Archive for the 'Economy' Category
The World’s 50 Safest Banks
August 31st, 2009For whatever it’s worth… Via: Global Finance: With bank stability still high on corporate and investor agendas, Global Finance publishes its 18th annual list of the world’s safest banks.
Backbone of Complex Networks of Corporations: The Flow of Control
August 31st, 2009From: Backbone of Complex Networks of Corporations: The Flow of Control, by J.B. Glattfelder, S. Battiston: Having identified important shareholders in the global markets, it is now also possible to address the following questions. Who holds the power in an increasingly globalized world? How important are individual people compared to the sphere of influence of […]
Japan: Opposition Party Wins in Historic Election
August 30th, 2009Via: Washington Post: Breaking a half-century hammerlock of one-party rule in Japan, the opposition Democratic Party won a crushing election victory on Sunday with pledges to revive the country’s stalled economy and steer a foreign-policy course less dependent on the United States. But it was pent-up voter anger, not campaign promises, that halted 54 years […]
FDIC Friday: Regulators Shutter Three U.S. Banks, Bringing 2009 Toll to 84
August 29th, 2009Via: Bloomberg: Regulators closed banks in California, Maryland and Minnesota yesterday, pushing U.S. bank failures to 84 this year amid continuing fallout from the worst economic crisis since the Great Depression. The Federal Deposit Insurance Corp. was named receiver for Affinity Bank of Ventura, California, Bradford Bank of Baltimore and Mainstreet Bank of Lake Forest, […]
AUSTRALIA: INSURANCE COMPANIES WON’T COVER DOCTORS WHO GIVE SWINE FLU VACCINE
August 28th, 2009Just stick the Aussie taxpayers with the bill. Via: Sydney Morning Herald: THE Federal Government’s plan to immunise the population against swine flu is in chaos because insurers may not cover doctors who administer the jab. Inadequate testing and the possibility of spreading other infections means there is too high a risk patients will sue, […]
Goldman Subpoenaed on Huddles
August 27th, 2009Via: Wall Street Journal: William Galvin, Massachusetts’s chief financial regulator, has subpoenaed Wall Street firm Goldman Sachs Group Inc., demanding information on the firm’s weekly trading huddles between its research analysts and traders. Mr. Galvin, the Massachusetts secretary of the commonwealth, said he is concerned that the huddles, in which Goldman’s research staff give verbal […]
Fed Whining About Having to Release Records of Which Firms Received “Emergency Loans”
August 27th, 2009Via: Bloomberg: The Federal Reserve argued yesterday that identifying the financial institutions that benefited from its emergency loans would harm the companies and render the central bank’s planned appeal of a court ruling moot. The Fed’s board of governors asked Manhattan Chief U.S. District Judge Loretta Preska to delay enforcement of her Aug. 24 decision […]
The Crapification of Everything is Just Beginning
August 27th, 2009Becky did lots of research into finding a handheld blender that wasn’t crap. She eventually found an article in a consumer magazine that said that there are no handheld blenders that aren’t crap and to just buy the cheapest one available, expect it to crap out, and when it does, buy another one or use […]
Swiss Bank: The U.S. Overestimates its Attraction as a Financial Center; Advising its Clients to Get Out of All U.S. Securities
August 27th, 2009Crackpot, foilhead , lunatic fringe Swiss banks! *snort* Via: SwissInfo: Swiss private bank Wegelin announced on Tuesday that it is to stop doing business in the United States. The St Gallen-based bank, Switzerland’s oldest, said the decision had been taken in response to stricter measures introduced in the US against tax dodgers and planned changes […]
J.P. MorganChase and the Paper Silver Market
August 27th, 2009Via: GATA: We know that MorganChase and the Fed are essentially the same entity because MorganChase was selected by the Fed to take over Bear Stearns for $2 per share with no due diligence and apparently no competitive tender between rival banks. When Bear Stearns shareholders protested the $2 per share offer, it was arbitrarily […]
