Picture of the day: Tom Toles on the Financial Crisis
SourceTom Toles Cartoons - Washington Post
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Kathleen Parker on Stephen Colbert
Conservative U.S. Columnist Kathleen Parker was a guest on Stephen Colbert's show last night. She gained notoriety for her criticism of Sarah Palin as John McCain's running mate. Below is a clip of her on Colbert giving her two cents on…
Back to the real economy
Now that policy makers worldwide have finally stepped in to stop the bleeding, we have had a relief rally of monumental proportions. Most global indices were deep into oversold territory, meaning that there was lots of pent-up demand for a…
The Last King of Scotland
In Scotland, one of the UK's most venerated names, the Royal Bank of Scotland, a bank that prints its own bank notes as legal tender, has been eviscerated by the over-leveraging and risk-taking of its CEO Sir Fred Goodwin.
Sir Fred, an…
Statistic of the day: George W. Bush’s ratings
As the economy has faltered, George W. Bush's approval numbers have plummeted. All of this has occurred despite Americans' belief that the strategy in Iraq is bearing fruit. And last year, Iraq was a central issue for most voting…
News round-up: 14 Oct 2008
Now that we have seen our massive 1000-point rally, we can come back down to earth and worry about the real economy effects that the credit crisis has already wrought and ho well money markets are going to respond to all this monetary…
936 points up
I knew today was going to be a fantastic day for equities given what we saw in Asia overnight and in Europe. But, 936 points up for the Dow is pretty spectacular. As bad as this past Thursday was for the market in general and financial…
Nationwide: example of how UK recap scheme matters
If you don't think that the recapitalisation scheme by Gordon Brown doesn't matter, then take a look no further than Nationwide Building Society. The mutual company is not under pressure in the equity markets like RBS, HBOS or Barclays.…
News round-up: 13 Oct 2008
Happy Monday! After weeks of dire news and falling markets, we are seeing a rally that might have legs. For those of us who don't want to see a global depression, that is very good news. Certainly, the markets have reason for rallying…