- Soldier Can't Remember Lessons at For-Profit College Funded by Taxpayers Marine Corps Corporal James Long knows he’s enrolled at Ashford University, one of at least a dozen for-profit colleges making money off active-duty military with subsidies from American taxpayers. He just can’t remember what course he’s taking.
- Regulators Resist Volcker Wandering World Warning of Too-Big-to-Fail Again Paul A. Volcker visited nine cities in five countries in the past eight weeks to warn that bankers and regulators “have not come anywhere close to responding with necessary vigor” to the worst economic crisis in 70 years.
- Abu Dhabi May Demand Control After $10 Billion Lifeline to Sheikh Mohammed Four days before Dubai World sought to delay $26 billion of debt repayments last month, Sheikh Mohammed bin Rashid Al Maktoum set out to race his horse, Al Ayed, across 120 kilometers (75 miles) of Persian Gulf desert. He had to withdraw when the mount became fatigued.
- Lloyd's of London, the `RBS of 15 Years Ago,' Has Lessons for U.K.'s Banks Lloyd’s of London, the 321-year-old insurance market almost destroyed by a speculative boom and bust two decades ago, is thriving, offering lessons to lenders such as Royal Bank of Scotland Group Plc in how to survive a crisis.
- Taiwan `King of Instant Noodles' Plans for Expansion in China, Retirement Taiwanese billionaire Wei Ing-chou, whose “Master Kong” brand built Tingyi (Cayman Islands) Holding Corp. into the world’s largest producer of instant noodles, said he may buy mainland food companies and expand his real-estate holdings before retiring in four years.
- Egypt Drives Christians Into Hiding Even as Muslims Hit Swiss Minaret Ban On a side street in the far northeast Cairo suburb of Ain Shams, the door of a five-story former underwear factory is padlocked.
- Eurosclerosis Is America's Diagnosis After Dodging Japanese Liquidity Trap The U.S. may have avoided the Japanese disease of prolonged stagnation only to end up with a dose of eurosclerosis: chronically high unemployment in a growing economy.
- Not Losing Is New Winning for Wall Street Watering Down Laws From Congress Four Wall Street lobbyists and about a dozen lawmakers huddled over eggs and bacon at Tortilla Coast restaurant on Capitol Hill on Dec. 2 to discuss legislation aimed at strengthening bank regulation.
- `Disaster' Health Plan Breaks Obama's Vow to Reduce Costs in View of CEOs President Barack Obama’s $1 trillion health-care overhaul won’t buy corporate America relief from medical costs that more than doubled in the last decade, chief executive officers of more than a dozen U.S. companies said.
- Colony Capital's `Fearless' Bazin Shakes Establishment at Accor, Carrefour Everywhere Sebastien Bazin goes, people lose their jobs.
- Fastest Food Inflation Since '08 Riots Means Milk Costs 39% More Next Year Falling production in commodities from rice to milk is bad news for just about everyone except investors.
- Google Mobile-Phone Push Defies Sales Slump, Growing Rivalry: Chart of Day Google Inc. may face at least two obstacles to selling a mobile phone under its own brand name: sales of handsets are dropping and competition in so-called smart phones is increasing.
- Why Japanese Government Bonds Yielding 1.3% Offer World's Highest Returns Nowhere are yields as low as in Japan’s debt market and nowhere are returns higher as Prime Minister Yukio Hatoyama’s government fails to stop deflation.
Bloomberg Daily News 15th December 2009
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