From Europe to India, policymakers are grappling with the fallout from the harrowing, 20-minute stock market meltdown in May that was quickly dubbed the “flash crash”. Electronic markets are suddenly suspect. But will regulators try to reign in modern trading advances?
Our latest special report profiles one of the more colorful figures in the hedge fund world — William Ackman. Wall Street Investigations editor Matthew Goldstein teamed up with funds correspondent Svea Herbst-Bayliss, who was in New York this week for the Value Investing Conference.
In Britain, the coalition government is readying its “comprehensive spending review” later this month. Rather than get caught up in chasing which government departments or bodies will be cut, two of our reporters focused on a single council – in this case, the City of Birmingham, which happens to be the biggest local authority in Europe – and explored what it’s doing to prepare for the change ahead.
Our latest special report is not a feel-good story. Catherine Bremer visited an orphanage in Ciudad Juarez, the epicenter of Mexico’s drug war, to tell the largely overlooked story of the tens of thousands of children whose lives are blighted by drug violence.
UPDATED: Congratulations to Murray Waas whose special report on insurers dropping patients with breast cancer has won the Barlett & Steele Award for investigative business reporting.
We’re getting a lot of good feedback on our special report on cozy ties between Wall Street and the Fed. As one Wall Street economist put it: “I’ve never seen the ‘Fed Alumni Association’ used more extensively for back-channel communications with the Street than has been the case since June.”
Some assignments are tough in this business. Getting embedded in a U.S. tank in an Iraqi desert. Gulping tear gas during a riot. Spending hours at an APEC conference desperately seeking news in the snooze-fest.