U.S. efforts to speed natural gas exports as a way to loosen Russia’s grip on European energy supplies may be thwarted by lengthy reviews and developer reluctance to proceed with multibillion-dollar projects.
The Navy ordered a review of security at U.S. military facilities as Congress pressed the Pentagon to make public a report showing lapses in the way private contractors receive permission to work on bases.
A company hired by the U.S. Navy to manage passes for entry to Navy facilities issued some credentials to government contractors before their identities were vetted through criminal or terrorist databases, according to an audit by the Pentagon Inspector General.
Whether divining Chinese interest rate policy, worrying about U.S. government finances or valuing Spanish bonds, strategists in Edinburgh say one thing is clear about next year: politics trump economics.
Financial markets are more at risk from policy makers getting spending and interest rates wrong than rising oil prices, according to investment strategists in Scotland overseeing about 530 billion pounds ($850 billion).
John Thain, who sold Merrill Lynch & Co. for a premium at the height of the financial crisis, has transformed the once-bankrupt lender CIT Group Inc. into an enticing takeover target for some of the largest banks.