When we hear the phrase “the economy,” often the first images that pop to mind are crisp bills being printed in a government treasury, or suited traders wheeling and dealing on the floor of a stock exchange, or a mall where suburban shoppers buy T-shirts and sneakers before grabbing a Cinnabon. But as journalist Robert Neuwirth pointed out at TEDGlobal 2012…
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- Jefferson County Debt Plan Is CostlyThe plan by Jefferson County, Ala., to emerge from bankruptcy protection hinges in part on the sale of $1.9 billion of new debt this fall to refinance debt tied to its troubled sewer system. But some observers are calling terms of the new debt onerous.
- Thai Rice Aid CriticizedThailand's government took a step toward revealing the full cost of its contentious rice-price support program, saying it had lost $4.4 billion on the subsidy from fall 2011 to September 2012.
- KPMG Ex-Partner Is ArraignedFormer KPMG LLP senior partner Scott London was arraigned here Monday in federal court, where a not-guilty plea was entered on his behalf, although he is expected to plead guilty once certain procedural matters are resolved.
- Co-op Bank Plans a Novel 'Bail-In'Co-operative Bank said it would ask subordinated bondholders to take heavy losses in an effort to raise £1.5 billion ($2.36 billion) in fresh capital and stave off a potential collapse.
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