Archive for June, 2009:

More from CBO’s ‘Long Term Budget Outlook’

{ Posted on Jun 29 2009 by Bruce Webb }
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Categories : All, Angry Bear
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The Looming Chinese Banking Disaster

{ Posted on Jun 29 2009 by Joe Weisenthal }
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Categories : All, Clusterstock
Fears of a mountain of bad debt on the books of Chinese banks have persisted for years and years. But between the country's strong growth and opaque, highly-regulated system, the size and scope of the problem has never really been ...Read More »

Shanghai Redefines Subprime Construction: Building Just Falls Over

{ Posted on Jun 29 2009 by Joe Weisenthal }
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What, you thought American builders were the only ones who built shoddy, boomtime housing? 9 people in China are being held by authorities over the collapse of this Shanghai apartment building, which literally just fell over on its side without breaking. ...Read More »

WTO signals backing for border taxes

{ Posted on Jun 29 2009 by Rdan }
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Would 1970s Airline Regulations Have Prevented The Buffalo Crash?

{ Posted on Jun 29 2009 by Joe Weisenthal }
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An idea that seems to be gaining currency, politically, is for the airline to go back to an old-style regulatory regime of less competition and more stable profits. The endless boom-and-bust cycle of the industry has always made some wonder whether ...Read More »

Now The Banks Are Reaming Debit Card Users

{ Posted on Jun 29 2009 by Joe Weisenthal }
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With the new laws, it's not as easy for banks to squeeze their credit card customers... so they're exploring more fertile territory. While it can't be quite as profitable, NYP says banks are looking for more ways to take money from ...Read More »

How Banks Outwit And Outlast Desperate Homeowners

{ Posted on Jun 29 2009 by Joe Weisenthal }
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The NYT reports on how cumbersome and difficult it is for a homeowners -- even with someone working on their behalf -- to talk to their bank about getting a loan modification. Pulling teeth is not an apt comparison. A better ...Read More »

Airlines Set To Squeeze Boeing Over Dreamliner Delay

{ Posted on Jun 29 2009 by Joe Weisenthal }
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Remember when we used to hold up Airbus as the paragon of inefficiency? So much for the idea that the problem was its quasi state-controlled, dual-nation status. Turns out, building new, advanced planes is just a nightmare. Boeing (BA) of course, ...Read More »

It’s Sentencing Day

{ Posted on Jun 29 2009 by Joe Weisenthal }
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Nobody seriously believes Bernie Madoff will get anything other than a de-facto life sentence today, but there should be at least a few fireworks at today's hearing. Madoff, of course, argues that he should receive no more than 12 years, giving ...Read More »

Alleged Mobster May Control Michael Jackson’s Estate

{ Posted on Jun 28 2009 by Joe Weisenthal }
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What do we know about Michael Jackson's finances? The guy had lots and lots of debt. He wasn't putting out CDs or touring, and like many Americans these days, he had trouble covering his nut, though by all appearances he ...Read More »
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