Tuesday, July 29, 2008
Back to blogging
Vacation is winding down so I will get back to blogging. It has been a great summer with trips to relief trips to Missouri (helping after tornadoes) and Iowa (gutting homes after flooding), as well as a vacation to Barcelona.But I am back and let the blogging begin again!
Wednesday, July 2, 2008
The capital role of finance in history - Money Matters - livemint.com
Finance and history have been linked for centuries. Here is an interesting look at some long run trends and later in the article what the history says may happen if the US loses its preeminent position.The capital role of finance in history - Money Matters - livemint.com: "Almost a hundred years ago in 1910, Austria-born economist Rudolf Hilferding wrote a book called Finance Capital....In his
Not too big to fail?
Bloomberg.com: Worldwide: "`We need to create a resolution process that ensures the financial system can withstand the failure of a large complex financial firm,'' Paulson said in the speech excerpts distributed by the Treasury to reporters traveling with him in London.The Treasury chief noted while there is a resolution mechanism for commercial banks, there is no such process for securities
Grasso now and then. A look back to 2003.
Bloomberg.com: U.S.: "Richard Grasso, the former New York Stock Exchange chairman who became a poster child for Wall Street excess, won a court ruling that allows him to keep his entire $190 million pay package.A state appeals court in Manhattan today dismissed the remaining claims against him for excessive pay, and Attorney General Andrew Cuomo announced he won't appeal further"And so it is over
Tuesday, July 1, 2008
Financier Starts Sentence in Prostitution Case - NYTimes.com
It has not been a good year for Jeff Epstein. A billionaire money advisor who owned his own island in the Caribbean as well as a large townhouse in NY, Epstein used to be known for his secrecy, smart friends, dislike of suits and ties, and yoga. That has changed in the past year. In fact, it has changed in a big way! Read on:Financier Starts Sentence in Prostitution Case - NYTimes.com: "On