An editorial in the Wall Street Journal looks at recent efforts by the Japanese government to use anime and manga to promote Japan’s image abroad.


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(The Wall Street Journal) — McGraw-Hill replaced the top executive at Standard & Poor’s as criticism of the company’s financial-information division mounts for its role in the unfolding sub-prime mortgage crisis.


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(The Wall Street Journal) — Barclays, for the second time in less than two weeks, tapped the Bank of England for short-term funding and blamed a breakdown in the UK’s bank clearing system for needing the funding, according to people familiar with the situation.


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(RTTNews) - U.S. President George W. Bush is responding to the subprime mortgage issue with a plan to help homeowners deal with the crisis. Reuters and the Wall Street Journal report that Bush will outline reforms on Friday to assist homeowners in avoiding default on subprime loans.


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Kremlinology, 21st century style; the blogosphere watches the Fed watchers.


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Stocks headed for a lower open on Thursday due to uncertainty about when the Federal Reserve would cut interest rates and as mixed reports on the economy spurred caution.


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U.S. stock futures were weaker Thursday despite encouraging data on the health of the economy as investors pondered whether the Federal Reserve will cut short-term interest rates.


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FRANKFURT (Reuters) — The U.S. Federal Reserve is not rushing to cut benchmark interest rates because it wants to break investors of the view that the central bank is there to bail them out, an article in the Wall Street Journal said on Thursday.


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The U.S. Federal Reserve is not rushing to cut benchmark interest rates because it wants to break investors of the view that the central bank is there to bail them out, an article in the Wall Street Journal said on Thursday.


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