Brian Gongol
China has $2 trillion in the bank. Will it use that to bail out the West?
As was obvious in December 2007, the relationship between Western borrowers -- particularly governments -- and China's cash-rich government is an uneasy one. And unless some fiscal prudence is brought to bear quickly, the situation can only become more dangerous to Western interests -- as though the new, close relationships developing between banks and governments weren't already enough to make us uneasy. Related: The Financial Times has a novel illustration of what just happened in the banking industry.
A very good introduction to money and banking
California official says, "Fire season is year-round now"
British government wants more Internet surveillance powers
BBC plans to move half of its shows to outside London by 2016
What would American programming look like if half of it were produced outside Los Angeles and New York? One might imagine it would be different. Very few things get more irritating than hearing "The Late Show" bark out every night that New York is the "Greatest City in the World". 6 billion people clearly don't agree.
