"An angry mob of investors and taxpayers is assembling, and they want to see some executives' heads on pikes. The question for the courts will be, Who was just foolish with our money - and who was lying, cheating, and stealing?"
SÃO PAULO - Apesar da indefinição de Wall Street, a perspectiva de recuperação da demanda pelas commodities garante uma tarde de fortes ganhos ao Índice Bovespa, com as ações da Vale de protagonistas. Lá fora, as idéias de Obama para reanimar a economia dividem espaço com preocupações com o cenário corporativo.Nesta segunda-feira (5), as montadoras reportam ao mercado seu desempenho
A New York Times front-pager on Sunday that examined the ties between Sen. Charles Schumer (D-N.Y.) and Wall Street employed data from the Center for Responsive Politics.
Schumer has received more money from the securities and investment industry than almost any other member of Congress since 1989-$6.2 million. (Only President-elect Barack Obama and other 2008 presidential [...]
8 really, really scary predictions by Fortune Magazine - snip:Dow 4,000. Food shortages. A bubble in Treasury notes. Fortune spoke to eight of the market's sharpest thinkers and what they had to say about the future is frightening... We are in the middle of a very severe recession that's going to continue through all of 2009 - the worst U.S. recession in the past 50 years. It's the bursting of a h
NEW YORK (Reuters) - Stocks rose in a choppy session on Wednesday as a rebound in oil prices and other commodities lifted energy, mining and materials shares, offsetting nervousness over whether Washington will agree on a bailout for ailing car makers.
Oh yes, WSW is gonna throw another shrimp on the barbie starting this Friday night on their SBS channel
That makes it double digit countries that WSW is in now internationally…you can see the...
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Economic Slowdown to Dampen Global Mobile-Phone SalesWall Street Journal -Nov 25, 2008By ADAM EWING Global mobile-phone sales are set to drop next year as the economic slowdown hits consumer demand world-wide, research firm Gartner Inc. said …UPDATE: Gartner Sees Single-Digit Fall In 2009 Device SalesCNNMoney.comGlobal mobile phone sales top 309m in three monthsMobileShop.c
Obama Says Wall Street Executives Should Forgo Holiday Bonuses
President-elect Barack Obama said executives at Wall Street banks should forgo their Christmas bonuses.
By Kim Chipman
Nov. 26 (Bloomberg) — President-elect Barack Obama said executives at Wall Street banks should forgo their Christmas bonuses.
“That’s an example of taking responsibility,” Obama told Barbara Walters in an i
The Free Market Isn't Going AnywhereI've abandoned talking about free markets for a few weeks, but today I'm back with another installment in my if-you-can-still-call-it-a-series on free market ideas, the first was the ever-popular and ever-scorned, Why I Still Support the Free Market.Also, anyone looking for more in-depth understanding of my basic economic philosophies should head to my favorite
Wall Street’s Crises, Wall Street bailout, bulls, bears, up, down, Wall Street rallies after government rescue…. Just a few of the latest headlines….
Jerry Reynolds Photography
On Monday Barack Obama will publicly announce his pick for Treasury Secretary. Sources close to the decision have said that Obama will name the president of the Federal Reserve Bank of New York Timothy F. Geithner to be his Treasury Secretary.In a week where the stock market dipped to a 16 year low, Obama began moving quickly to form an economic team to calm fears.Obama had hoped to focus first o
Just wanted to take a minute and point out that this awesome economy has obviously affected the advertising industry and in turn all the major media/publications. So, you can save a ton of money and get cheap subscriptions to the two most popular financial publications: The Wall Street Journal & Investors Business Daily.I had no idea it had gotten this cheap, but you can now get the Wall Stre
KUALA LUMPUR: A sharp overnight slump on Wall Street sent shares across Asia skidding on Thursday. On Wednesday, the Dow Jones Industrials Average Index fell over 5%, sending US stocks to their lowest close in five years, and below the recent October lows. Investors reacted negatively to growing concerns over the health of the US economy, and in particular the financial and automotive sectors. The
The Dow Jones has plunged below the 8,000 mark as investors pulled money from the markets. We’re entering territory that has not been seen since 2003. This massive sell off is believed to be an indication that investors feel that we are dealing with a much larger and more protracted recession after key indicators have pointed that way. Financial stocks were hit hard today. The S&P lost o
Curtailment of revenue and mounting job losses take faith on market away from investorsThe second week of November, 2008 witnessed extreme volatility in Wall Street and huge swings between indices became a very common thing among investors. Though there were a couple of late rallies during the week, market, nevertheless, witnessed substantial losses for the week that ended on Friday, 14 November,
I have written before about power before looking at the principalities and powers as seen by Matt 22.15-22. (Power I and Power II)Distinguishing the three world powers in the story, I went on to look at the powers represented by money, popularity, and control. These meditations have continued to preoccupy me, especially in the current environment. What came to me is that those three powers are ea
The End by Portfolio.com - snip:To this day, the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars to dispense investment advice to grownups remains a mystery to me. I was 24 years old, with no experience of, or particular interest in, guessing which stocks and bonds would rise and which would fall. The essential function of Wall Street is to allocate capital
US Wall Street Crash - Explained in Madras Slang If CNN and Fox News have not succeeded in educating you about the current money crisis in US, here is a piece of conversation all the way from Chennai!! A conversation between two Chennai auto drivers while attending the Gandhi Jayanthi celebrations of their auto drivers association: Peter and Gopal. Peter: Enna Go
El Dow Jones cierra en 8.695 puntos (- 4,85%). Deja una vela negra a nivel diario que es idéntica a la de ayer; ... una tercera de esta naturaleza conformaría un patrón de velas "superbajista".Según nuestro recuento de ond...
by Steve Selengut
There’s a bright light at the end of the tunnel— finally. Most of the really well respected, long term investors are advising their audiences to hang in there, to stop the panic selling, and to look for the great companies that have withstood the economic downturns of the past.
Buffet, Bogle, Gross, Schwab, and [...]
The world is in the midst of a financial crisis caused by the irresponsible lending of America’s banking system. Despite this, and a multi-billion dollar government (ie taxpayer) bailout, humbled institutions are still planning to pay huge bonuses to the staff that created the mess.
Bloomberg.com reports: “Three of the firms [that received public handouts], Goldman [...]
GREAD READ…
By FOUAD AJAMI - Wall Street Journal Online
There is something odd — and dare I say novel — in American politics about the crowds that have been greeting Barack Obama on his campaign trail. Hitherto, crowds have not been a prominent feature of American politics. We associate them with the temper of Third World [...]
Ibex 35 cae un 1,30 %, hasta los 7.905,40 puntos. En buena parte de la jornada llegó a subir más del 2% hasta llegar a las pérdidas.Página principal de asesor de bolsaSu máximo de 8.244 y su mínimo en 7.820 puntos.- El volumen de negociación alto: 3.400 millones de euros.Claves del mercado:- Ibex se comportó peor que el resto de Europa. - Buen comportamiento de las bolsas asiáticas- En Al
NEW YORK (Reuters) - Stocks rose more than 10 percent on Tuesday, the second-biggest point gain ever for the Dow and S&P, after investors scooped up beaten-down shares on optimism that the U.S. Federal Reserve and other central banks will cut interest rates further.
Wall Street marks grim anniversary of 1929 crash 1/2 Crowds panic in the Wall Street district of Manhattan due to the heavy trading on the stock market in New York City on Oct.
Reuters - Stocks closed at their lowest levels in 5-1/2 years on Monday, extending a global sell-off as worry about the severity of a global recession and the bleak outlook for profits gripped investors.
Another freaky Friday thumps global equities, as fears of recession loom largeStocks on Wall Street closed the last session of the week well off their intraday lows but convincingly below the unchanged line. The decline came as investors reacted to a panic fueled by overall weakness in the global markets combined with falling commodity prices. The mood was actually set for bigger fall as before th
CBS's '60 Minutes' has an excellent report on the unregulated betting that is bringing down our economy. Steve Kroft examines the complicated financial instruments known as credit default swaps and the central role they are playing in the unfolding economic crisis. Watch CBS Videos Online
Traders and investment bankers might have more to worry about than dwindling bonus pools this year as mass firings on Wall Street are set to hit a record.The fallout from this year's global credit crisis has claimed jobs throughout Wall Street, from hedge fund managers to floor traders and beyond. More than 110,000 people have lost their jobs so far this year, and some industry experts forecast it
Ibex 35 cae un 5,20 %, hasta los 8.353,20 puntos. Mínimo anual de nuevo. Llegó a caer hasta un 8 % en la sesión.El Ibex cae un 13,5% en la semana y cerca de un 45% en el 2008. Página principal de asesor de bolsaClaves del mercado:- Ibex afectado por la situación de Argentina, ya que las principales empresas del Ibex 35 tienen intereses en Latinoamérica y no se descarta que la mala situación
Tonfo a Piazza Affari, che chiude a -4,96%. Soffrono anche le altre piazze del Vecchio Continente: bruciati 230 miliardiMILANO - Una giornata nera, come quella, storica, di un altro 24 ottobre, quello del 1929. A mandare a picco le Borse di tutto il pianeta è l'allarme recessione, un fantasma sempre più concreto dall'America all'Europa. Dopo il crollo dei mercati asiatici (Tokyo ha ceduto il 9,6
Reuters - Stocks tumbled to 5 year lows on Wednesday as investors grappled with an increasingly dire outlook for the global economy following a raft of disappointing profits and outlooks from major U.S. companies.
Editorial Reviews
From Publishers Weekly
If you’re looking for tips on becoming a better poker player, you’ve probably come to the wrong place. Brown does cover the game’s basics and shares plenty of stories from his early card-playing days, which include Harvard games with the likes of Scott Turow. [...]
Reuters - The Federal Reserve and governments around the world loosened strained financial markets on Tuesday by pumping in more money and launching bank rescues, but poor corporate profits and recession fears drove down commodities and U.S. stocks.
It looks very likely that Obama will win and Democrats will gain additional seats. Political preferences aside, history says that a unified government is bad for markets. And the impact will be dramatically worse than historical precedent if Obama's "21st-century regulatory framework" is applied. In his view, the global financial crisis is the result of US deregulation and Wall Street greed. This
Ibex 35 subió un 2,99 % ,hasta los 9.944,30 puntos, cerrando en los máximos de la jornada de hoy 20 de octubre. - El volumen de negociación bajo: 3.600 millones de euros.Claves del mercado:- ING subió más de un 20 % tras recibir una inyección de 10.000 millones de euros por parte del Gobierno holandés. Menos mal que dicen que no era un rescate (esto lo digo con una sonrisa en los labios de
Wall Street cierre DOW JONES 8.852,22 -1,41 %- Cierra la semana con una revalorización del 4,75 %. - Pierde un 33,2 % en lo que va del 2008. - NASDAQ 100 1.311,72 -0,10 % .- S P 500 940,55 -0,62 %. - NASDAQ COMPOSITE 1.711,29 -0,37 %. Claves del mercado:- Volatilidad, en la que el Dow llegó a caer hasta un 2,9% y a subir un 3,3%.- Datos macroeconómicos de EEUU malos- Datos de construcción
Los índices americanos están en zona del cierre de ayer a una hora de terminar la negociación. No hay figura de vuelta en gráficos horarios y todo apunta a que está habiendo una descarga de sobreventa previo a ...
- El Ibex 35 bajó un 4,11 % ,hasta los 9.308,20 puntos. - El volumen de negociación ridículo: 2.000 millones de euros.Claves del mercado:- Volatilidad y desconfianza.- El IPC de Estados Unidos se mantiene estable en septiembre, lo que puede permitir nuevas bajadas de tipos. - La Fed ha publicado el índice de actividad empresarial la región de Filadelfia, reflejando una brusca bajada de la a
It was quite the Thursday on Wall Street. A weak president, under-regulated credit markets, and investor greed finally began to take their full toll on share prices, and after years of unprecedented growth, the markets fell by more than 6%...
- El Ibex 35 bajó un 5,06 % ,hasta los 9.706,80 puntos, en mínimos del día. - El volumen de negociación bajo: 4.300 millones de euros.Claves del mercado:- Lógica bajada tras 2 días de subidas. Los peores: eléctricas y constructoras.- Datos macroeconómicos negativos de EE UU, con una caída en las ventas al por menor en EEUU. Las perspectivas de un menor consumo amenazan el crecimiento ec
In 1989 the Berlin Wall fell, in October 2008, the Wall Street Wall fell together with the delirium of globalization governed by those who gained from it.The USSR no longer exists. The United States, for now still exist and they are teaching us economy, finance and freedom. They protect us, collapsing our banks, our Stock Exchanges. I don’t believe that Banks will go bust ( too many VIP involve
Dow jumps 936 points — biggest one-day gain — on news of bank helpAPOctober 14, MSNBCNEW YORK - Wall Street stormed back from last week's devastating losses Monday, sending the Dow Jones industrials soaring a nearly inconceivable 936 points after major governments' plans to support the global banking system reassured distraught investors. All the major indexes rose more than 11 percent.The mar
Markets are up for that money. Do not be fooled. There is much room for them in the fall.
But in the current crisis: It has been developing for two decades.
Again, is a wise and astonishing piece of commentary, the latter on the economic catastrophe that its author, Edward Jay Epstein, differs in its elegant and [...]
Here is a photo from Wall Street on September 29th when things got really bad.Here is a photo from Wall Street taken today when stocks soared an amazing 936 points. It's good to see them doing so much better.
It should be an interesting week. High anxiety on Wall Street won't subside this week as the deepening credit crunch pushes the global economy into recession, and corporate profits increasingly become an afterthought as investors scramble to raise enough cash to weather the credit crisis.On the heels of a panic-riddled sell-off that caused the Dow industrials and the S&P 500 to plummet for eight d
Gothamist had a reader send in some pics of someone who spray painted the balls blue on the Wall Street Bull. They said its gone now but they managed to snap a few picks before it was cleaned up. I figured it would be good to add some humor in here considering how brutal everything's been lately.(click to enlarge)
Cierre de Wall Street - EEUU : Miedo e incertidumbre sobre Wall Street.Volumen de negociación altísimo.En el momento que se calmen los ánimos, se estabilizaran un poco las bolsas y bajará la volatilidad. Se están tomando medidas pero todavía no hay suficiente confianza, parece que ver sus efectos llevará un tiempo.DOW JONES 8.451,19 -1,49% NASDAQ 100 1.269,80 -0,42% S P 500 899,22 -1,1
Financial Post - America's next nightmare: middle-class foreclosuresBloomy - LIBOR Holds Central Banks Hostage as Credit FreezesNaked Capitalism - Dow Tanks 680; Investors Fleeing Mutual FundsWSJ - Dow Industrials Drop 680 in Late CollapseWSJ - Economists Expect U.S. Crisis to Deepen Economists View - No Depression?EconomyInCrisis - Turmoil Rocks Global Marketplace NYT - Meltdown of Iceland’s F
Today was the first day in history that the DOW has traded up and down over 1000 points! What a ride, and if you aren’t too tired to read a little more maybe I can make some sense of the current craziness!
#1. “There is only one ‘end of the world’ and this ain’t it!”, stated [...]
EEUU Wall Street, su cierre: Crash y pánico en Wall Street este es el resumen del día.-DOW JONES 8.579,19 -7,33% -NASDAQ 100 1.275,10 -4,17%-S P 500 909,92 -7,62% -NASDAQ COMPOSITE 1.645,12 -5,47% Claves del cierre de EEUU:- Séptima sesión de bajadas en el Dow Jones, cerrando en niveles de junio de 2003.- Malas perspectivas del sector automovilístico estadounidense. General Motors, que p
The people at The Wall Street Journal have been working overtime to depress their readers. In the latest Wall Street Journal forecasting survey, "On average,...
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El actual colapso del mercado bursátil y la pérdida de cientos de miles de millones de dólares, gestados por los bancos inversores de Wall Street, ilustran las trampas y peligros del capitalismo de libre mercado a que se enfrenta toda la población trabajadora de los Estados Unidos.
- Ibex 35 bajó un 5,20 %, hasta los 10.297,60 puntos.- El volumen de negociación en 5.900 millones de euros.Claves del mercado:- Las bolsas siguen cayendo y parece que todavía los inversores no las tienen todas consigo. No existen datos macro ni buenos ni malos. Sólo hay cabida para la desconfianza y el pánico.- Actuación coordinada de los principales Bancos Centrales del mundo. La Reserva
-El Ibex 35 subió un 1,27 %, hasta los 10.862,00 puntos. Comportándose mejor el resto de bolsas de Europa. En la última hora de negociación los inversores han vendido con mucha fuerza. En una jornada donde las pérdidas fueron fortísimas en Wall Street.- El volumen de negociación en 5.500 millones de euros, más alto que días anteriores.Claves del mercado:- La mayoría de los valores del
NEW YORK (Reuters) - Playboy magazine is offering a new way to lose your shirt on Wall Street.The adult entertainment magazine, long famous for its photo spreads of nude women and lessons in living the urbane life of the well-heeled bachelor, is launching a search for models to pose for its upcoming feature, "Women of Wall Street."Playboy came up with the idea for the feature after the onset of th
Robert Bassam, used-car magnate, isn’t driving his $415,000 Lamborghini these days, or his Porsche, and he has even warehoused his usual get-around-town car, a BMW 750. Instead, he’s puttering along in a four-cylinder Hyundai Accent hatchback. It’s more politically correct, he says. And economically correct: He doesn’t feel like riding in luxury when the economy is tanking.
Wall Street sufrió este lunes otra sesión extraordinaria y traumática en la que el promedio industrial Dow Jones cayó hasta 800 puntos _su mayor pérdida en una sola jornada_ antes de recuperar terreno para cerrar con un retroceso de 370 unidades.El catalizador de la caída, que también llevó al Dow abajo del nivel de 10.000 unidades por primera vez en cuatro años, fue la creciente desesper
Today is a very depressing day for tech blogs and tech geeks. Some tech blogs that I have visited earlier today spoke of the shocking fall of key tech stocks such as Microsoft, Apple, Google and Yahoo even though US government recently passed that multi billion dollar bailout plan.
What’s going...
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Let’s see now, wasn’t it just last week that Congress and President Bush was telling us that the $700 billion bailout plan for Wall Street had to be passed and let’s be quick about it? Well Congress did pass the bill and President Bush signed it into law, but that hasn’t kept Wall Street from [...]
By Ellis MnyanduNEW YORK (Reuters) - Stocks fell on Monday, with the Dow diving 400 points to below 10,000 for the first time in four years, as investors feared the widening fallout from the credit crisis would drag the economy into recession.Wall Street's tumble was part of a global sell-off. But as severe as the U.S. losses were, they were still significantly less than the sharp declines across
Stocks decline amid global worries credit crisis is spreading; Dow falls below 10,000
NEW YORK (AP) -- Wall Street tumbled again Monday, joining a sell-off around the world as fears grew that the...
Your News is the place where wonderful, funny, and amazing things exist. This blog delivers informative news in the easiest way.
On Monday, Wall Street often hitting the ground several times as fears grew that the financial crisis will cascade through economies globally despite rescue efforts by the U.S. and other governments. The credit market remained under pressure, and investors put their money into government bonds. The Dow Jones industrials skidded more than 200 points.
It seems that the Bush administration's $700
Jeremy Conroy, 13, sells apples in front of the New York Stock Exchange Tuesday, Sept. 30, 2008 in New York. Conroy is reenacting a scene of boys selling apples during the Great Depression. He is donating any profits to the Obama campaign.The worldwide Great Depression of the 1930s was a watershed for both economic thought and economic policymaking. It led to the belief that market economies are i
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With all the talk about the bailout plan being debated in Congress, I’ve heard all kinds of reasons why people think the market is failing. I’ve heard it’s because of Fannie Mae, shady mortgage lenders, stupid consumers that can’t comprehend that their payments will go up eventually on interest only loans, President [...]
****The Results Of Our Wall Street Times Square Gossip Poll**** Wall StreetSHOULD WE BAIL OUT WALL STREET?YES50 (30%)NO93 (56%)DON'T CARE22 (13%)Votes so far: 165 Poll closed Seems almost 2 to 1 that fellow Americans did not want a bailout of Wall Street. We at Times Square Gossip agree. This bailout is only delaying any crash. This bailout is just helping the rich and is even helping foreign cou
Mandatario destacó aprobación en la Cámara de Representantes "para ayudar a que la economía estadounidense supere la tormenta financiera".El Presidente estadounidense, George W. Bush, celebró la aprobación del plan de rescate financiero en la Cámara de Representantes, mientras Wall Street moderó su ascenso y subió 1,06% tras la luz verde concedida por los diputados, en dos de las reaccio
GM and the Chevy Volt turned up three “7s” on the Congressional slot machine. First, automakers got the $25 billion in low interest government loans. Second, the Wall Street bailout will likely help the beleaguered auto industry. Third, plug-in tax credits have now been signed into law.
The now passed by the House [...]
After the somewhat surprising defeat of the $700 billion bailout of Wall Street in the House of Representatives on Monday and the reviving of that bill in the Senate on Wednesday, it looks like the House is ready for another vote on the measure, possibly as early as today. It really is amazing to see [...]
Everyone knows that current American economy is under a very bad situation. There are a lot of economists, politicians, financial advisors and bloggers talking about how the Wall Stree finance crisis will hit our main street. The truth is the failure of Wall Street has already hit our main street. You would never believe that Lehman Brothers, AIG, WaMu and Merill Lynch will fall down some years ag
La cuarta entrega de Linux contra Windows esta muy a la moda de lo que pasa con la crisis en los Estados Unidos!Gracias:LinuxAdictosPost Original de Adictos 2.0
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RE: Wall Street Bailout, good or bad idea?
I thought about creating an iReport where people can comment
on the Wall Street bailout being a good or bad idea, and they can
post questions or opposing views. This will let people address the
questions and possible confusion of others and I can update this
iReport so people can see what's going on and maybe less people
will be so confused over this issu
