By EDMUND L. ANDREWS and DAVID M. HERSZENHORN
WASHINGTON — Ben S. Bernanke, chairman of the Federal Reserve, has told lawmakers that he can support tax cuts or spending measures to stimulate the economy, even if they increase the budget deficit, provided the measures are quick and temporary.
Mr. Bernanke […]
Posted on January 17th, 2008 by admin
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By STEVEN R. WEISMAN
WASHINGTON — Six months after taking over as president of the World Bank, Robert B. Zoellick faced new turmoil on Wednesday over a campaign against corruption in bank lending, with the resignation of the chief of the bank’s antifraud unit.
Bank officials said that despite Mr. Zoellick’s efforts to heal the wounds […]
Posted on January 17th, 2008 by admin
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By JEFFREY GETTLEMAN
NAIROBI, Kenya — Opposition protests resumed in Kenya on Wednesday, and as many people here feared, violence erupted across the country once again.
The worst clashes were in Kisumu, Kenya’s third largest city and an opposition stronghold, where mobs of furious young men hurled stones at police officers, who responded by charging into […]
Posted on January 17th, 2008 by admin
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By SOMINI SENGUPTA
LAHTORA, India — With the dew just rising from the fields, dozens of children streamed into the two-room school in this small, poor village, tucking used rice sacks under their arms to use as makeshift chairs. So many children streamed in that the newly appointed head teacher, Rashid Hassan, pored through […]
Posted on January 17th, 2008 by admin
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By Saul Hansell
It’s easy to wonder whether the recently improved online video feature from Netflix will be hurt by the promotional blitzkrieg that Apple will launch for its iTunes movie rental service.
After chatting with Reed Hastings for a few minutes, I realized that the services are very different. Netflix gives subscribers to its DVD-by-mail service […]
Posted on January 17th, 2008 by admin
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By LAURIE J. FLYNN
Oracle has finally won its prize, the rival BEA Systems, after sweetening the offer by 14 percent, just three months after BEA soundly rejected its original bid.
The deal, announced on Wednesday morning, makes Oracle the undisputed leader in the market for what is known as middleware: business software that […]
Posted on January 17th, 2008 by admin
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