Is there any good business news to report these days? Frankly, there is not. Even if there were it would pale in comparison to steep decline we’ve seen on Wall Street in the past two days. Sadly at this point the only people the American people have less sympathy for than politicians is folks on Wall Street. [...]
For the past few years businesses have made a concerted effort to utilize the incredibly fertile and ever growing world of social networking for their advantage. It is a fantastic marriage when done correctly but far too often businesses exploit these practices in ways that make them unappealing to the vast majority of people using [...]
The speaker of the house in waiting, John Boehner, is in no rush to assume the gavel. He has learned from past speakers (Nancy Pelosi and Newt Gingrich) that aggressively assuming the spotlight is not be the best way to win popularity. It seems he is wants to avoid press and expectations so that he [...]
The New York Times recently featured an article about the New Normal, with a slide show of American families who are underwater on their mortgages, commercial real estate that is unfinished or unsold, and long lines outside of food banks. Americans are coming to the realization that the prosperity they enjoyed until the Great Recession [...]
The Fed announced on Tuesday that they will reinvest money from expiring mortgage backed securities into longer term U.S. Treasurys. At present these securities would have shrunk the Fed’s balance sheet. The reinvestment into Treasurys signals that the Fed is comfortable with spending more money for a longer time. Some Fed workers worry that they [...]
The Financial Bill passed 60-39 and has been lauded by many as a responsible piece of legislation, and touted by others as imcomplete. Deregulation and laissez-faire economics have seen and done enough damage for the government to enact its first step towards economic socialism. I’m sure that phrasing made many of you shudder, but what [...]
Estonia joined the E.U. yesterday, becoming the 17th member. The small Baltic state will switch from the kroon to the Euro on Jan. 1 2011.. There remains mild concern over the sinking currency, as voiced by Dmitri Medvedev. Austerity measures are being enacted all around the Euro Zone – France will up their retirement age [...]
The Dow Jones Industrial Average has given up all of the gains it has made this year over the course of the past couple of weeks. Why? Well, in large part due to fears of a Greek default. But that’s not all. When Germany announced last week that it was banning hedging on Euro-zone government [...]
As the recession ends, consumer confidence is widespread. For some, however, there was never a recession. In China and India, optimism remains at an all time high. The effects of globalization that were expected early last decade, that of outsourcing these growing countries to even cheaper labor, has produced the opposite effect. Companies like Brazil’s [...]
On April 7th, British Airlines and Iberia inked a merger deal to become the world’s sixth largest airline in revenue. A day later, United Airlines and US Airways resumed talks that failed in 2000 and 2008. If these two were to merge, they would become the world’s 4th largest airline behind Lufthansa, Air France, and [...]
