Updated: New York,
Sep 05 22:50
London,
Sep 06 03:50
Tokyo,
Sep 06 11:50
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Highlights from past issues
China in Africa: Young Workers, Deadly Mines Children in Congo risk their lives digging cobalt and copper ore with their bare hands for Chinese companies. Busting the Chip Cartel U.S. antitrust prosecutors sent 15 executives from four companies to jail for price fixing of memory chips. There was a rub: The collusion failed. The Subprime in the Schoolhouse The mortgage contagion has hit state-run investment pools that handle $200 billion in funds for schools and cities. Taxpayers are in the dark. Ethanol's Deadly Brew Thousands of Brazilian sugar cane workers are injured and scores die each year in the rush to produce a fuel that Presidents Bush and Lula celebrate as a path to energy independence. Unsafe Havens U.S. money market funds have invested $11 billion in subprime debt, much of it managed by Bear Stearns. The Insurance Hoax Property insurers use secret tactics to cheat customers out of payments—as profits break records. McKinsey's advice to Allstate: Use "boxing gloves" instead of "good hands." The Ratings Charade Subprime mortgages have swept into the booming collateralized debt obligation market, often in CDOs awarded the highest grades by Standard & Poor's, Moody's and Fitch. The Secret World of Modern Slavery Steel used to build cars and appliances in the U.S. starts with forced labor in Brazil. Playing the Odds Doctors disagree on how to treat the more than 230,000 men who will learn they have prostate cancer this year in the U.S. The Persuader
Hank Paulson is doing more than anyone to eclipse Bob Rubin as the most powerful Treasury secretary in recent memory. The World's Best Brokers Stocks have barely budged since 2000, but the firms trading them are earning more in commissions than they have in eight years. Navigating Turmoil John Taylor, manager of the world's largest currency hedge fund, thrives when markets aren't making sense. Shaking Up Sweden Inc. Cevian's Christer Gardell, derided as a ``corporate pirate,'' has his sights set on Germany. Flying Blind More executives are taking to the air in private jets, exposing weaknesses in the charter industry and the lightly regulated brokers who arrange the flights. Turkey: Surviving Inflation The country's boom is threatened by high commodity prices, a surge in government spending and missteps by the central bank. |
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