- Coal Beats Solar as Analysts Favor Peabody Amid Shrinking Green Subsidies Wall Street’s contribution to the debate on how to curb global warming: Buy coal, sell solar.
- Russia Wields Three-Pronged Policy Fix to Cap Ruble, Steer Uneven Recovery Russia, the biggest economy still cutting interest rates, will probably deploy a three-pronged strategy to steer an uneven recovery as the ruble soars, inflation hovers at a 12-year low and bank liquidity swells.
- `Pink Slip Party' Host Has $2.2 Million Payday as Tokyo Bankers Find Jobs Soichiro “Swimmy” Minami parlayed a get-together for laid-off bankers into a $2.2 million paycheck in less than a year.
- Israel's Fischer Said Likely to Serve Second Term After Bank Law Passed Bank of Israel Governor Stanley Fischer is likely to agree to a second term after parliament overhauled the law regulating the central bank for the first time since 1954, a person familiar with the situation said.
- Rich China Communists Echo U.S. Tea Party Activists in Property-Tax Debate Zong Qinghou, China’s richest man, says a property tax will hurt homeowners. Wang Jianlin, the 16th wealthiest, agrees. Lu Guanqiu, No. 19, says China isn’t ready for such a levy.
- India May Create Fund to Buy Overseas Energy Assets Amid China Competition India, with $254 billion of foreign-exchange reserves, may create a sovereign wealth fund to help state companies compete for overseas energy assets with China, a government official said.
- Mercedes Bets `Old Man' Car Image Ends With Schumacher's Formula 1 Return Mercedes-Benz scored a publicity coup by luring Michael Schumacher out of retirement to race for its new Formula One team. It might backfire if he can’t keep up with drivers a generation younger.
Bloomberg Daily News 17th March 2010
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