Google and a New York investment firm have decided to bankroll the most ambitious offshore transmission cable in history. The Atlantic Wind Connection (AWC), if constructed, would stretch three hundred and fifty miles from northern New Jersey to southern Virginia. The cable would be sunk into a trench dug fifteen to twenty miles offshore, and [...]

Regulators and central bankers from the eleven countries that make up the Group of Ten announced recently that they have agreed upon a set of reforms for the global banking industry. The proposal, known as Basel III, seeks to minimize banking crisis by greatly increasing both the size and quality of banks’ reserves. During the [...]

Representative Charles Rangel (D-NY) has resigned his chairmanship of the House Ways and Means Committee. The Harlem congressman’s resignation was precipitated by a resolution calling for his ouster that was rapidly gaining bi- partisan support. Supporters of the resolution included more than 12 democrats and several members of the Congressional Black Caucus. Mr. Rangel had [...]

Earlier this month, after more than four months of delay, Cadbury accepted Kraft Food’s takeover. The new conglomeration will be among the largest food makers, generating an estimated fifty billion dollars of revenue a year. It is projected that the combined company will capture roughly fifteen percent of the market for confectioneries, tying with US-based [...]

Is the stock market’s spectacular recovery reflective of real economic improvement?

Every company begins with a few people who have a good idea. However, having a good idea is pointless without capital to transform the idea into reality. The Boston College Venture Competition encourages students to develop their ideas while teaching them how to obtain the capital they need to turn their ideas into reality. The [...]