Sounds terrible and wonderful at the same time; the guy trying to develop a downtown tower sounds like a loon; but the people looking for small starts-ups and starting farms sound like they're onto something (though that's my bias).
When most of the people who stay are those who can't afford to leave, what happens?
Detroiters? What am I getting wrong, here? What is Bloomberg missing? Read below the fold...
Companies with a market capitalization greater than $1 billion that hold more cash than the value of their stock and debt, according to data compiled by Bloomberg:
Banco do Estado do Rio Grande do Sul SARead below the fold...
Banco Popolare SC
Bank of East Asia Ltd.
Bank Leumi Le-Israel Ltd.
Bank of N.T Butterfield & Son Ltd.
Bank of New York Mellon Corp.
Bank of Beijing Co.
Bank of China Ltd.
Bank of Cyprus
Banque Privee Edmond de Rothschild
Banque Centrale Populaire
BOC Hong Kong (Holdings) Ltd.
Canara Bank Ltd.
China Minsheng Banking Corp.
Commercial International Bank
Comverse Technology Inc.
Discover Financial Services
Question for the group, asked in honest and open-minded interest:
What "good in the world" can the CIA claim? What, specifically, has it done that makes America safer, and/or the world a better place? Read below the fold...
The double standard continues:
A senator who will help determine whether the auto industry gets a $15 billion bailout said Sunday that the head of General Motors should step down, telegraphing what could be a congressional demand for a top-line shake-up in Detroit in exchange for financial life support.
Rick Wagoner, the chief executive of GM, "has to move on," said Christopher Dodd, D-Conn., chairman of the Senate Banking, Housing and Urban Affairs Committee. He spoke on CBS' "Face the Nation."Read below the fold...
3:00 - 3:50 Stockholm time translates into 9:00 - 9:50 AM ET according to this.
The title of the talk is "Increasing Returns". Should be interesting. Read below the fold...
At a news conference Sunday, President-elect Barack Obama said Republic should follow through on its commitments to its workers.
Actually, Obama said more than that:
"The workers who are asking for the benefits and payments that they have earned, I think they're absolutely right and understand that what's happening to them is reflective of what's happening across this economy," Obama said.Read below the fold...
Oh Yet We Trust
Oh yet we trust that somehow good
Will be the final goal of ill,
To pangs of nature, sins of will,
Defects of doubt, and taints of blood;
That nothing walks with aimless feet;
That not one life shall be destroyed,
Or cast as rubbish to the void,
When God hath made the pile complete;
That not a worm is cloven in vain;
That not a moth with vain desire
Is shrivelled in a fruitless fire,
Or but subserves another's gain.
Behold, we know not anything;
I can but trust that good shall fall
At last—far off—at last, to all,
And every winter change to spring.
So runs my dream: but what am I?Read below the fold...
An infant crying in the night:
An infant crying for the light:
And with no language but a cry.
---Alfred, Lord Tennyson
I'm so damned tired of our UAW workers taking so much flack from so-called Progressives. The small UAW caravan to Washington is going not just to support the loans for the Big Three, but to push liberal and progressive causes. I don't see any of the Kos kids putting their money where their mouths are. You want to help liberal and progressive causes? Remember Detroit: Read below the fold...
Michael Dukakis runs down the list of the market-oriented -- Go Shopping! -- solutions we've tried, or have proposed, for containing healthcare costs. HMOs. Managed care. Consumer-driven health care. Pay for performance. Electronic health records.
Then he asks: How do all those other advanced, industrialized countries have health care that's better than ours for about half the cost? Answer: They treat healthcare as a public utility, and regulate its prices, with a fraction of the overhead and bureaucracy that plague our system. Read below the fold...
Sometimes the yucks come from the oddest places:
"Save a Bundle When You Buy a Bank (like Citigroup...)
Help your children start to practice financial responsibility early! Our ATMs work just like the real thing—deposit cash and coins, and they will keep a running balance of savings. It's a great way to save for something special, and to build on math and budgeting skills. Plus, for 48 hours only, you can save $10 when you buy! Read below the fold...
So I assume you know why today is an historical day. In the spirit of looking back and forward, and at ourselves, I thought I'd share a personal, family story about some of the things we're supposed to be thinking of, as we all break bread in thanks that we're not all speaking German. Read below the fold...
Now he's blaming the Bush administration; finger-pointing is never a good sign. Politico:
And after weeks of public magnanimity toward the Bush administration and much cooperation between the outgoing and incoming economic teams, Obama expressed irritation at what he described as a lack of urgency on the part of the incumbent about offering mortgage assistance to struggling homeowners.
“I'm disappointed that we haven't seen quicker movement on this issue by the administration,” Obama said. “We have said publicly and privately that we want to see a package that helps homeowners not just because it's good for that particular homeowner; it's good for the community.’Read below the fold...