Central Banks: Let's print our way to success

shane.

Posted to Business on Mon Apr 27, 2009 at 09:53:36 AM EST (promoted by port1080). RSS.

Now that interest rates have gone practically as low as they can go the central banks need a new tool to stimulate the economy.  This tool, traditionally called printing money, is being referred to as "quantitative easing."  It sounds like both Britain and Canada are going to be printing more money shortly.

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I Beg To Differ

novy.

Posted to Etcetera on Sun Mar 29, 2009 at 12:40:45 PM EST (promoted by port1080). RSS.

Talat Habibian died recently, after spending years scrounging and begging in Shahr-e Cord, Iran. Don't feel too bad for him though. He died with millions in cash, properties, businesses, jewelry and ornaments. Too bad you weren't related to him, since he had no known heirs or next of kin.

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Come Around To My Way Of Thinking

gerrymander.

Posted to Politics on Fri Mar 06, 2009 at 10:21:41 AM EST (promoted by port1080). RSS.

In the days following the November, 2008 presidential election, this contributor suggested that the market retreat at the time was a response to the election of Barack Obama to the White House. Others scoffed at this notion.

We're closing on four months after then. With the Dow Jones Industrial Average at its lowest point since before Clinton's second term, the media is starting to have the same viewpoint.

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UK PM: Depression

pO157.

Posted to Business on Thu Feb 05, 2009 at 05:04:25 PM EST (promoted by port1080). RSS.

During weekly Wednesday Question Time UK Premier Gordon Brown stated for the first time that the world is in a "depression." Handlers later argued PM Brown may have meant to say "recession" and that the world is not in an actual depression.

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Detroit's Hot 2009 Model: The Federal Bailout

profwhat.

Posted to Business on Wed Nov 12, 2008 at 03:37:22 PM EST (promoted by DEMachina). RSS.

General Motors is worth about as much as it was in 1948, Ford just had its worst month of auto sales since the end of World War II, and Chrysler barely even exists anymore.  Times are bad for the U.S. auto industry; so bad that G.M. has bluntly stated it may run out of money before the end of the year, placing its ability to "continue as a going concern" at serious risk.  GM says its last best hope is a federal bailout, and Democratic leaders -- including President-elect Obama -- seem to be listening.

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Freddie's Dead?

3fingerspointback.

Posted to Business on Tue Jul 15, 2008 at 08:17:41 PM EST (promoted by port1080). RSS.

When a big bank like IndyMac fails, it may cost the government up to $8 Billion out of its FDIC fund to compensate burned account holders.  When huge banks like Bear Stearns fail, the Fed might front cash to buy the riskiest $29 Billion in order to get the rest of the business into the hands of another company and keep the machine running.  And then there are the banks like Fannie Mae (FNMA) and Freddie Mac (FHLMC).

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Nickel-And-Diming The Penny Into Irrelevance

MayorBob.

Posted to Business on Wed Mar 05, 2008 at 05:10:49 PM EST (promoted by 1fastdog). RSS.

When Secretary of the Treasury Henry Paulson talks money, people listen.  Paulson recently slammed the penny calling it "worth less than any other currency."  This piece of obviousness (the penny is the lowest piece of US currency) aside, perhaps it's time to think about doing away with the coin.

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The Panic of 2008

profwhat.

Posted to Business on Tue Jan 22, 2008 at 02:35:43 AM EST (promoted by port1080). RSS.

While American traders had a one-day holiday, markets in the rest of the world crashed.  European markets had their biggest losses since the terrorist attacks in 2001.  This comes after the U.S. stock market had its worst week for five years, and Asian markets similarly crashed.  

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Minimum wage workers get 70¢ raise

pO157.

Posted to Business on Tue Jul 24, 2007 at 04:22:27 PM EST (promoted by port1080). RSS.

On July 24th, minimum wage earners in the United States get a mandated raise to $5.85 an hour. This applies only in the 18 states where local governments have not already raised the rate above the previous $5.15hr.

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If you ain't [worth] no money take your broke ass home!

pO157.

Posted to Business on Thu Jun 14, 2007 at 08:34:19 PM EST (promoted by port1080). RSS.

525,600 minutes, 525,000 moments so dear
525,600 minutes how do you measure a year?
In daylights, in sunsets, in midnights, in cups of coffee
In inches, in miles, in laughter, in strife?
In 525,600 minutes - how do you measure a year in the life
How about... money?

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50 Nifty Years: The EU Celebrates Its Golden Anniversary

pO157.

Posted to Etcetera on Fri Mar 30, 2007 at 05:45:03 AM EST (promoted by 1fastdog). RSS.

They came from all over, including Ethiopia, to celebrate its 50th Anniversary.

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Wal-Mart Workers Want Wage Whitewash Withdrawn

pO157.

Posted to Etcetera on Wed Aug 23, 2006 at 08:10:34 PM EST. RSS.

On August 23, a hearing will be held to determine whether a temporary restraining order should be granted to stop "improper communications" from Wal-Mart. These alleged communications have been described as "borderlin[ing] on criminal witness intimidation," which is supposedly being carried out by local store managers.

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