio, mom said she's grateful to have learned a whole new way to live.

Quiet revolution brews in world of offshore banking as tax probes bite
Foreign-registered cars dot the underground car park of Liechtenstein's biggest bank in the capital Vaduz , where elevators sweep visitors to top-floor corridors of private meeting rooms.

             


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