Don’t pretend we didn’t see this coming for a long, long time. In the early 1980s, around the time Ronald Reagan became President and Wall Street’s great modern bull market began, we started gambling and thinking magically.
Tag Archives: street
IBM draws criticism for job cuts, outsourcing
IBM’s reported plans to lay off thousands of U.S. workers and outsource many of those jobs to India, even as the company angles for billions in stimulus money, doesn’t sit well with employee rights advocates
Turkish PM shows common touch on campaign trail
The yellow bus with a giant photo of the prime minister on its side raced through Elazig, a provincial town in eastern Anatolia, blaring patriotic music. Crowds of cheering locals, some of them women dressed in robes and veils, lined the dusty streets, straining to get a glimpse of Recep Tayyip Erdogan as he waved through the windshield. Suddenly, Emine Erdogan, the prime minister’s wife, gasped in shock
Geithner’s Bank Plan: Only a Partial Solution
You know those supersales at your local department store in which they offer great deals on a couple of things in the hopes of getting enough people in the door so they can move the crap too? That’s sort of what the Treasury Department and Tim Geithner are doing with the bank plan that was rolled out on Monday. The problem facing America’s economy has always been how to sell the worst of the toxic assets that are clogging banks’ balance sheets.
Commentary: GOP means ‘Got 0 Plans’
I love Alex Castellanos. Heck, somebody has to. Truth is, we’ve been known to break bread after our CNN gigs
Global markets ride Wall Street higher
A triple-digit rally on Wall Street pushed global markets solidly into positive territory on Tuesday.
Asian markets ride Wall Street higher
A triple-digit rally on Wall Street pushed Asian and Pacific markets solidly into positive territory on Tuesday.
Gunman fires at French nursery
A gunman holed up across the street from a French nursery school opened fire Friday on mothers and nannies entering the building to pick up children for lunch, slightly injuring eight adults, police said. Two of the injured were taken to a hospital
The AIG Backlash: Has Congress Flipped Out?
Barely a day goes by on Capitol Hill without some politician expressing a good measure of righteous indignation.
A Crisis Averted, but Pakistan Unrest May Not Be Over
The drums have fallen silent, the dancing in the streets has ended and Pakistan’s stock exchange has rebounded, but Monday’s political compromise — which ended a dangerous standoff — has not necessarily ensured stability.