Massachusetts

Sites like RelayRides and Airbnb are in the vanguard of rental services for all manner of private property, from automobiles to power saws to spare bedrooms

by Damian Paletta and David Enrich

Barney Frank Goes to Bat for Lender, and It Gets an Infusion

Troubled OneUnited Bank in Boston didn't look much like a candidate for aid from the Treasury Department's bank bailout fund last fall.

The Treasury had said it would give money only to healthy banks, to jump-start lending. But OneUnited had seen most of its capital evaporate. Moreover, it was under attack from its regulators for allegations of poor lending practices and executive-pay abuses, including owning a Porsche for its executives' use.

By Frank W Moore, IDDS Research Analyst
INTRODUCTION

In the past decade China's growing military capability hasattracted a great deal of attention, but details about the currentand likely near-future state of China's military power have beenin short supply. While it is true that China is modernizing itsforces and increasing defense spending, the prospective improvementsin overall military capability need to be set against the verylow-technology starting point of China's armed forces.