Tag Archives: Money

S&P

March 17, 2009 – 6:04 pm

An interesting bit of trivia, I think: If you play with the graph here you can show that since Obama came to power the S&P 500 (which I chose because it’s a better indicator than the Dow of the overall market, though still far from perfect) has fallen around 10%. That’s pretty shocking. [...]

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Rescuing GM

November 13, 2008 – 11:07 am

Thomas Friedman has a great article up about the foolishness of the likely bail-out of GM:
They were interviewing Bob Nardelli, the C.E.O. of Chrysler, and he was explaining why the auto industry, at that time, needed $25 billion in loan guarantees. It wasn’t a bailout, he said. It was a way to enable the car [...]

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Fewer Toys

October 17, 2008 – 12:33 pm

The BBC reports that the toy manufacturing market in China is facing major difficulties:
The Chinese news agency Xinhua said 52.7% of the country’s 3,631 companies making toys for export went out of business in the first seven months of the year.

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One Word Response

October 9, 2008 – 6:51 pm

From the BBC:
Prime Minister Gordon Brown says he is “angry” about irresponsible behaviour by bankers and has warned that “the days of big bonuses are over”.
Wrong!

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TheHill.com – Soros floats alternative bailout plan with Dems

October 2, 2008 – 11:34 am

Here’s an interesting idea from George Soros. Instead of the current bailout plan, he suggests getting troubled banks to issue enough extra stock to recapitalize them, with the stock being bought by the government. This would restore balance to their accounts (with extra cash on hand they wouldn’t be so extended, and their [...]

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