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Obama adviser paid millions as hedge fund director (AP)
Lawrence Summers, President Barack Obama's top economic adviser, earned millions over the past year as managing director of the hedge fund D.E. Shaw Group and through speaking fees, some from financial institutions now at the center of the government's rescue program.
yahoo.com

IDFC Pvt Equity to invest Rs 3,000 cr in power projects
Green Infra Ltd, promoted by IDFC Private Equity fund, is set to invest over Rs 3,000 crore in renewable power generation projects in India by the end of the current Plan period (2012).
Business Standard

State pension funds weigh toxic assets: report (Reuters)
Representatives from at least 15 U.S. states discussed with a federal regulator the possibility of using their pension funds to buy troubled loans and securities, or 'toxic assets,' the Bergen County Record in New Jersey reported.
yahoo.com

`Virtual Currency` To The Rescue?
One outcome of this week's meeting of the G-20 nations was a vast increase in a little-known currency: the International Monetary Fund's special drawing rights, or SDRs. Former IMF economist Simon Johnson talks with host Robert Smith about how world leaders hope that creating more SDRs will ease the financial crisis.
NPR

US state pension funds weigh toxic assets - report - Reuters
CHICAGO, April 4 (Reuters) - Representatives from at least 15 U.S. states discussed with a federal regulator the possibility of using their pension funds to buy troubled loans and securities, or "t...
Big News Network

State pension funds weigh toxic assets: report
CHICAGO (Reuters) - Representatives from at least 15 U.S. states discussed with a federal regulator the possibility of using their pension funds to buy troubled loans and securities, or 'toxic assets,' the Bergen County Record in New Jersey reported.
Reuters

Lawmakers adjourn without transportation funding solution
The Georgia General Assembly ended its 2009 session Friday night without acting on transportation funding, an issue business leaders in metro Atlanta and across the state had labeled their top priority.
Biz Journal

Swoopo raises $10 million for its online auction site
Swoopo the online auction site with a twist has bagged in $10 million in second round of funding. The funding was provided by August Capital adding up to its previous round of $4 million. The site offers real time bids just like auctions in real, place a bid, the clock ticks and if no one else comes up with a better one, the object is yours. We at Startup Meme liked the startup very much when it launched earlier.---Related Articles at Startup Meme:ClickPass embeds Google, Hotmail, Yahoo and Facebook into its OpenID.12seconds- a micro video messaging service or call it a true “twitter video”
Startup Meme

Tadawul index up 5.28% on Sabic, insurers
Saudi-Arabia's Tadawul followed the bullish global mood at world exchanges from last week, closing 5.28% higher at 4,966.38 points. Market bellwether and petrochemical giant Sabic jumped 9.97% on higher oil prices (gaining $4 per barrel) after world leaders decided on Thursday to tighten regulation of the global financial system and to pledge more than $1 trillion to bolster lending by the International Monetary Fund (IMF) to nations in need. Saudi-Arabia is the only Arab G-20 member state and warned the industrial nations of higher import duties for goods frmo emerging markets. Insurance firms also gained, with both Tawuniya and SABB Takaful advancing by 10% straight. Only six out of 126 shares declined, with Aldress Petroleum and Transport Servies losing 5.47%.
AME

Tadawul index up 5.28% on Sabic, insurerers
Saudi-Arabia's Tadawul followed the bullish global mood at world exchanges from last week, closing 5.28% higher at 4,966.38 points. Market bellwether and petrochemical giant Sabic jumped 9.97% on higher oil prices (gaining $4 per barrel) after world leaders decided on Thursday to tighten regulation of the global financial system and to pledge more than $1 trillion to bolster lending by the International Monetary Fund (IMF) to nations in need. Saudi-Arabia is the only Arab G-20 member state and warned the industrial nations of higher import duties for goods frmo emerging markets. Insurance firms also gained, with both Tawuniya and SABB Takaful advancing by 10% straight. Only six out of 126 shares declined, with Aldress Petroleum and Transport Servies losing 5.47%.
AME

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