The Asian Development Bank Cuts China 2009 GDP Forecast
The Asian Development Bank said Tuesday it cut its forecast for China’s economic growth this year to 7%, because the impact of the global financial crisis... Read »
Will the Stimulus Work? Reasons to Doubt the Romer-Bernstein Spending Multiplier Estimates
US economic advisers called for aggressive fiscal stimulus, and some support further measures. But many macroeconomists are not so sure. This column analyses fiscal... Read »
Iceland a Spectacularly Bankrupt Nation
The severe economic destabilization in Iceland is part of a complex global financial crisis and is by no means an isolated event. However, the country, which is... Read »
Citigroup, Wachovia Reach $4.7B Settlement with Calif. Regulators
“California regulators said Monday that Wachovia Corp. and Citigroup Inc. have agreed to return a total of $4.7 billion to state residents who bought auction... Read »
Some CEOs Raising Questions On Wagoner’s Fate
“Watching the president of the United States effectively fire the chief executive of General Motors Corp. unnerved some other CEOs, who said the move crossed... Read »
Cramer Sees No Catalyst for Comcast (CMCSA)
“I am recommending no cable companies. I was hoping that Apollo would not get Charter. And Comcast the would get their teeth into it. I don’t like this titanic... Read »
My Favorite Way to Protect Against Inflation
The U.S. Treasury Secretary said something very disturbing this weekend. It wasn’t about the bank bailout though. It wasn’t about how the administration decided... Read »
Chrysler Has 30 Days to Get Its Act Together or Face Bankruptcy
Chrysler has 30 days to cut a deal with Italian automaker Fiat. The Obama White House said on Mar. 30 it has determined that Chrysler’s only avenue of survival... Read »
‘Half Off’ for Boston’s Most Famous Skyscraper
Boston’s John Hancock Tower, the tallest skyscraper in New England, may be sold to lenders led by Normandy Real Estate Partners for about half the $1.3 billion... Read »
GM Bondholders Show Flexibility
Brief – GM bondholders remain willing to reduce automaker’s future debt burden by exchanging a substantial part of their debt for equity. Bondholders... Read »






