But we felt that we could not ignore the trends that are sweeping our industry and the global economy in general.

FORBES: ICA Moves Headquarters To Hong Kong To Meet Asian Demand

The Obama administration gave General Motors and Chrysler failing grades Monday for their turnaround efforts and promised a sweeping overhaul of the troubled companies.

CNN: General Motors CEO resigns as part of bailout deal

In chastising the way the investment banking industry works, the New York Attorney General who led the charge against the banks, called for a cultural reform and sweeping structural changes in the way the business operates.

FORBES: Settlement Splurge

General Musharraf has just won the Pakistani Parliament's agreement to let him keep the sweeping powers he has granted himself but, as the assassination attempts show, he is not in such a strong position to negotiate a compromise over Kashmir: he is hemmed in not just by Islamist hardliners but also by the armed forces, who are reluctant to abandon their support for Kashmiri separatists.

ECONOMIST: Back to playing cricket

Such a sweeping probe should also have been approved by senior Justice officials, at least by the Deputy Attorney General.

WSJ: Review & Outlook: A Journalist 'Co-Conspirator'