Tag Archives USA

Recipe for Disaster: The Formula That Killed Wall Street. A year ago, it was hardly unthinkable that a math wizard like David X. Li might someday earn a Nobel Prize. After all, financial economists—even Wall Street quants—have received the Nobel in economics before, and Li's work on measuring risk has had more impact, more quickly, than previous Nobel Prize-winning contributions…

'Buy American' Rider Sparks Trade Debate . The stimulus bill passed by the House last night contains a controversial provision that would mostly bar foreign steel and iron from the infrastructure projects laid out by the $819 billion economic package. [washingtonpost.com - Business]

U.S. Plan Sees Easing of G.M. to Bankruptcy. The government hopes to avoid court chaos by persuading at least some creditors to agree to a plan that would cleave General Motors into two pieces. [NYT > Business]

91.2% of Class Time in Their Seats. USA Today is reporting on a new comprehensive study of elementary school classrooms that is being published in this week’s Science magazine. Aside from not being overly engaged, the study of over 2,500 classrooms showed that “The typical child in the USA stands only a one-in-14 chance of having a consistently rich, supportive…

Fierce domestic competition and a faster accumulation of financial assets are laying the groundwork for the arc of China's rise to be far greater than Japan's. By KEITH BRADSHER. Link: China Economy Rising at Pace to Rival U.S..