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Detroit's Day of Reckoning (with Thanks to David Halberstam)

Well, it looks like the jig is up, the party's over, the lights are out and Detroit has left the building.
And instead of a $25 or $50 billion go[...] read more »
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Diving For Dollars and The Discount Window

The powerhouse credit card company American Express has just joined the storied list of financial firms converting to bank holding companies. Like Me[...] read more »
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A Wall Street Windfall Profits Tax

Until oil prices dramatically dropped in recent months, there was a lot of talk in Washington about once again imposing a windfall profits tax on oil[...] read more »
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Breaking: Landmark EPA Ruling Kills 30+ Planned Coal Plants

Wow. A decision by the Environmental Protection Agency today has ruled that all new and proposed coal-fired power plants must have their carbon dioxi[...] read more »
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Report from Last Week's World Economic Forum

Last week, I had the pleasure of participating in what the World Economic Forum founder, Klaus Schwab, described as the planet's largest brainstormi[...] read more »
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John Daly, Wall Street Bailout and Bottoming Out

I saw a pathetic story about golfer John Daly and how he continues to screw up his life. He has blown through millions of dollars, drinking problems,[...] read more »
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Does Obama's Win Extend to Business?

I'm amazed at how optimistic I feel, giving how pessimistic I've been about the economy.So, trying to get back into normal business mode, I discove[...] read more »
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Bailout Watch: Bush's Subtle Scheme to Stop Obama Reforms

That's an important marker - this Financial Week story shows, the corporate community takes the declaration seriously. All of that is good news. As [...] read more »
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Can a $100 billion stimulus save a $14 trillion economy?

WASHINGTON — Washington is poised during the next 90 days to approve spending perhaps $100 billion to jolt the ailing economy. read more »
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What Does Obama Mean for Generation Debt?

The new president's first task is to control expectations for his many supporters, especially among the millions of young people who turned out for [...] read more »
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Obama's Massive Economic To-Do List

The New York Times breaks down the massive tasks at hand for President-elect Barack Obama when he steps into the Oval Office: read more »
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Bank of England urged to cut interest rates by full point

Interest rates could be cut by a full percentage point today, as the Bank of England comes under pressure to halt Britain's slide into a deep recess[...] read more »
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Credit Cards In The World of Taxpayer-Owned Banks

Credit Cards in the world of taxpayer-owned banks
"meet the new boss. Same as the old boss." -The Who
The American people ponied up $700 bill[...] read more »
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Downturn points to cut in rates

The Bank of England begins its monthly meeting on Wednesday amid calls for the biggest interest rate cut in 15 years. read more »
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Energy slows euro zone Sept PPI more than expected

BRUSSELS, Nov 4 (Reuters) - Falling costs of food and oil curbed euro zone producer prices more than expected in September, data showed on Tuesday, p[...] read more »
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