After Google announced that it might leave China, Wall Street and other stock exchanges around the world reacted in typical fashion, by buying Baidu stock and selling Google stock. Baidu’s stock jumped by at least 12%, while Google’s slid by about 1%. For the money-men — the same people, let us not forget, who caused […]
throw a stone or move
Sigh. How many times do we read something like this over coffee/tea in the mornring, imagine charging or throwing a stone at a rich man’s house and then … just go about doin yer thang?
Where does all the TARP go?
This sentence here at the end of the NYT story about the failure of the auto industry bailout is probably one of the most important of the story. Its the very last sentence. A few paragraphs above this one, the “problem” of “legacy costs” (pensions and such?) incurred by Detroit because of the United Autoworkers […]
Its all bad; its all good
My landlord Nikki V is doing a piece for KBOO Radio about austerity measures people (may or may not have learned from their parents/grandparents) are using to get by in “this nasty economy.” I listen with mild interest, because so far my economy seems unaffected by Wall Street’s 777+ drop this week after the big […]
We have seen this before, and its always sinister
In today’s NYT, the “demise” of Freddie Mac and Fannie Mae is treated with the soft gloves of supposed objectivity. The article begins by saying that the tumultuous tumble in stock value of the two mortgage giants is inexplicable and at the same time potentially devastating for the US economy and, above all, taxpayers.“There is […]