The subprime crisis is containable. Asia has decoupled from the West. Europe’s banks are sound. Japan is a haven from turmoil. The worst is over. To the list of faulty bits of conventional wisdom, add that the BRICs will save ...
Read More »Torre recalls A-Rod ego and joyless Steinbrenner
Everybody’s talking about Joe Torre. About the book he wrote, coming out just two weeks before spring training begins. About how he has it in for Alex Rodriguez, maybe the most talented player in baseball and certainly the most narcissistic. ...
Read More »8th U.S. Circuit Court of Appeals
Corporate Income tax; refund action 08-1638 General Mills Inc. & Subsidiaries, Plaintiff-Appellee, v. U.S., Defendant-Appellant Appeal From: U.S. District Court for the District of Minnesota Submitted: Nov. 14, 2008 Filed: Jan. 26, 2009 Before: Judges Wollman, Beam and Benton Opinion ...
Read More »Missouri Court of Appeals Eastern District
Missouri Court of Appeals Eastern District Real property Special assessments; equitable relief ED90864 Lake Wauwanoka Inc., Respondent, v. John Anton, et al., Appellants Appeal From: Jefferson County Circuit Court, Judge Mark T. Stoll Handdown Date: 1/27/2009 Opinion Author: Judge Kenneth ...
Read More »Fed’s credit flirtation muddles exit strategy
What’s the endgame? Even as the U.S. economy sputters, the banking system teeters, the budget deficit heads for the stratosphere and the hand of government extends into all corners of the private sector, the public wants to know the way ...
Read More »Bonus bans are too late to fix banking industry
For bankers, the prospect of getting a big check at the end of 2009 was already bleak. Now it is a whole lot worse: Politicians have declared a war on bonuses. U.S. President Barack Obama has indicated that further support ...
Read More »Obama’s recession fix fits Allen Sinai’s model
In the fight over the stimulus plan, Republicans are demanding more tax cuts as the best way of lifting the economy fast. “We can’t borrow and spend our way to prosperity,” said House Minority Leader John Boehner. Well, maybe we ...
Read More »Vermont foreclosures held off by Yankee ways
Vermont is avoiding the foreclosure crisis plaguing homeowners across the U.S., perhaps owing to traditions of thrift, modesty and self-reliance — bolstered by laws that protect buyers and land. The foreclosure rate in Vermont is the lowest in the U.S., ...
Read More »Fannie Mae foreclosure sale shows price reset
With a sharp nod, Robert Parkin bids $500,000 at the auction of a brick colonial house in Upper Marlboro, Md. that the builder once valued at $1.1 million. Seconds later, a competitor counters at $510,000, and Parkin must decide whether ...
Read More »Obama needs a few good enemies to help shape his presidency
Every superhero needs an archenemy. President Barack Obama has yet to find one. “It’s always helpful to have a villain,” said Joe Gaylord, a Republican strategist who helped fashion the rise of Newt Gingrich in the 1990s. “If you don’t ...
Read More »Springsteen sides with fans, condemns Ticketmaster
Bruce Springsteen condemned Ticketmaster Entertainment Inc.’s handling of his sold-out tour, throwing his support behind fans who complained they were steered to a company site that offered seats at a mark-up. Ticketmaster this week redirected fans to the Web site ...
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