The banking industry suffered credit crises in the 1970s, 1980s, 1990s, and 2000s. An unavoidable conclusion is that its loan loss reserves were in all cases too small. 

The Internet has become an integral part of our economy, unleashing powerful innovations that are transforming business, our economy, and the way we work.

The Obama administration is going all out to attract Chinese companies to invest in the U.S., but at the same time, it has rebuffed the efforts of the Chinese telecoms giant Huawei to obtain contracts with major U.S. Internet providers or to take over U.S. telecom companies. At this event, a panel of experts will analyze the issues from both an economic and a security perspective.

Pfizer has acquired the ability to realize extended cost savings that will gun its earnings over the next several years as the combined shop realizes a whopping $2.5 billion in savings by 2005.

By next year, about two-thirds of American physicians will be working as salaried employees of large groups and hospitals. This movement has been underway for years. Over the last decade, the number of independent physicians was falling by about 2% a year. But these trends are now accelerating. 

The launch of the Euro and continuing EU market integration will increase the number of cross-border transactions, and a clearer frameworkfor the role of national authorities is needed.

The author covers the polls on banks.

Mergers between nonbank financial institutions and bank holding companies have the potential for extending the federal safety net that now stands behind the banking industry to nonbank activities.