George Soros spoke to a full house of bankers, lawyers, Wall Street types and journalists this morning at Bryant Park Grill behind the landmark New York Public Library this morning. The billionaire is not only one of the world’s best investors, but is also one of the great philosophical leaders and engaging speakers of our time. In measured tones, the 79-year-old warned that Americans still have their head in the sand about the implications of the financial crisis and the prospects for their economic and political welfare.
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George Soros: Obama Team Falls Short in Financial System Overhaul
The billionaire warns that Americans are still in denial about the implications of the financial crisis, says BW’s Mara Der Hovanesian
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Slide Show: Best New iPhone Apps
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California’s Real Estate May Be Near a Bottom
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Is California’s Economy ‘Too Big to Fail’?
CEO Robert Fell explains how Pricelock is capitalizing on consumer concerns about gas prices
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The Company Behind the Hyundai Gas Offer
It’s the Korean carmaker’s latest effort to seize share in the depressed U.S. market after earlier this year assuring buyers worried about their jobs
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Hyundai Offers a $1.49 Lock on Gas
It’s the Korean carmaker’s latest effort to seize share in the depressed U.S. market after earlier this year assuring buyers worried about their jobs
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Hyundai Offers a $1.49 Price Lock on Gas
The European Union’s financial regulations are shaping up to be a big deal for companies based in the U.S. and elsewhere — even beyond their European operations. For the most part, the new rules won’t kick in until 2011 or later, and as the U.S. hammers out its own regulatory revisions, policy-makers on both sides will probably iron out their differences.
Still, history suggests Europe’s regulatory boldness won’t end with this financial crisis and global recession. Indeed, research by Elliot Posner, a Case Western Reserve University political-scientist, suggest it was already stirring before the crash, and is likely to linger.
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How Europe Began Flexing Financial-Regulation Muscle
NEW YORK (Reuters) – Billionaire investor George Soros on Tuesday predicted a “stop-go” economy for the United States, saying fears of inflation will drive up interest rates and choke off growth.
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Soros predicts “stop-go” economy and higher rates
The mayor of London says the main stadium for the 2012 games might not be scaled back after the Olympics so it could be used for the 2018 World Cup if England is awarded the tournament. Previously, Boris Johnson said it would be too expensive to keep stadium…
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Boris Johnson – England – London – London Mayor – London Underground
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London mayor: Olympic stadium could stay at 80,000
Internet giant Yahoo Inc. plans to open a data center in western New York. Gov. David Paterson says that the center in Lockport north of Buffalo is expected to begin operating in January 2011 and will create about 125 jobs. The governor says construction of…
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David Paterson – New York – United States – Western New York – Western
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Yahoo to build data center near Buffalo
American International Group Inc.’s annual shareholder meeting ended with little drama Tuesday after a handful of shareholders voiced disappointment over the embattled insurer’s near-collapse last fall. The meeting at the company’s headquarters was relatively…
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New York – American International Group – Edward M. Liddy – AIG – Insurance
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AIG annual meeting a short, relatively calm affair
Debt-laden Porsche rejected as “unfeasible” a bid from Volkswagen to buy 49% of the German sports car maker, hoping instead for a deal with Qatar