Tag: global

Business

Setting the Bottom on Setting the Bottom

MayorBob.

Posted to Business on Wed Oct 08, 2008 at 01:29:16 PM EST (promoted by port1080). RSS.

No need for a long-winded write up on this.  The global financial markets are in the toilet.  The American market is leading the way with yet another retreat of market indices right after the US government passed that (US)$700 billion bailout. So far this week the US market has dropped over 850 points, with no end in sight. Foreign markets are, if anything, doing even worse - the Japanese Nikkei recorded its largest drop in two decades on Wednesday, losing a stunning 9.4% of its value in a single day.  But soon, real soon, one hopes the money will begin flowing from the federal treasury to buy up a bunch of distressed paper allowing banks to open up the sluice gates to the credit market.  At least, that's the theory, but what's the truth?

(33 comments, 420 words in story) Full Story

Music

M.I.A. - Kala (Review)

1fastdog.

Posted to Music on Sun Sep 09, 2007 at 04:51:02 PM EST (promoted by port1080). RSS.

What we have here is quite possibly the most over-hyped and over-rated album of 2007. The critics are falling all over themselves to heap praise upon the newest joint from M.I.A., but how good is it, really?

(4 comments, 687 words in story) Full Story