The idea that execs were getting massages on the taxpayer’s dime was just too much to bear and lawmakers on Capitol Hill let them have it. Even the White House spokesman called the event “despicable.” AIG countered thatit was a business event for independent life insurance agents not corporate execs and it was planned months [...]
More than 200 Chinese mainland tourists will leave today and tomorrow to join a celebration on Thursday in Washington DC, specially held for China’s inaugural leisure tour group to the United States.
The tourists will leave from Beijing, Shanghai and Guangzhou to join the event seen as marking a new era in Sino-US relations.
Vice-Premier Wang Qishan, [...]
EVEN though Monday was a holiday, Ben Bernanke showed up early
to his office at the Federal Reserve. The next day, he was planning
a trip to New York.
But those plans quickly changed. He watched with growing concern
as sharemarkets in Japan, China and Hong Kong plummeted.
Shortly after lunch, Bernanke called a quick meeting of the bank
officials who [...]
