Daily Archives: December 10, 2008
Is there any reason to appoint Caroline Kennedy a Senator
None that I can think of, and neither can The Atlantic. I don’t know about Jesse Ventura, but I find Schwarzenegger and Sonny Bono’s pre-political careers as self-made showbiz entrepreneurs – to say nothing of Jon Corzine’s career in finance … Continue reading
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Dreaming of a dark Christmas
Alerted by CEA, I just Googled “layoffs” and the news isn’t encouraging. Credit Suisse is laying off 11% of its workforce and the rest of the industry’s doing no better: The majority of Credit Suisse’s planned reduction of 11% of its … Continue reading
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Filed under Wall Street
Who’s going to buy these?
The NY Times profiles three homes in out-of-the-way locations, each asking around $350,000. I don’t know anything much about South Carolina, where one of the houses is located, but Liberty Maine and Alpine Wyoming are far, far away from much … Continue reading
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Ummm good!
Guess which bonds it costs more to buy protection from default on, U.S. Treasuries or Campbell Soup? If you guessed U.S. Treasuries, you’re right! Things are getting absurd.
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Filed under Wall Street
Who’d a thunk it?
GMAC is on the road to an early bankruptcy. I don’t know why but I find this more shocking than GM’s own upcoming date with bankruptcy. Tough on mortgage seekers but I guess they haven’t been a source of funds for awhile … Continue reading
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Filed under Wall Street
Cough cough sputter cough
Tesla, the battery powered sportscar maker for the rich ($109,000 and up) wants us taxpayers to fork over $650 million so it can figure out how to make batteries that will run the darn things. Don’t pay and they won’t … Continue reading
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Well isn’t this cheerful
S&P dropping to 400? This guy thinks so.
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