Positive Drivers in Negative Environment
The Financial Times on US stocks' best weekly performance in 30 years. Note the followiing in particular: For the
Jumping Before They Could Be Pushed
From today's Financial Times. Mercifully, and for once recently, the biggest news story of the day is relatively
How the Other Half Recapitalizes
From today's International Herald Tribune: Barclays to raise 7.3 billion pounds in share sales, mostly to Mideast
Not Just an American Problem
From today's Guardian: Rescued bank to pay millions in bonuses RBS 'making monkeys' out of the
Protesters Disrupt Frankfurt Stock Exchange
Missed this earlier this week--hat-tip to Ben Collins. FRANKFURT, Oct 27 (Reuters) - Protesters from the anti-establishment Attac
Teamsters to Own Part of WonderBread?
Posted by Steven L. Robinson on lbo-talk: "In the Great Depression, the folk wisdom was that baking was
Interpreting Friday's Craziness
Some snippets from today's Financial Times lead piece. All are horrific. Looming recession batters stocks By Michael Mackenzie
Capitalism with American Characteristics
Creeping socialism continues. Of the costs, anyway....From today's Financial Times: Treasury urged to aid car and insurance
It Wasn't Just an Overreaction
Stock markets got hammered today, but it was nowhere near as bad as some (including me) had feared it might
AIG Keeps Sinking
AIG executives, back from their spa retreat and British hunting trips, are busily back at work throwing tax dollars into
Dean Baker: Why Economists Get It Wrong
Another insightful commentary from the inestimable Dean Baker: Unlike custodians, cab drivers, or dishwashers, economists are not held accountable for
Chrysler Slashes Workforce
Chrysler announced that it will cut 25% of its white-collar workforce of 17,300 by the end of the