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2008/09/19

Top Story: Is It the Dawn of the Reregulation Era?

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September 18, 2008
 

Insider Newsletter

A weekly summary of the best in BusinessWeek and BusinessWeek.com


NEWS  THIS WEEK'S TOP STORY

Is It the Dawn of the Reregulation Era?

Regulation has been
a dirty word in business,
and Washington,
for decades.
Government oversight
looks a lot better lately

Editor's Memo
Wall Street kept BusinessWeek.com busier than usual this week as we stayed on top of the craziness of Lehman, Merrill, AIG, and the Fed's statement. And we took the story beyond U.S. borders to Europe and Asia to see how far and fast the shock waves have traveled. Our Top Story this week is "Is It the Dawn of the Reregulation Era?" but be sure to check out all our insightful coverage of the financial crisis.

Our Small Business Channel this week gives you some sound advice on weathering financial storms and actual storms in "Ten Resources for Nervous Entrepreneurs" and "Lessons from Hurricane Ike. " But if you want to take your mind off the economy, visit out Lifestyle Channel, where we feature a story on CEOs-turned-Winemakers and the surprises in store for them as they trade the corner office for the cellar. And "Good to the Last Drop" tells you about a $2,000 a bottle Scotch&mdash if there's anyone left who can afford it.
-- Katherine Davis


  FROM THIS WEEK'S ISSUE OF BUSINESSWEEK
WALL STREET IN CRISIS
The Shakeout After Lehman, Merrill, AIG...
As credit stays tight, power shifts to Bank of America, Barclays, hedge funds, and private equity—and regulators will keep a more watchful eye

AIRLINES
Smaller Airlines Get Battered This Time
As the discount airliners' model implodes amid rising fuel costs and tightening purse strings, the major carriers get leverage for a change

WALL STREET IN CRISIS
Wall Street Staggers
What brought down the markets? Bad choices, greed—and never learning from past mistakes

  FROM BW.COM'S TECHNOLOGY CHANNEL
DIGITAL ENTERTAINMENT
Sirius XM Is in a Serious Bind
Mel Karmazin says regular radio "sucks," but his satellite radio operation is doing even worse. Sirius stock is at a five-year low

TECHNOLOGY
U.S. Cybersecurity Is Weak, GAO Says
The Government Accountability Office says the team responsible for protecting private- and public-sector computers isn't up to snuff

INFORMATION TECHNOLOGY
Is the U.S. Losing Its Edge in Tech?
The U.S. still leads the world in IT, but other countries are closing the gap, according to a new study for the Business Software Alliance

  FROM BW.COM'S SMALLBIZ CHANNEL

Ten Resources for Nervous Entrepreneurs
With Monday's dramatic global sell-off in the financial markets, you're probably already aware that the credit crunch will only get worse. We offer advice for business owners navigating a shaky economy

THE NEW ENTREPRENEUR
Lessons from Hurricane Ike
The devastation was fresh evidence that even a moderate hurricane can cause widespread damage. So the question is: How ready are America's small businesses for such disasters?

SMART ANSWERS
How to Find the Best Retail Location
Location is essential for new retailers. Once you determine your target customer, you can start to research a viable site

  FROM BW.COM'S ASIA & EUROPE CHANNELS
ASIA
Why Delhi Bombings Target Business
In strikes against busy markets and upscale shops, the shadowy Indian Mujahideen is going for "maximum chaos" and "maximum financial damage," police say

FINANCE, MARKETS & INVESTING
Lehman Shock Waves Hit European Bourses
Buying Lehman Brothers was a risk Barclays ultimately refused to take, adding to investor fears about the state of Europe's finance industry

  FROM BW.COM'S LIFESTYLE CHANNEL
EATING AND DRINKING
When CEOs Become Winemakers
Many successful CEOs love wine, and some choose to make their own. Then they find out just how difficult—and expensive—it can be

SHOPPING
Discount Designers
As the economy struggles, high-fashion designers like Vera Wang and Stella McCartney are finding success in selling lower-priced lines

EATING AND DRINKING
Good to The Last Drop?
A blend of some 70 rare malt whiskies, The Last Drop sells for $2,000 a bottle. Is it worth it?

  FROM BW.COM'S INNOVATION & DESIGN CHANNEL
IN FOCUS
Can America Invent Its Way Back?
"Innovation economics" shows how smart ideas can turn into jobs and growth—and keep the U.S. competitive

INNOVATION & DESIGN
Philips: Philanthropy by Design
How Philips, working with nonprofits, is tackling the low-tech needs of the world's poor

  FROM BW.COM'S INVESTING CHANNEL
TOP NEWS
The Fed's Focus: Lending, Not Cutting
Bernanke and Co., seeing a rate cut as the wrong treatment for now, are stepping up as a lender of last resort to cash-hoarding banks—and AIG as well

BANKING
Is Washington Mutual the Next to Fall?
The Seattle-based S&L, much exposed by the housing bust, has seen its stock plummet. But a new CEO is working to shore up confidence

INVESTING
Markets: What You Should Be Watching Now
What signals should investors pay attention to as financial markets gyrate? Here's what the pros are looking at

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