Friday, May 2, 2008

Nobel-winning economist Gary Becker says ‘it would be a mistake if Congress and the president allow the present financial turmoil to panic them into inefficient new financial regulations’. . . Senator Frank Lautenberg (D-NJ) faces a tough road to reelection. . . Japan and South Korea are hoping to boost bilateral security ties. . . Saudi Arabia is set to launch its first-ever sovereign wealth fund. . . What is the real story on immigration and job competition?