The United States spends more money than any other country, and its elite institutions are the world's best. But overall the system is wasteful, fails too many — and is falling behind other countries. No, the topic isn't health care — it
LONDON - Barclays plans to spin off complex credit assets worth four billion pounds as the British bank looks to further clean up its balance sheet, the Financial Times reported on Monday. Barclays will shift the equivalent of 4.3 billion euros or
WASHINGTON Speaking on the anniversary of the start of the financial meltdown, President Barack Obama warned bankers not to expect that next time, American taxpayers will be there to break their fall. That's not a serious threat. Obama's plan for
File photo of women using the hula hoop.Once a toy used by children, it is now being used in fitness centers by adults. Michael Caulfield Archive/WireImage/Getty Images These are the Bay Area Hoopers, who meet every Sunday afternoon in parks around
The phrase “Egyptian cotton” conjures up an image of a soft, luxurious fabric made of a raw material that has traditionally been recognised as the best in the world. The long and extra-long staples or fibres of the cotton give it strength and durabi
Cablevision will spin off its Madison Square Garden live entertainment and sports franchise division by the end of the year, appeasing shareholders who pushed the Dolan family-controlled cable operator to break up the company to unlock value.Investo
Banco Santander has appointed advisers to spin off its Brazilian business in an initial public offering that could raise at least $3bn (£2.6bn) and create one of the largest publicly listed banks in Latin America’s biggest economy.Santander, which r
CARDIFF - Kevin Pietersen was excited by the prospect of England's spinners playing a major role in the first Ashes Test after seeing the Sophia Gardens pitch take turn here on Wednesday's first day of the series. England at stumps were 336 for sev
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