Credit Writedowns

How To Make The World's Easiest $1 Billion (This is how to start a bank) BBC News - China's economic recovery gathers pace Treasury Yield Curve Steepest Since at Least 1980 After Auction - Bloomberg.com Recession Elsewhere,…

Yesterday, I linked out to a Gallup poll which detailed self-reported average daily spending by income bracket.  The poll showed wealthy Americans reporting a 14% fall in spend in November while middle- and lower-income Americans…

Knowing goalkeepers movements in a penalty increases success rate and reduces kickers decision time Personalities accurately judged by physical appearance alone Abschied von Maastricht: Schäuble will 144,5 Mrd. Euro neue Schulden…

Matt Taibbi is one of the few commentators in the mainstream media who is not worried about ‘access’ and has, therefore, been free to write much more critically about the economic crisis and reform efforts on Wall Street. His first piece…

This comes from the Blog News from 1930 which tells us what happened on this day in 1930 according to the Wall Street Journal: Pres. Hoover criticizes wide variety of extensive relief measures introduced in Congress as “playing politics…

This comes via Reuters: China's announcement on Thursday it would slap punitive tariffs on a type of electrical steel used in transformers is likely to hurt exports from leading U.S. producers AK Steel and ATI Allegheny Ludlum. The…

The weekly jobless claims figure came in at 474,000. That is up 17,000 from the previous week. Revisions of the two prior weeks put the net surge at 18,000. The 4-week average is 473,750. All numbers are seasonally-adjusted. This latest…

Last week after the Thanksgiving holidays, the Supreme Court started to hear oral arguments in Stop the Beach Renourishment v. Florida Dep't of Environmental Protection, a case of eminent domain.  This is the biggest case since the…

Barack Obamas Nobel Prize Speech Transcript - Swampland - TIME.com Working MAMA (A site a friend started dedicated to building community amongst working women.) Congressman Ron Paul - Who Wants War? - Texas Straight Talk Tiger…

Upper-Income Spending Reverts to New Normal – Gallup (This data is at odds with trickle down: Upper income spending "down 14% in November, while middle- and lower-income spending was up 7%") How To Kill OTC Derivatives…