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Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

Holiday season cinema: The Dark Knight released on DVD

Edward Harrison Dec 9, 2008

The holiday season is the second most important for the movie studios and many of their academy-award nominees are released in the time after Thanksgiving (the 4th Thursday of November) to take advantage of the holiday cheer. One film…

Australia: 40% chance of recession? Try 95%

Edward Harrison Dec 9, 2008

This is the absurd thinking of economists. Australia has a 40% chance of recession next year. What does that even mean? If you asked me, I would say the chances of recession in Australia are 100%. You have a slowing property market,…

Business

The Tribune files for bankruptcy

Edward Harrison Dec 8, 2008

The Tribune was simply over-leveraged with a balance sheet made for this age of debt, leverage and bubbles. Note the lack of equity and the enormous debt load. Why would anyone, especially someone as savvy as Sam Zell load up a declining…

News

2008-12-08: Pre-Market trading good

Edward Harrison Dec 8, 2008

As we get ready for another week in the markets, it bears noting that stock markets are notoriously able in shrugging off news (both good and bad) and moving as if to their own drummer. Today could be one of those days, with overseas…

News

Links: 2008-12-08

Edward Harrison Dec 8, 2008

Below are a few links to web stories you might enjoy. Other news stories can be found at our newsfeed. The newsfeed is also available via RSS. I would like to point out the story on econbloggers as particularly interesting — where’s Credit…

Business

Chicago Tribune near bankruptcy

Edward Harrison Dec 7, 2008

In a shocking news story, the Wall Street Journal reports that the media company Tribune Company, which publishes the Chicago Tribune, is exploring bankruptcy. While advertising revenue has contracted significantly, impacting all major…

News

Links: 2008-12-06

Edward Harrison Dec 6, 2008

Below are a few links to web stories you might enjoy. Other news stories can be found at our newsfeed. The newsfeed is also available via RSS. I would like to point out the emerging market stories in particular on Eastern Europe and Asia.…

Economy

U.S. loses 533,000 jobs, unemployment rate up to 6.7%

Edward Harrison Dec 5, 2008

The Bureau of Labor Statistics just released this month's unemployment report and the data were grim. The unemployment rate rose to 6.7%, while the economy shed 533,000 jobs - the largest decline since 1974. The result was widely expected…

Economy

Capital One buys Chevy Chase Bank: Another bailout freebie

Edward Harrison Dec 5, 2008

I wrote a few weeks back about how your bailout money was being used for mergers and acquisitions to line bankers' pockets instead of for making loans to desperate homeowners. After receiving $25 billion in bailout funds, Citigroup…

News

Links: 2008-12-05

Edward Harrison Dec 5, 2008

Snowbound Marshall is doing an admirable job running things while I sun myself in the Bahamas (rubbing it in, eh?). You may remember Marshall from his days as a writer for Prudent Bear. Please do comment on his posts as he will respond in…

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