Given the current state of the world’s financial markets, we could not find a better quote than that provided, back in July 2007, by Liu Mingkang, the Chinese banking regulator:
 
“Only when the tide goes out can you see who is swimming naked! It is essential to take measures in good time”.
 
Indeed!
 
Perhaps, as he was referring [...]

It is not all that long ago that the big credit crunch banks were being lambasted in some quarters for their plans to invest heavily in Chinese banks, and that at least one pundit was predicting “The Coming Collapse of China”. How things change! Now it is the titans of Wall Street and the City [...]

There have been many comparisons between the current financial crisis and the Great Depression. Timothy A. Canova, the associate dean/professor of international economic law at the Chapman University School of Law, looks at the similarities and says monetary expansion alone won’t solve the current crisis. He says fiscal stimulus on a grand scale will likely [...]

The metaphors were flying at congressional hearing on roots of credit crisis. But one in particular had to sting former Fed Chairman Alan Greenspan.
Rep. John Yarmuth (D., Ky.) referred to Greenspan as one of three “Bill Buckners” — a reference to the infamous Boston Red Sox first baseman whose flubbed handling of an easy grounder [...]

Francoise Barre-Sinoussi and Luc Montagnier, codiscoverers of HIV, the causative agent of AIDS, have been awarded the 2008 Nobel Prize in Physiology or Medicine. They share this prize with Harald zur Hausen who was responsible for establishing the link between human papilloma virus infection and cervical carcinoma.