Understanding Jon Corzine's Big Bet on Europe →
Secret Fed Loans Gave Banks $13 Billion... →
“On Nov. 26, 2008, then-Bank of America (BAC) Corp. Chief Executive Officer Kenneth D. Lewis wrote to shareholders that he headed ‘one of the strongest and most stable major banks in the world.’ He didn’t say that his Charlotte, North Carolina-based firm owed the central bank $86 billion that day.”
Europe's Insult Deplomacy →
Is it any wonder that a deal among European Union leaders is hard to come by? Just look at what they say about each other. British Prime Minister David Cameron called French President Nicolas Sarkozy “a hidden dwarf” as part of a joke told to a journalist. German Chancellor Angela Merkel referred to Sarkozy as “Mr. Bean,” while Sarkozy called her “La Boche,” or the Kraut. Spanish Prime Minister...
Winds of Economic Change Blow Away College Degree:... →
As a result, in the future, a college degree by itself will be less likely to guarantee a high wage. Ongoing economic globalization may even reduce the gap between the 90th percentile and 50th percentile, but continue to widen it between the 99.9th percentile and the 90th percentile. The most recent spending cuts have tended to be largest in those states with the sharpest increases in Medicaid...
Top U.S. companies urge new Internet trade rules →
Methinks that when Google, Microsoft, IBM, GE and Citigroup all get behind something, the ball may start rolling…