Michael Ignatieff's message to Obama: Crisis opens opportunities for partnership
Protectionism could lead to depression: Harper Posted: What's the deal with 'Buy American'?U.S. of Abel: Why should America care about Canada? Michael Ignatieff: The possibilities of partnership Jack Layton: An open letter to Obama Five issues Harper, Obama are likely to tackle Posted Podcast: [suite...]
Date: 2009-02-19 12:30:00
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Existing-Home Sales Plunge 5.3 Percent
Existing-Home Sales Plunge 5.3 Percent posted: 11 HOURS 41 MINUTES AGOcomments: 0 filed under: Financial Crisis, ... out of the worst auto sales slump in 26 years. Quote: F From DailyFinance: A Hollow Gesture Full Coverage [suite...]
Date: 2009-02-25 17:17:46
Stanford Bank Clients Can't Access Funds
Stanford Bank Clients Can't Access Funds posted: 5 HOURS 22 MINUTES AGOcomments: 0 filed under: R. Allen Stanford Panicky depositors were turned away from Stanford International Bank and some of its Latin American affiliates Wednesday, unable to withdraw their money now after U.S. regulators accused Texas financier R [suite...]
Date: 2009-02-18 23:10:59
DrumBeat: March 5, 2009
The Peak Oil Crisis: Oil in the Great Recession Currently world oil consumption is only down by a few million b/d from the all-time high levels of 2007-8. If this level of consumption holds, then the current OPEC production cuts of 3-4 million b/d seem to be on track to reduce stockpiles and force prices higher [suite...]
Date: 2009-03-05 13:55:51
Yes, we can
(Pour lire l’article en français, cliquez ici)George Soros has just written an interesting paper ( ... moral credit to convince his constituents and other countries to contribute to a new world order â [suite...]
Date: 2009-03-04 01:43:11
Scant Optimism in New Economic Outlook
Scant Optimism in New Economic Outlook posted: 15 HOURS 17 MINUTES AGOcomments: 0 filed under: Financial Crisis Following similar sentiments last week from the Federal Reserve, a new survey by the National Association for Business Economics projects the US economy will continue to shrink throughout 2009, [suite...]
Date: 2009-02-23 04:41:17
Stanford Reportedly Had Link to Bidens
Stanford Reportedly Had Link to Bidens posted: 5 HOURS 15 MINUTES AGOcomments: 0 filed under: R. Allen Stanford Skip over this content Getty Images The Wall Street Journal reports that a fund of hedge funds run by two members of Vice President Joe Biden's family was marketed exclusively by firms controlled by R [suite...]
Date: 2009-02-24 15:59:00
Jack Mintz: Risky business
Banks today are expected to price loans based on cheap credit from government, not risk. It’s a terrible idea By Jack M ... and businesses have shifted to the good old Canadian banks for credit. Banks, however, only provide ... to provide new credit, especially in asset-backed markets [suite...]
Date: 2009-02-28 03:57:59
USA Pink Sheets stock market PINK: CRVNF.PK - CUERVO RES INC (CRVNF.PK) Technical Analysis
Error in AFL formula: rough3va=-1; if (!IsEmpty(Trough1ba)) trough1va=arrayToWork]; if (!IsEmpty(Trough2ba[ ... ) USA Pink Sheets PINK: CACC.PK - CREDIT ACCEPTANCE (CACC.PK) USA Pink Sheets PINK: CADC.PK ... INC (CARD.PK) USA Pink Sheets PINK: CARSO.PK - CAPITAL AUTO PFD B (CARSO.PK) USA Pink [suite...]
Date: 2009-03-05 09:18:26
Top Ford Execs Take 30 Percent Pay Cuts
Top Ford Execs Take 30 Percent Pay Cuts posted: 47 MINUTES AGOcomments: 0 Skip over this content ... out of the worst auto sales slump in 26 years. Quote: F From DailyFinance: A Hollow Gesture Full [suite...]
Date: 2009-02-25 16:38:00
Saab Files for Bankruptcy Protection
Saab Files for Bankruptcy Protection posted: 20 MINUTES AGOcomments: 0 filed under: Bankruptcies Skip over this content ' Full Coverage Must Read: 0% 0% Share: IM Email Comments (0) Permalink Money Advertisement posted: 21 DAYS 13 HOURS AGOcomments: 0 Skip over this content Full Coverage Must Read: [suite...]
Date: 2009-02-20 11:03:10
Missing Billionaire Tracked Down by FBI
Missing Billionaire Tracked Down by FBI posted: 1 HOUR 50 MINUTES AGOcomments: 0 filed under: R. Allen Stanford FBI agents locate Texas billionaire R. Allen Stanford in Virginia and serve him with civil legal papers from the Securities and Exchange Commission [suite...]
Date: 2009-02-19 11:29:57
Stanford Asset Freeze Hits NY Yankees
Stanford Asset Freeze Hits NY Yankees posted: 1 DAY 1 HOUR AGOcomments: 0 filed under: R. Allen Stanford Yankees outfielders Johnny Damon and Xavier Nady are among the investors whose accounts were caught in a freeze by the government of a company affiliated with Robert Allen Stanford. Skip over this content [ [suite...]
Date: 2009-02-20 22:04:04
Citigroup Shares Break the Buck
Citigroup Shares Break the Buck posted: 6 HOURS 11 MINUTES AGOcomments: 0 filed under: Financial Crisis, Investing Skip over this content [ ... this content AP Photo After meeting with President Obama's auto task force, Sergio Marchionne [suite...]
Date: 2009-03-05 17:04:38
JPMorgan Chase to Shed 12,000 Jobs
JPMorgan Chase to Shed 12,000 Jobs posted: 23 MINUTES AGOcomments: 0 Skip over this content Getty Images JPMorgan Chase says that it will eliminate about 12,000 jobs as it folds in the operations of Washington Mutual, which it acquired last year [suite...]
Date: 2009-02-26 16:59:06
Crisis Worse Than Great Depression?
Crisis Worse Than Great Depression? posted: 5 HOURS 11 MINUTES AGOcomments: 0 Skip over this content Getty Images Former Federal Reserve chairman Paul Volcker, a top adviser to President Barack Obama, says the global economy may be deteriorating even faster than it did during the Great Depression [suite...]
Date: 2009-02-22 12:13:45
Mortgage Delinquencies Hit New Record
Mortgage Delinquencies Hit New Record posted: 7 HOURS 47 MINUTES AGOcomments: 0 Skip over this content ... AP Photo After meeting with President Obama's auto task force, Sergio Marchionne, the head [suite...]
Date: 2009-03-05 23:02:40
Can General Motors Turn Itself Around?
Can General Motors Turn Itself Around? posted: 9 HOURS 53 MINUTES AGOcomments: 0 filed under: Earnings Skip over this content AP As General Motors reports $30.9 billion in losses last year, its executives arrive in Washington hoping to negotiate another lifeline from the federal government, which has already supplied $13 [suite...]
Date: 2009-02-26 16:46:18
Japan Firm Halts BlackBerry Bold Sales
Japan Firm Halts BlackBerry Bold Sales posted: 4 HOURS 8 MINUTES AGOcomments: 0 filed under: Tech News Skip over this content AP NTT DoCoMo, Japan's biggest mobile phone operator, is halting sales of Research In Motion's BlackBerry Bold because the phone can overheat while the battery is being recharged [suite...]
Date: 2009-02-27 13:24:24
Obama Unveils $75B Mortgage Relief Plan
Obama Unveils $75B Mortgage Relief Plan posted: 7 HOURS 47 MINUTES AGOcomments: 0 filed under: Financial Crisis President Barack Obama announces a new $75 billion plan to help homeowners at risk of losing their homes. At the same time, the Treasury Department makes $200 billion available to Fannie Mae and Freddie Mac to help the mortgage [suite...]
Date: 2009-02-18 23:10:59
Deep Loss Expected From General Motors
Deep Loss Expected From General Motors posted: 9 HOURS 28 MINUTES AGOcomments: 0 filed under: Earnings General Motors Corp. will put hard numbers to its tough times when it reports its fourth-quarter and fiscal year results on Thursday. The nation's largest automaker -- along with its Big Three brethren, [suite...]
Date: 2009-02-26 01:56:07
Ford to Reopen Engine Plant in Ohio
Ford to Reopen Engine Plant in Ohio posted: 16 MINUTES AGOcomments: 0 Skip over this content AP Photo Ford Motor announces it will reopen an engine assembly plant in Ohio. Cleveland Engine Plant No. 1, which has undergone a $55 million retooling since its last shutdown in May 2007, [suite...]
Date: 2009-02-27 23:14:41
AIG Said Planning to Seek More US Aid
AIG Said Planning to Seek More US Aid posted: 12 HOURS 14 MINUTES AGOcomments: 0 filed under: Financial Crisis Skip over this content Getty Images American International Group says that it's evaluating "potential new alternatives" to tackle its financial problems [suite...]
Date: 2009-02-23 04:41:17
PC Maker Dell Profit Sinks 48 Percent
PC Maker Dell Profit Sinks 48 Percent posted: 58 MINUTES AGOcomments: 0 filed under: Earnings, Tech News Computer maker Dell says its profit plunged 48 percent for the fourth quarter, underscoring the challenging environment facing technology companies during a prolonged economic downturn [suite...]
Date: 2009-02-26 22:47:58
GM, Chrysler Seek Billions More in Aid
GM, Chrysler Seek Billions More in Aid posted: 9 HOURS 47 MINUTES AGOcomments: 0 Even as they outline their strategies to return to viability and repay mounting government loans, struggling automakers General Motors and Chrysler request billions more in new aid to cope with the increasingly bleak marketplace [suite...]
Date: 2009-02-18 01:40:18
How the Crash Will Reshape America
My father was a child of the Great Depression. Born in Newark, New Jersey, in 1921 to Italian immigrant parents, he experienced the economic crisis head-on. He took a job working in an eyeglass factory in the city's Ironbound section in 1934, at age 13, combining his wages with those of his father, mother, [suite...]
Date: 2009-02-24 05:49:37
US Boosts Stake in Struggling Citigroup
US Boosts Stake in Struggling Citigroup posted: 2 HOURS 20 MINUTES AGOcomments: 0 filed under: Financial Crisis Skip over this content Getty Images Citigroup, one of the hardest hit banks during the financial crisis, says it has reached a deal that will give the government up to a 36 percent stake in the struggling bank [suite...]
Date: 2009-02-27 16:12:50
Will GM Be Forced Into Bankruptcy?
Will GM Be Forced Into Bankruptcy? posted: 5 HOURS 54 MINUTES AGOcomments: 0 filed under: Financial Crisis Skip over this content [ ... AGOcomments: 0 Skip over this content AP Photo After meeting with President Obama's auto task force [suite...]
Date: 2009-03-05 14:34:28
Internet Giant Google Lets Cash 'Pile Up'
Internet Giant Google Lets Cash 'Pile Up' posted: 4 HOURS 45 MINUTES AGOcomments: 0 filed under: Tech News Google CEO Eric Schmidt, who recently noted that the Internet giant was not immune to the economic downturn, says the company plans to let its cash "pile up" and will only use its $8 [suite...]
Date: 2009-03-05 12:48:46
What Will Treasury's Stress Tests Mean?
What Will Treasury's Stress Tests Mean? posted: 15 HOURS 30 MINUTES AGOcomments: 0 filed under: Financial Crisis The Obama administration's plan to assess anew the health of the nation's struggling banks has drawn comparison to Great Depression-era efforts the government used to isolate at-risk institutions and focus investment in the financial [suite...]
Date: 2009-02-23 04:41:17
Swiss Bank UBS Had 47,000 US Accounts
Swiss Bank UBS Had 47,000 US Accounts posted: 11 HOURS 5 MINUTES AGOcomments: 0 Skip over this content AFP/Getty Images Although the Swiss bank still won't identify most of its American account holders, UBS confirms that as of Sept. 30, it had 47,000 accounts held by wealthy U.S [suite...]
Date: 2009-03-04 23:26:51
Bank Woes Drain Deposit Insurance Fund
Bank Woes Drain Deposit Insurance Fund posted: 11 HOURS 57 MINUTES AGOcomments: 0 Skip over this content AFP/Getty Images Federal Deposit Insurance Corp. Chairman Sheila Bair says accelerating bank failures are draining her agency's resources [suite...]
Date: 2009-03-04 23:24:03
GE Cuts Quarterly Dividend to 10 Cents
GE Cuts Quarterly Dividend to 10 Cents posted: 14 MINUTES AGOcomments: 0 Skip over this content Getty Images Conglomerate General Electric is slashing its dividend by 68 percent as the company seeks ways to strengthen its balance sheet amid the financial crisis [suite...]
Date: 2009-02-27 23:14:41
President Obama Vows to Halve Deficit
President Obama Vows to Halve Deficit posted: 9 HOURS 18 MINUTES AGOcomments: 1 Speaking at a White House summit on nationwide budget challenges, President Barack Obama pledges he will cut the federal deficit in half during his first term, in sharp contrast to the spate of desperate spending to shelter the nation's battered financial industry [suite...]
Date: 2009-02-23 04:41:17
PROMISES from Barack Obama, and PROBLEMS He will Faces in Delivery of his PROMISES.
Looking at the NUMEROUS PROMISES Barack Obama made throughout his presidential campaign, one has to throw doubts at some of his promises ... credits from the government to emit carbon dioxide. That plan would produce hundreds of billions ... . He would also provide substantial financial help to the auto industry to develop high-mileage [suite...]
Date: 2008-11-09 14:32:47
Northern Trust Under Fire Over Parties
Northern Trust Under Fire Over Parties posted: 11 HOURS 19 MINUTES AGOcomments: 0 Another bailed-out bank is coming under fire after hosting parties and other events connected to its sponsorship of a professional golf tournament. Northern Trust, which has received $1 [suite...]
Date: 2009-02-24 23:15:48
GM Moves Quickly to Shed Brands
GM Moves Quickly to Shed Brands posted: 4 HOURS 33 MINUTES AGOcomments: 0 General Motors Corp. moves from notifying the U.S. government that it wants to shed its Swedish brand Saab to placing it in reorganization in just three days. A GM spokesman says the company hopes to be out of Saab "by the end of the year [suite...]
Date: 2009-02-22 12:50:51
Bernanke Says Recession May End in '09
Bernanke Says Recession May End in '09 posted: 16 MINUTES AGOcomments: 0 filed under: Financial Crisis Skip over this content [ ... if the stagnant credit markets can begin confidently lending again. "Only if that is the case [suite...]
Date: 2009-02-24 16:58:35
Bernanke Again Denies Nationalization
Bernanke Again Denies Nationalization posted: 11 HOURS 44 MINUTES AGOcomments: 1 Skip over this content AFP/Getty Images Federal Reserve Chairman Ben Bernanke again rejects speculation that the government may nationalize Citigroup or other big banks [suite...]
Date: 2009-02-25 20:28:56
HUD Secretary Asks Banks to 'Step Up'
HUD Secretary Asks Banks to 'Step Up' posted: 8 HOURS 45 MINUTES AGOcomments: 0 Housing Secretary Shaun Donovan says banks need to "step up to the plate" and help President Barack Obama implement his sweeping assistance package for homeowners facing foreclosure [suite...]
Date: 2009-02-19 11:29:57
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