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Executive pay in America Principles, not pitchforks Jun 11th 2009 | SAN FRANCISCO From The Economist print edition Some sensible new proposals for curbing corporate greed in America ALTHOUGH the debate about excessive executive pay in America has been heated, cool heads prevailed when the time came to tackle the problem. On Wednesday June 10th Tim Geithner, America’s treasury secretary, said ..

Politics of debt Seeing red Jun 10th 2009 | WASHINGTON, DC From Economist.com America's debt is Barack Obama's biggest weakness “PAYING for what you spend is basic common sense. Perhaps that’s why, here in Washington, it’s been so elusive,” said Barack Obama on Tuesday June 9th. He was urging Congress to pass a new “pay-as-you-go” (PAYGO) plan that would oblige it to pay for new spe..

Bank repayments Less wobbly now Jun 9th 2009 From Economist.com The process of returning banks to private ownership begins WILL there be smiles all around, as ten banks in America begin to repay government capital that had been received during the depths of the financial crisis at the end of 2008? On Tuesday June 9th the Treasury gave approval to ten big banks, nine of which had earlier passed ..

Barack Obama speaks in Cairo Let's be friends Jun 4th 2009 | CAIRO From The Economist print edition Barack Obama delivers a convincing speech to Muslims around the world “WE AWAIT your arrival impatiently because we admire your noble principles and lofty virtues,” gushed an open letter from Sheikh Ali Yusuf, a Muslim cleric who, long ago, was Egypt’s most popular columnist. Printed in an A..