Updated: New York,
Nov 19 06:50
London,
Nov 19 11:50
Tokyo,
Nov 19 20:50
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Highlights from past issues
China in Africa: Young Workers, Deadly Mines Children in Congo risk their lives digging cobalt and copper ore with their bare hands for Chinese companies. Busting the Chip Cartel U.S. antitrust prosecutors sent 15 executives from four companies to jail for price fixing of memory chips. There was a rub: The collusion failed. The Subprime in the Schoolhouse The mortgage contagion has hit state-run investment pools that handle $200 billion in funds for schools and cities. Taxpayers are in the dark. Ethanol's Deadly Brew Thousands of Brazilian sugar cane workers are injured and scores die each year in the rush to produce a fuel that Presidents Bush and Lula celebrate as a path to energy independence. Unsafe Havens U.S. money market funds have invested $11 billion in subprime debt, much of it managed by Bear Stearns. The Insurance Hoax Property insurers use secret tactics to cheat customers out of payments—as profits break records. McKinsey's advice to Allstate: Use "boxing gloves" instead of "good hands." The Ratings Charade Subprime mortgages have swept into the booming collateralized debt obligation market, often in CDOs awarded the highest grades by Standard & Poor's, Moody's and Fitch. The Secret World of Modern Slavery Steel used to build cars and appliances in the U.S. starts with forced labor in Brazil. Playing the Odds Doctors disagree on how to treat the more than 230,000 men who will learn they have prostate cancer this year in the U.S. The Power Broker
Democrat Barney Frank is leading Washington's charge toward more regulation for the mortgage industry, hedge funds and private equity firms. Short Sellers Under Siege Blaming short sellers for financial chaos -- as 15 nations have done since July -- is making scapegoats out of investors who keep the market honest, Bill Fleckenstein says. Hedge Fund Agitator Barry Rosenstein, whose Jana Partners has been hit by the market meltdown, is looking for a way to reignite returns that averaged 21 percent from 2001 to 2007. The Dublin Connection Lehman Brothers and Barclays helped a state-owned bank in Leipz overdose on bad debt. The cause of death: an off-balance-sheet conduit in Ireland. Forecasting the U.S. Economy Joel Naroff predicted the bursting of the housing bubble. His expectations for GDP, inflation, interest rates and unemployment made him the top prognosticator for 2006-08. |
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