Some extraordinary things are happening in the bailout of General Motors. Too bad everyone is too numb to notice. Consider this extraordinary fact: The U.S. government is likely putting up to $50 billion in new money to back the company’s bankruptcy reorganization, according to people familiar with the plan. Most of this is what is [...]
Culture of Bling Clangs to Earth as the Recession Melts Rappers’ Ice. About time. Seriously.
If a country’s growth rate is higher than the growth in the interest cost of servicing its debt, a debt model is sustainable. A business can only roll over it’s debt, if it’s capital base grows faster than the cost of servicing that debt, and same holds true for government. This is basic finance. The [...]
India Stock Market Jumps more than 17% – This was entirely due to a economic stability and a VERY pro-business government consolidating power after the recent election. The socialist/communist party got a thorough beating and only hold about 10% of the seats now. If only we were so lucky.
Federal Deposit Insurance Co. Chairman Sheila Bair said that the Obama Administration will force out big-bank executives who aren’t seen to be doing a “good job.” She said that in the wake of the “stress tests,” regulators will be asking: “Are there people who can do a better job?” And if the answer is yes, [...]
A recent Op-Ed piece from the WSJ. This makes me so livid, I can’t put it in words. — Across the private sector, workers are swallowing hard as their employers freeze salaries, cancel bonuses, and institute longer work days. America’s employees can see for themselves how steeply business has fallen off, which is why many [...]
Yesterday’s Pictures of the Day at the WSJ were particularly fine, including a US soldier in Afghanistan who didn’t have time to put on his uniform and gets caught by the camera taking up a defensive position in pink I [heart] NY boxers and flip flops.
I made this layout a few months ago for another project which never ended up launching. With some minor tweaks I’ve converted in into a WordPress template and decided to use it for this blog. It’s clearly very very minimal, XHTML, and W3C compliant.