News

The Department of Labor reported that jobless claims in the latest week decreased 4,000 from a revised 574,000 in the previous week.  The figure was higher than analysts anticipated. Initially, the last week was reported as 570,000.…

Boeing Set for Victory Over Airbus in Illegal Subsidy Case - WSJ.com "The World Trade Organization is expected to rule Friday that European governments illegally subsidized Airbus aircraft, in the first significant ruling in a…

Light posting this morning.  But I may be back later this afternoon. Let’s see what markets do today. Right now, it’s not looking good as Europe and Asia sold off and U.S. futures point to a selloff stateside. So, if you need a…

Since I have a ton of links, I am making an extra night time reading version today.  Expect more tomorrow, but posting may be light as I will be away. American Casino, The Most Dangerous Man in America review : The New Yorker…

Beijing's derivative default stance rattles banks | Reuters Hat tip aitrader. A report that Chinese state-owned companies will be allowed to walk away from loss-making commodity derivative trades provoked anger and dismay among…

On this last day of August, I haven’t had any time to post as yet.  However, I do expect to post later in the day.  In the meantime, here are a number of stories making the rounds on the web. Enjoy. Edward Baker Hughes to Buy…

Our quarter-century penance is just starting - Ambrose Evans-Pritchard, Telegraph All that has happened over this crisis is that huge private losses have been dumped on society: but the losses are still there, smothering the economy.…

FDIC: Failed Bank Information - Bank Closing Information for Affinity Bank, Ventura, CA As of July 10, 2009, Affinity Bank had total assets of $1 billion and total deposits of approximately $922 million. In addition to assuming all of…

"We Spent $13 Trillion And These Banks Are STILL IN THE CRAPPER!" Since the government gave banks relief on mark-to-market accounting and the "stress tests" helped engineer a big round of capital-raising last spring,…

July U.S. new home sales jump most in four years Sales increased 9.6%, the most since February 2005, to a 433,000 annual pace, figures from the Commerce Department showed Wednesday in Washington. The number of houses on the market…