Group Think, Duct Tape and Slam Dunks
BBC NEWS By Joe Lynam Billionaire investor Gorge Soros has said the G20 summit will be a “make or break” event for the world’s economy. In a BBC interview, Mr Soros said the international financial system had collapsed because it was flawed and it had to be restructured. Mr Soros say it may be the […]
MoreMarch 30, 2009 Op-Ed Columnist NEW YORK TIMES America the Tarnished By PAUL KRUGMAN Ten years ago the cover of Time magazine featured Robert Rubin, then Treasury secretary, Alan Greenspan, then chairman of the Federal Reserve, and Lawrence Summers, then deputy Treasury secretary. Time dubbed the three “the committee to save the world,” crediting them […]
MoreCampaign For America’s Future By David Sirota 02/04/2009 Whether or not you are among the tiny minority of Americans who thinks our trade and globalization policies are good for our country, it is undeniable that Barack Obama campaigned on very explicit pledges to radically change those policies [1]. He not only campaigned on an implicit […]
MoreSEEKING ALPHA William Patalon III Bank of American Corp. (BAC), which is getting $15 billion from the U.S. government as part of the Treasury Department’s $250 billion “recapitalization” effort, is doubling its stake in state-owned China Construction Bank Corp., and will hold a 20% stake worth $24 billion in China’s second-largest lender when that deal […]
MoreThe 17th floor, where wealth went to vanish By Diana B. Henriques and Alex Berenson Monday, December 15, 2008 The epicenter of what may be the largest Ponzi scheme in history was the 17th floor of the Lipstick Building, an oval red-granite building rising 34 floors above Third Avenue in Midtown Manhattan. A busy stock-trading […]
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