This year’s World Economic Forum in Davos marks a clear shift in the global power structure. "Bankers Are On Run", headlined the Wall Street Journal in its weekend edition, describing an atmosphere of, quote, "First, kill all the bankers…
A sharp reader offers the following hypothesis (which I have edited):
Illinois is fundamentally bankrupt. It has less than $1 million in cash, pays vendors net 90, and owes its state university $450 million that it cannot pay. Oh, and it also has $60 …
The past week saw important updates on several key economies. First up is US GDP figures, showing an acceleration of the inventory cycle and stimulus led recovery.[More...]
This is a guest note by Ralph Gomory, one of the nation’s leading thinkers about technology, innovation, and the productivity health of national economies. Gomory previously served as IBM’s Senior Vice President for Science and Technology and subsequen…
The US economy expanded by an eye-popping 5.7% pace in Q4 09, according to the government’s initial estimate, the fastest in six years. The slower pace of de stocking, contributed about 3.4 percentage points to GDP. Consumer spending rose at a 2% clip,…
Things are heating up for Securities America, which finds itself at the center of a regulatory probe involving sales of private placement securities. On Jan. 26, Massachusetts’ top securities regulator, William Galvin, filed the first state enforceme…
DQNews — "An estimated 41,837 new and resale houses and condos were sold statewide last month. That was up 16.7% from 35,860 in November, and up 10.6% from 37,836 for December 2008 (see chart above). An increase in sales from November to December…
Recently Barry Ritholz at Big Picture posted a video of George Carlin’s comment about the plight of the middle class and the illusion of the American Dream.[More...]
Some say America’s influence in the world is waning, but you couldn’t tell that by looking at higher education. A record 671,616 foreign students attended U.S. universities during the 2008-2009 academic year, according to the Institute of Internati…
“Progress, far from consisting in change, depends on rententiveness. Those who cannot remember the past are condemned to repeat it.” — George Santayana
China would do well to remember the lessons from the real estate collapse in the United State…