Queen Elizabeth II in Surrey. Facebook Is Only Worth $18 P, FB, GRPN - TheStreet TV. Money Game. To Make Money In This Bubble-and-Bust World, You MUST Be A Contrarian (NYSEARCA:TZA, NYSEARCA:FAS, NYSEARCA:FAZ, NYSEARCA:SKF, NYSEARCA:XLF. Martin D.
Bloomberg's Jonathan Weil Totally Shreds Vikram Pandit And The Davos Forum. In his latest column, Bloomberg View's Jonathan Weil has some biting words for Citigroup CEO Vikram Pandit and the World Economic Forum.
Weil essentially lays down a double whammy—asserting that Pandit's ineffective leadership of Citigroup during the economic downturn is a perfect match for the unproductive nature of the World Economic Forum. Here's a blurb: Maybe the distinction bestowed on Pandit should be of no surprise at all. Founded in 1971, the World Economic Forum describes itself as an international organization of large corporations that is “committed to improving the state of the world” with “no political, partisan or national interests.” Where Blankfein came from. JPMorgan Gets Best Bond Rates as Dimon Extends Maturity: Corporate Finance. JPMorgan Chase & Co.
(JPM), deemed by derivatives traders to be the most creditworthy of the six biggest U.S. banks, locked in the lowest interest rate its industry has seen since 2005 on 30-year debt. The biggest U.S. bank by assets sold $1.25 billion of 5.4 percent debentures yesterday to yield 250 basis points, or 2.5 percentage points, more than similar-maturity Treasuries, according to data compiled by Bloomberg. Goldman Sachs Group Inc., the only other U.S. -based bank to have issued 30-year debt in 2011, sold $2.5 billion of 6.25 percent bonds at a 170 basis- point spread on Jan. 21. JPMorgan is pushing out the maturities of its debt as yields on investment-grade corporate bonds due in 15 years or more approach the lowest on record while the Federal Reserve holds down interest rates to stimulate the economy. The MF Global Investigation Has Boiled Down To Just One Question. Reuters is reporting that the Commodity Futures Trading Commission, which has been investigating MF Global following the bankruptcy and the customer funds shortfall, actually knows where the MF Global money went.
Euro and stocks fall as sovereign debt meltdown closer to realisation « ArabianMoney. Posted on 15 December 2011 with 1 comment from readers The euro dipped below $1.30 yesterday but still has a long way to fall to its launch exchange rate of 85 cents to the dollar.
But it could get there an awful lot faster than most analysts think possible. The 'Squidding' of Goldman Sachs - NewsTrust.net. Taibbi writes: "In all seriousness, I commend these protesters and hope no harm came of those arrests.
Goldman continues to be a natural and appropriate target of protester anger and if OWS actions continue to mock the bank and make sport of them, it might help the public learn more about how these state-dependent banks operate and why they need to be reined in, if not broken up altogether. " By Matt Taibbi, Rolling Stone 13 December 11. The President: Dennis Kucinich on $7.77 Trillion Secret Loan by Federal Reserve. Congressman Dennis Kucinich sharply criticized the Federal Reserve today after Bloomberg news reported that the Federal Reserve secretly committed nearly $8 trillion in support to American and international financial institutions during the 2008 bailout.
Kucinich recorded a video for his website before going to the floor of the House of Representatives to call upon Congress to reclaim its Constitution primacy over monetary policy. Are Dollars Citizens? : NO QUARTER. They might as well be, after the Supreme Court Decision allowing unrestricted and secret campaign spending by corporations.
Senator Bernie Sanders (Independent from Vermont) wants to do something about that, and this has just proposed a Constitutional Amendment to overturn that ruling that effectively neuters the ability for us homo sapiens to have any real voice in our elections. Here it is—short and sweet. Sen. Bernie Sanders: Money plays ‘horrendous role’ in Congress. By Eric W.
DolanMonday, December 12, 2011 20:46 EDT. $29 TRILLION WALL STREET BAILOUT. Author: L. Randall Wray · December 9th, 2011 · Since the global financial crisis began in 2007, Chairman Bernanke has striven to save Wall Street’s biggest banks while concealing his actions from Congress by a thick veil of secrecy.
U.K. October Manufacturing Output Drops More Than Forecast on Euro Crisis. U.K. manufacturing output fell more than economists forecast in October as the intensifying euro- area debt crisis undermined demand in Britain’s biggest export market.
Factory output dropped 0.7 percent from September, the biggest decline since April, the Office for National Statistics said today in London. The median forecast of 21 economists in a Bloomberg News survey was a decline of 0.3 percent. On the year, manufacturing rose 0.3 percent, the least since January 2010. Manufacturers are suffering as the sovereign debt crisis and a cooling global economy jeopardize the outlook for exports. As the risks from Europe increase, some Bank of England policy makers have said the economy will probably need more stimulus. LAYOFFS WATCH: Citigroup Axes 4,500 Jobs. Tim Geithner - Blackboard. Revolving-door between DOE, subsidized company. Revolving Door Newsletter: 11.11.11 - mediabistro.com Content.
November 11, 2011 CBS wants to fight flagging ratings with hard news. Revolving door still a problem in New Mexico politics. By Milan Simonich firstname.lastname@example.org Updated: 11/13/2011 08:28:05 PM MST0 comments. The Postal Service Plots Its Own Demise. Share. Here's The Central Bank Conspiracy Theory That Art Cashin Just Explained On CNBC. EDIT NOTE: We published this earlier, but seeing as Art Cashin was just on CNBC talking about this, we wanted to resurface it. Why did the world's central banks coordinate to lower the cost of dollar funding last week? This Chart Shows Eurozone Downgrades Are Long Overdue. Yesterday, S&P went on a rampage and put 15 of 17 euro-zone countries on negative credit watch.
REPORT: S&P WILL PUT ALL 17 EUROZONE COUNTRIES ON CREDIT WATCH NEGATIVE. BREAKING: Bloomberg reports that all 17 eurozone countries will be put on downgrade watch today. We've Just Witnessed A Major Turning Point In The Euro Crisis. Standard & Poor's decision to put 15 eurozone countries on downgrade watch threatens the fabric of programs that are meant to salvage the euro, in particular the European Financial Stability Facility (the euro rescue fund). Professor Richard D. Wolff. Richard D. Wolff. Richard D. Wolff (born April 1, 1942) is an American heterodox economist, well known for his work on Marxian economics, economic methodology, and class analysis. He is Professor of Economics Emeritus, University of Massachusetts, Amherst, and currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York.
Wolff has also taught economics at Yale University, City University of New York, University of Utah, University of Paris I (Sorbonne), and The Brecht Forum in New York City. Maxine Waters in line to take over from Frank on Financial Services. Wall Street executives are bracing for the possibility that Rep. Egypt uses U.S. teargas on pro-democracy crowds. CAIRO–Late Saturday evening the air here was heavy with suffocating smoke as Egyptian security personnel battled street protesters for control of Tahrir Square.
Jamestown Jobs (PA) Supercommittee slows to a standstill. APEC members pledge to liberalise green trade - APEC summit. Goldman commods risk tumbles on tough markets.
Greece. Friday Market Follies - Following Murdoch's Money.