Was it worth it, Mr. Madoff
One Victim Asks: Was It Worth It, Mr. Madoff?
Tag Archives: Money
Postcard from Sao Paolo: Business
The world economy may be going to hell in a handbasket, but you wouldn’t know it in Maria Irece da Silva’s tiny cosmetics store in the impoverished favela of Jardim Carumbé. “The rich talk about the crisis but the poor don’t mention it,” says Da Silva, whose business — helping women look good in a country where style always trumps substance — is booming. Not even the worst recession in memory has stemmed the flow of shampoos, lipsticks and nail varnish from the shelves of her tiny beauty-aids store.
Can Obama Keep Moderate Democrats from Bailing on His Budget?
First there was last winter’s $168 billion economic stimulus package, followed by a $300 billion fund in June to help distressed mortgage holders. Then came $350 billion for the banks , another $350 billion for the banks, $787 billion in economic stimulus and $410 billion in an earmark-packed spending package for fiscal 2009 that Congress passed on Tuesday. Dizzy
Democrats to Obama: Hurry up and fix the economy
Some Democrats are increasingly concerned about President Obama’s $787 billion financial fix for the ailing economy, and are demanding greater transparency on further spending.
The Last Shopping Mall? New Jersey Awaits Xanadu
It rises out of the tidal murk near the Meadowlands — the sports complex built on top of polluted northern–New Jersey wetlands some 33 years ago — like a garish species from a monster movie. What is that swamp thing
Comment: Beckham deal ‘wake-up call’ for U.S. soccer league
David Beckham is a man who knows his own mind and has the courage of his convictions. And that’s why, instead of heading back to LA to help revive the struggling Galaxy, he’s fought tooth and nail to stay in Italy to pursue la dolce vita with AC Milan
You talkin’ to me? Film quotes stir passion
Sometimes, when you need just the right thing to say, it’s good to let the movies do the talking. Whether it’s daring someone to “Show me the money!” before sealing a deal, proclaiming “Houston, we have a problem” when something goes wrong or shouting “I’m the king of the world” on a particularly good day, there’s a simple pleasure in using those instantly recognizable nuggets of dialogue.
Bank of England cuts UK interest rate to record low
The Bank of England Thursday cut a key interest rate from 1 percent to 0.5 percent, a new record low. The reduction in the official bank rate was expected.
Clinton: Mideast peace talks await new Israeli government
The United States will wait until a new Israeli government is in place before it addresses key issues that have stalled the peace process with the Palestinians, Secretary of State Hillary Clinton said Wednesday. But Clinton also vowed that President Obama will not be slow to make the issue a top priority. “We cannot afford more delays or regrets about what might have been had different decisions been made in the past,” Clinton said at a joint news conference with Palestinian Authority President Mahmoud Abbas
As Car Sales Collapse, GM and Chrysler Grow Desperate
Under pressure to demonstrate their viability in order to qualify for more government loans, General Motors and Chrysler couldn’t produce any additional evidence on Tuesday. If they were taking physical exams, they both would have flunked. As February sales were reported, GM owned up to selling 53% fewer cars and trucks than a year ago, while Chrysler admitted that its total fell 44%