Greek Financial Crisis ‘Over’: Week in Review
March 12 (Bloomberg) -- Former European Commission President Romano Prodi tops a review of the week’s stories after saying that the worst of Greece’s financial crisis is over and other European nations won’t follow in its path.
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Following is a selection of more top stories from the past week, chosen by senior editors at Bloomberg News.
Obama Defies Pessimists as Rising Economy Converges With Stocks
March 10 (Bloomberg) -- The political consensus may be that President Barack Obama’s handling of the economy has been weak. The judgment of money in all its forms has been overwhelmingly positive, and that may be the more lasting appraisal.
Pfizer Cholesterol Flops Cleared Path for Resverlogix
March 5 (Bloomberg) -- Resverlogix Corp., without a marketed product, may accomplish what Pfizer Inc., the world’s biggest drugmaker, couldn’t: Creating a new medicine that fights heart disease by raising so-called good cholesterol.
NFL Brain Collector Shows Violence in Slices of Gray Matter
March 10 (Bloomberg) -- Five years of hell ended in a hard death. Those are the widow’s words.
Buyout Firms Can’t Spend $503 Billion as Fund Deadlines Loom
March 10 (Bloomberg) -- Buyout funds sitting on half a trillion dollars committed by investors may need more than a decade to put the money to work if mergers and acquisitions continue at the current pace.
China to Nullify Loan Guarantees by Local Governments
March 8 (Bloomberg) -- China plans to nullify all guarantees local governments have provided for loans taken by their financing vehicles as concerns about credit risks on such debt increases.
De Gregorio Says Chile’s Peso May Have ‘Overshot’ on Quake
March 8 (Bloomberg) -- Chilean Central Bank President Jose De Gregorio said the peso may have “overshot” after the country’s worst earthquake in 50 years and he doesn’t see any “dramatic changes” in the bank’s expansionary interest rate outlook.
Sex Slaves, Scandals Drive Fairstein’s ‘Hell Gate’: Interview
March 9 (Bloomberg) -- When the rusty Ukrainian freighter ran aground on a sandbar near New York City’s Rockaway Beach, the bodies started washing ashore. The boat was crammed with human cargo, poor men and women desperate for a new life, exploited by traffickers known as “snakeheads.”
The most-read opinion columns of the past week:
1. Rich Guy Carries His Own Bags to No-Name Motel: Scott Soshnick
2. Oh, the Luxury of New Jersey Transit at $4,965: Andy Davidson
3. ‘Berkeley Mafia’ Now Has $514 Billion at Stake: William Pesek
4. Smart Banks With Dumb Customers Don’t Exist: Roger Lowenstein
5. Never Trust a Naked Massa in a Tickle Fight: Margaret Carlson
Following are the most-read stories on Bloomberg.com from the past week:
1. Obama Delays Trip as Health-Care Faces New Hurdle
2. Pelosi Says Democrats Didn’t Push Massa to Resign
3. Greek Crisis Is Over, Rest of Region Safe, Prodi Says
4. Pimco’s El-Erian Says Public Finance Shock May Deepen
5. Citigroup Selling TruPS After Repaying Bailout
6. S&P Rally Slowed by Fastest Cash Depletion Since 1991
7. China Inflation Quickens as Industrial Output Climbs
8. JPMorgan, Citigroup Helped Cause Lehman Collapse
9. Fannie Mae Mortgage Bond Spreads Fall to Record
10. Sex Life Ends at 70 as Health Declines, Study Says
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