An official in Obama’s administration said on Saturday that the announcement of a rescue plan for the financial system is “on track“. CNN, citing... Read »
Fix the Accounting, Then Fix the System
Almost all of the bailout plans being discussed fail to consider a simple fact: without the homogenization of accounting rules, any plan will represent a piecemeal... Read »
Cyclists vs Structuralists
Robert Reich: Once the Stimulus Kicks In, the Real Fight Begins, by Robert B. Reich, Commentary, Washington Post: The real stimulus debate hasn’t even started... Read »
Contrary to fridays speculation that a snag had been over the thorny issue of how to price the “bad bank” assets, talks are said to have yielded agreement... Read »
According to WSJ the European Central Bank (ECB) is drawing up guidelines for European governments that are considering so-called “bad banks” to house banks’... Read »
In an interview Saturday British Prime Minister Gordon Brown warned that the global economy is slipping into a dangerous form of financial protectionism that could... Read »
All But the Kitchen Sink?
As the rhetoric around trade continues to deteriorate and the incidence of name calling rises, it is getting harder and harder to discuss global trade and monetary... Read »
A Federal District Court judge told a hearing on Friday that he will likely rule for chip maker Micron (MU) and against chip designer Rambus (RMBS) in a contentious... Read »
Take a look at this slideshow (bottom of page after u click on link). It displays how some of the billions in the House stimulus bill could affect you. Numbers are... Read »
Fortescue Metals Group Ltd., Australia’s third-biggest producer said the “iron ore market may have bottomed as demand from Chinese steelmakers recovers,... Read »
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