Summit Notebook

Any questions for the MTA?

May 6, 2009

With New York subway riders and motorists bracing for the second round of fare and toll hikes this year, we imagine some of you may have questions for Lee Sander. The chief executive of the Metropolitan Transportation Authority, the nation’s biggest public transit system, speaks at the Reuters Infrastructure Summit early Thursday. Post your questions for Sander below. Our MTA-commuting reporters will add a selection of them to their own long list and publish the answers on this blog.

AUDIO – Everything has a cost

May 6, 2009

There’s no such thing as a free lunch.

Or bridge. Or turnpike.

Every project we’re talking about at Reuters first-ever Reuters Infrastructure Summit has an enormous cost — sometimes in the hundreds of billions of dollars. And governments are looking for ways to pay for it all.

from LEGACY Reuters Summits:

Troubled Freddie Mac exec was “straight arrow”

April 30, 2009

James Lockhart, head of the Federal Housing Finance Agency

James Lockhart, head of the Federal Housing Finance Agency

The chief financial officer at Freddie Mac who died in an apparent suicide was a capable executive who had no involvement in any improper accounting, according to Freddie Mac's federal regulator.

SEC’s Schapiro says journalist job cuts worrying

April 29, 2009

Mary Schapiro, America’s new top cop for the securities industry, said the current mass culling of journalists’ jobs is a concern because it could reduce the number of leads that regulators get as they seek to crack down on nefarious behavior.

SEC’s Schapiro shows little interest in Cox’s pet projects

April 28, 2009

When he was chairman of the Securities and Exchange Commission, Christopher Cox got slammed by many for failing to protect investors during the worst financial crisis since the Great Depression, including missing Bernie Madoff’s massive Ponzi scheme. Now, to add insult to injury, his successor is showing little interest in his pet projects concerning corporate disclosure and accounting standards, and questioning whether at least one of them is even appropriate.

Barney Frank says “no right answer” to Merrill sale problem

April 28, 2009

Barney Frank indicated he isn’t as disturbed as some other lawmakers by revelations about the pressure that was brought to bear on Bank of America CEO Kenneth Lewis to complete the takeover of Merrill Lynch in the face of indications that Merrill’s financial position had deteriorated dramatically. Frank told the Reuters Global Financial Regulation Summit in Washington that “there was no right answer” over whether the government should have intervened to make sure the deal was done.

from Global Investing:

Clear road ahead for depressed Dubai

April 15, 2009

Dubai's deepening real estate slump has brought unexpected benefits to its time-poor urban residents.

from Global Investing:

The best of both worlds?

April 15, 2009

Combined Shariah and ethical/SRI products could be the way forwards for Islamic finance investing, according to Dr Humayon Dar, CEO at BMB Islamic, the Shariah consultancy at BMG Group.