Associated Press

Sallie Krawcheck

Private banks like to say they put their clients first. But the resignation of Sallie Krawcheck from Citigroup shows that products often get first priority.
An article in today?s Wall Street Journal by my colleague David Enrich says Ms. Krawcheck–probably the highest-ranking woman on Wall Street–resigned over a spat with Citigroup CEO Vikram Pandit. [...]

If you want to know what is really worrying the wealthy these days, consider the case of Bruce Smith.
Mr. Smith, CEO of Tesoro Corp., an oil refiner based in San Antonio, recently was forced to sell 251,100 shares, or 14% of his holdings to meet a margin call from Goldman Sachs Group. Chesapeake Energy CEO [...]

The American public’s mood is among the darkest in the past 40 years as voters remain pessimistic about their personal financial state and blame everyone within range for the financial crisis.
The latest Journal/NBC News poll shows voters’ economic worries boosting Sen. Barack Obama as he widens his lead over Sen. John McCain, 49% to 43%. [...]

ChinaSmack outdoes itself with its two recent posts: Post-90s Kids Do Not Take Military Training Seriously and Kidney Stone Gate: Latest Updates & Funny Sanlu Photoshops
Adam Minter of Shanghai Scrap laments in as polite a way he can over the state of expat advertising in Shanghai.
Marc van der Chijs goes shopping at Carrefour and finds [...]

Medical doctors understand the way a human body functions. The Hippocratic Oath compels them to “do no harm” to their patient.
A white lab coat is worn by someone who would help you: Would heal you.
It was always a doctor who did the selection once the train arrived ["left" or "right"]. Kanada 1 and 2 were [...]

Anxious parents queue up yesterday afternoon at Sanlu Milk’s main distribution centre in Ruzhou, Henan (????) to return the infant milk powder they bought from the company. The queues spilt over into the streets and caused massive traffic jams.
In the latest food scandal to rock China, at least 100 infants (including at least 22 in [...]

Watch out ladies, Chinese men are on the prowl. According to this article in Mop, one Chinese man set out to settle a score against Western men, by staking out Western women visiting Beijing during the Olympics. The man in question is from a small town in the middle of nowhere, the kind [...]

The fireworks were edited in, the young girl was just lip-syncing, and in the third case of misrepresentation from the Olympic opening ceremony, the 56 children representing China’s 56 ethnic groups have also been found to be mostly Han Chinese children dressed up to represent the minorities. This admission was first made by Yuan Zhifeng, [...]

For sports apparel brands, the Olympics are arguably the most important stage for marketing. So how did the sports marketers fare with the Chinese market in these Olympics? Here’s a look at how things played out for Adidas, Li-Ning, Nike, Puma and Speedo.
Adidas

Adidas reportedly shelled out 70 million euros to be an official Olympic sponsor. [...]