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Jackson's funeral: taxpayers foot the bill
in Sox First, on July 9, 2009
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The California economy is in meltdown. So why do taxpayers have to pay for Michael Jackson's funeral? An expensive live event for a dead superstar. The Los Angeles Times reports that inquir...
The Goldman Sachs-Rolling Stone slugfest
in Sox First, on July 3, 2009
...s a good read. My only issue with the piece is that it ignores many of the villians who created the meltdown. Moderation is not Taibbi's strong point but hey, it reads well. And the Empire has st...
Did Sonia Sotomayor's mortgage views help send county into recession?
in The Mortgage Roadmap, on June 23, 2009
...vative commentators on FOX News and other stations putting the blame for the country's mortgage meltdown on the poor and on the federal agencies that tried to get them into homes.
Their reasoning...
Does owning a home have to be the American Dream?
in The Mortgage Roadmap, on June 17, 2009
...roblems, don't we? And today, a lot of us are busy looking for people to blame for the mortgage meltdown the country is currently suffering through.
You know all about the meltdown: Housing forec...
How'd the mortgage meltdown happen? NPR knows
in The Mortgage Roadmap, on June 15, 2009
...eck out of me, too.
You can't rely on the mainstream media to help you understand the mortgage meltdown, either. That's understandable. Newspapers cover news as it happens. Their stories usua...
Mortgage interest rates went up. Don't panic!
in The Mortgage Roadmap, on May 28, 2009
...'t make much sense. Mortgage loan officers are swamped these days. The weak economy and housing meltdown has chased many from the business. Those that remain are handling more work than ever thank...
Kapalua Saved. PGA Sighs With Relief
in Eagle Par Birdie, on May 8, 2009
...39;s get right to it.
I note that the PGA Tour has landed its first new sponsor since the economic meltdown. Depending on which economist you like to believe in, that could be the first new sponsor s...
Bankroll blues
in Sox First, on May 7, 2009
...hat that the top 25 originators of subprime loans, the $1 trillion worth of assets that created the meltdown were owned and financed by investment banks now receiving bailout money. Investment banks o...
I never thought it would get this bad: Rupert Murdoch
in Sox First, on May 6, 2009
...K papers will lose money "for a year or three" and admits he was taken by surprise by the meltdown. "I never thought it would get this bad," he says. That's a really bad scena...
The next accounting battle
in Sox First, on May 3, 2009
...d probably comes too late. Off balance sheet vehicles were one of the reasons the markets went into meltdown. Using borrowed money, investment banks, hedge funds and commercial banks made reckless bet...
Costs of IFRS conversion
in Sox First, on March 31, 2009
...US to adopt International Financial Reporting Standards (IFRS) had slammed into reverse. The market meltdown has created widespread opposition to the move. Now CFO.com reports that an Accenture stu...
Unemployment to soar: bleak times ahead
in Sox First, on March 31, 2009
... contract, after shrinking by about 20% in 2008, Gurría warns of a massive impact on society. The meltdown is turning into a jobs and social crisis and the question is are we prepared? Gurría says: &...
G20 protest meltdown
in Sox First, on March 28, 2009
... of how polarized the world has become in the wake of the financial meltdown with anti-capitalists, environmentalists, radical academics and resurgent anarchists preparing themselves for massive prote... ...hyperbole, it's another sign of how polarized the world has become in the wake of the financial meltdown with anti-capitalists, environmentalists, radical academics and resurgent anarchists prepar...
RFID in times of recession
in The RFID Weblog, on March 27, 2009
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Global meltdown has cast its ominous shadows on almost every sector around the globe and how could the RFID industry stay untouched.
On the whole the projected growth rates of the industry are ...
Recession to last three to five years
in Sox First, on March 10, 2009
...n," he says. Still, there is room for some optimism. Kind of. Roubin says the risk of a total meltdown has been reversed for now. Instead, the economy is going through "a death by a thousan...
Detroit and the rest: how the crash will reshape America
in Sox First, on March 3, 2009
The recession sweeping through America will reshape the major cities. One of the most obvious places is Detroit which, according to this news report , would have the cheapest houses in the country. The median price of a home sold in Detroit in December was $7500. That's right, not $75,000 b...
Dumb money and the meltdown
in Sox First, on February 24, 2009
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The financial meltdown was not brought on by sleaze and greed. According to writer, Daniel Gross, it was caused by dumb money. Plugging his latest book , he explains more here . "The Dumb ...
Dubai bailout
in Sox First, on February 23, 2009
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The meltdown from the credit crisis, combined with a 74% drop in oil prices, is hurting Dubai which has the world's tallest building, most expensive hotel suite and largest man made islands. D...
The Stanford-Madoff connection
in Sox First, on February 22, 2009
...emerging. Allen Stanford and Bernard Madoff are the first two big frauds that have come out of this meltdown and they won't be the last. Furthermore, both cases raise questions about how investors...
The Great Depression Ahead by Harry S Dent
in Sox First, on February 21, 2009
...nvestor George Soros and former federal Reserve chairman Paul Volcker saying the global financial meltdown is worse than the Great Depression, it might be time to look at Dent's book . Dent, a...
The Two Trillion Dollar Meltdown by Charles R Morris
in Sox First, on February 19, 2009
...987 stock market crash and the collapse of Long Term Capital Management were a practice run for the meltdown. All reflected the shift to deregulation, the agency problem where no-one is sure that comp...
Pontiac, Great Indian and GM Chief, Soon to be Buried
in carzz.org, on February 18, 2009
...ast gasp was the G6 , a rear-drive performance sedan whose launch sadly coincided with an economic meltdown.
If ever there was an example of mismanagement by product heads who had no understanding ...
Stimulus Hype: Sorting Out Keynes (Part III)
in Bizinformer, on February 15, 2009
...the role of Alan Greenspan in the development of the economic insanity that helped fuel the current meltdown.
Dick Morris does a good rendition of the "less spending, smaller government" ...
The meltdown and fascism: minister warns
in Sox First, on February 10, 2009
In his book The Subprime Solution , economist Robert Shiller warns that in good times people are willing to co-operate and accommodate others but when optimism for the future turns sour, they become angry, fearful and selfish. The Great Depression therefore led to the rise of fascism, anti-Semi...
IMF risks running out of cash
in Sox First, on February 9, 2009
... the US budget deficit for instance could very well top $2 trillion - to fight the global financial meltdown. They are about to be joined by the International Monetary Fund. IMF managing director Dom...
Climate change and fires
in Sox First, on February 9, 2009
...l crisis but that's ignoring the obvious and they are in denial. However terrible the financial meltdown might be, it's never destroyed houses, towns and lives....
Global crisis creating turmoil
in Sox First, on February 3, 2009
... blog entry looking at whether the riots in Paris would spread around the world. Will the economic meltdown create urban unrest and violence? Apparently it's happening right now. Check this han...
Google GDrive online storage & backup service leaked
in Wangtam, on January 31, 2009
...rld Economic Forum - WELCOM
• The Top 10 Social Networks for Generation-Y
• Meltdown at Ma.gnolia: Data Lost, Service Offline
• Sexy Nerve.Com Kicks Parenting Site Out of the Nest
• 美最大报业集团Gan...
Guess who's coming to Davos
in Sox First, on January 26, 2009
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The financial meltdown has hit the world's most prominent gabfest which kicks off in Davos today. Last year's event included Bill Gates, Bono and Queen Noor (pictured above) but this year&...
The meltdown's rogue gallery
in Sox First, on January 26, 2009
... crisis? The Guardian's City editor Julia Finch picks out the 25 who were at the heart of the meltdown . The list is headed by former Fed chairman Alan Greenspan who allowed the housing bub...
Financial meltdown claims its first casualty
in Sox First, on January 25, 2009
...n is whether Haarde is the first. How many more political casualties can we expect from this global meltdown?
...
Financial crisis to drive fraud claims
in Sox First, on January 22, 2009
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The financial meltdown will result in more fraud claims and legal disputes, according to the latest report from risk management consultants Kroll . The alarming part about this report is the war...
Wall Street to Obama: the banks are insolvent
in Sox First, on January 21, 2009
...hase, Morgan Stanley and Well Fargo. Dr Doom, economist Nouriel Roubini who predicted the economic meltdown has warned that the US banks are effectively insolvent. He has told told a conference in ...
Don Witt Predicts VoIP Surge in 2009
in The VoIP Weblog, on January 17, 2009
...hat a struggling economy in 2009 will lead to a surge in VoIP deployments.
"The stock market meltdown will increase VoIP growth," Witt writes. "More and more executives will be under ...
Maths and the meltdown
in Sox First, on January 14, 2009
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One of the big drivers of this financial meltdown were the econometric models that saw mathematics guiding investor behavior. The reality is that the big drivers of bubbles are social and psychol...
Subprime meltdown drives litigation
in Sox First, on January 7, 2009
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The financial meltdown is driving litigation. New data released in the Securities Class Action Filings: 2008 Year End Assessment , from Cornerstone Research and the Stanford University Law Schoo...
Rise of the new consumer
in Sox First, on January 7, 2009
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The market meltdown is changing consumer behavior. And it will produce a new consumer. Retailers tell me consumers are still buying, they're just not spending as much. Instead of a $20 bunch ...
Diagnosing the liquidity and credit crunch
in Sox First, on January 6, 2009
...n is different and this one is no exception. That's why comparisons with previous downturns and meltdowns are meaningless. It also explains the growing number of analytic studies that are now emer...
Fair value blow for banks
in Sox First, on January 1, 2009
...asing a 211 page report that fends off the banks' claim that fair value created the financial meltdown, even though they made a fortune out of it when times were booming. The SEC said banks onl...
The year ahead: what to expect?
in Sox First, on December 31, 2008
...h you can watch on this video published The New Republic . He predicts a deeper recession with the meltdown continuing for another 12 months and US unemployment likely to hit 9%. He also warns that a...
Microsoft Zune Users Report New Year's Meltdown
in The Mobile Technology Weblog, on December 31, 2008
....
Microsoft hasn't been available for comment on what victims are calling the Zune 30 Midnight Meltdown but forums around the globe are ablaze with complaints and demands for updates from Microso...
Niall Ferguson: The Ascent of Money
in Sox First, on December 23, 2008
...signal the end of US global primacy and transform the global world order. That is why the financial meltdown is now reshaping politics and society. Ferguson's central point is that money, for all...
Economic forecasts - dark days ahead
in Sox First, on December 22, 2008
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How bad is the meltdown? There are dire predictions from Miguel Angel Fernandez Ordonez, the Governor of the Bank of Spain. He says it's the worst since the Great Depression of 1929. "T...
The new mattress stuffers
in Sox First, on December 12, 2008
...tress stuffing. According to Penn, it's come back with a vengeance in the wake of the financial meltdown. Baby boomers are now buying gold coins, sales of home safes and vaults are surging and sal...
George W rewrites history
in Sox First, on December 12, 2008
...in response to the financial crisis, Bush "responded with bold measures to prevent an economic meltdown." Which is why we have had a meltdown and the worst financial crisis since the Great ...
PCAOB to auditors: turn up the heat
in Sox First, on December 9, 2008
... Public Company Accounting Oversight Board has put auditors on notice. in the wake of the economic meltdown, they need to exercise extreme scepticism. The PCAOB has put out a report telling audito...
Why did the housing meltdown happen in the US?
in Sox First, on December 8, 2008
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The role of the dysfunctional US housing market is one of the fascinating parts of this global meltdown. What is it about the US that created the meltdown? What are the unique features of that mar...
RFID ePass: Entire boarding ritual at airport will now be a breeze
in The RFID Weblog, on December 2, 2008
...ocess looks simply cool and I feel that other airlines would too make an effort to ape it after the meltdown era says goodbye!!
...
Under Your Christmas Tree, a 1962 Jaguar E-Type
in Classical Drives, on November 28, 2008
...e: £25,000-30,000." Which seems almost affordable for us plebes, even in today's economic meltdown.
Another offering that appeals to me is the 1973 Aston Martin DBS V8i (estimate £25,000- 3...
Shopping malls crunched
in Sox First, on November 28, 2008
...the mood to shop until they drop. Worse still, shopping malls are being hit hard by the US housing meltdown and crumbling economy with retailers calling it quits, not even waiting for Christmas, and ...
Gouging with the bailout?
in Sox First, on November 24, 2008
...d up and others left to die? Why has it changed from buying up the toxic mortgages that started the meltdown to throwing a lifeline to bad banks? These are the implications of a letter from the Pro...
Times are Tough, But This AOC Monitor Displays a Bright Side
in The Gadgets Weblog, on November 21, 2008
...middle of an economic free fall , while others might say that we are in the middle of a financial meltdown . Personally, I think they both might be right. On the bright side, many companies, itching...
Airlines offer free seats
in Sox First, on November 20, 2008
...ssons for other industries? Like, for example, the automakers? Airlines are doing it tough in this environment so it was interesting to read last week of Malaysian budget carrier AirAsia scrapping f... ...etty simple: airlines are trying to bring back customers who have stopped travelling because of the meltdown. But it does make you wonder whether other industries go the way of the mobile phone compan...
How the predication models failed
in Sox First, on November 11, 2008
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Earlier this year, I did a blog entry looking at how financial innovation had led to the meltdown. As the New York Times points out, the basic problem with the models built around mathematics...
Meltdown: suicides on the increase
in Sox First, on November 8, 2008
...se broke his spirit. But could this be a sign of things to come? Now there are warnings that the meltdown is likely to produce more executive suicides. And there is anecdotal evidence that it's...
Obama's to-do list
in Sox First, on November 7, 2008
...are system in the US, and energy reform, will have to go on the back burner while the economy is in meltdown. Expect to see the automakers and tech industry clamoring for favors. MarketWatch provid...
Accounting regulators protecting banks
in Sox First, on November 6, 2008
... taxpayer money gets pumped into ailing financial institutions. We'll still be risking systemic meltdown because nobody, especially the banks, will be able to trust anyone else's books. Yet th...
Banks stockpiling cash
in Sox First, on November 6, 2008
...ace in 56 years. "Banks are cutting back, the economy is in a deepening recession and in that environment, I don't think banks are going to become a lot more willing to extend credit soon,... ...rg . It's easy enough to understand. Conditions are so volatile and no-one knows how long this meltdown will go on for. And banks slashing interest rates - the latest being the Bank of England c...
The perverse meltdown
in Sox First, on October 31, 2008
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People blame the market meltdown on greed. But that's simplistic. The downturn has been created by perverse systems in organizations. I explain all that in my column here ....
Credit ratings agencies: we sold our souls to the devil
in Sox First, on October 23, 2008
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As the search for culprits behind the meltdown continues, ratings agencies have found themselves in the gun. Executives from Moody's and Standard & Poor's have told Congress that the p...
One Version of How the Meltdown Happened
in The Personal Finance Weblog, on October 20, 2008
© w.marsh
Most of us have no clue how things got so bad so fast. It's like it happened in another world, a world that unfortunately holds a lot of our money via our retirement funds. Ferris Bueller's teacher is here to sort it all out :
I don't know what the future will bring. I...
Corporate governance takes a back seat
in Sox First, on October 20, 2008
...gulators are not at all interested in fixing the corporate governance mess that helped speed up the meltdown. As part of the $700 billion bailout package, the US Treasury said financial institutions ...
Financial meltdown and climate change
in Sox First, on October 17, 2008
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Why does the subprime meltdown remind me of our inability to deal with climate change? Both are the result of market failure, both are symptoms of the inability of government and markets to plan f...
Financial ethics and the meltdown
in Sox First, on October 15, 2008
What does the implosion of markets teach us about ethics? Britain's Business In The Community business development director Mallen Baker has some interesting insights in his piece Financial ethics: Learning from chaos after a collapse of trust . "It has been created by companies tha...
Forecasts of the economic disaster
in Sox First, on October 13, 2008
...rket crash could occur leading to further panic and severe financial and economic distress. In this meltdown scenario US and global financial markets will experience their most severe crisis in the la...
Stresed Out?
in Biz Plan Hacks, on October 7, 2008
...ons who choose to run your own business. In my last job working for a major retailer I nearly had a meltdown due to the stress in the job. At night I would have serious nightmares every night about wo...
Who says IT is at fault in the financial crisis?
in The CIO Weblog, on September 30, 2008
...al instruments and the relative difficulty of judging the efficacy of presentations in such diverse environments. But those questions seem beside the point when plenty of people inside and outside the... ...ourtesy of forward-thinking CIOs like Halamka. But accusing IT of having a significant hand in this meltdown reflects as poorly to the general public on healthcare systems as it does on financial syst...
IT jobs in a down market
in The CIO Weblog, on September 29, 2008
...veryone, not just the tech industry.
CIO Magazine has an article focusing on the outcomes of the meltdown in the financial sector; it seems certain they are correct that the failure of so many larg...
Can the bailout fix things?
in Sox First, on September 29, 2008
...o resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown. It is pathetic that Congress did not consult any of the many professional economists that ...
Boxing Cox
in Sox First, on September 23, 2008
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The market is in meltdown mode so the heat is on Securities and Exchange Commission chairman Christopher Cox. A few days, I did a blog entry on John McCain talking tough and threatening to sack...




