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 . '/' . substr('9781582437842',-6,3) . '/' . '9781582437842' . '.jpg'; ?>)
By Dana Johnson
$15.95
By Charles Emmerson
$19.11
$40
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Flickr/401(K) 2013
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By Robert Reich — Part of the president’s State of the Union message and a portion of his second term agenda apparently will focus on public investments in education, infrastructure and basic R&D. That’s good news. But how do we fund these investments when discretionary spending is being cut to the bone in order to reduce the budget deficit?
Posted on Feb 12, 2013
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papalars (CC BY-ND 2.0)
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In the race to build the most widely used and technologically redundant social network out there, Apple has considered investing hundreds of millions of dollars in Twitter. (Or not.)
Posted on Jul 28, 2012
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http2007 (CC BY 2.0)
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Growth for the world’s largest exporter hit its slowest pace in three years as demand for Chinese products waned in the U.S., Europe and elsewhere, prompting the country’s leaders to encourage investment with stimulus measures.
Posted on Jul 13, 2012
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(CC-BY-SA)
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“Like father, like son” the old saying goes. But according to New York Times columnist Paul Krugman’s latest Op-Ed, Mitt Romney is nothing like George Romney, as far as wealth and the disclosure of it are concerned. And that is not a good thing.
Posted on Jul 9, 2012
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Flickr / Wonderlane (CC-BY)
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Warren Buffett’s company Berkshire Hathaway negotiated a $5 billion investment with Bank of America on Thursday, a vote of confidence in the recently ailing institution. (more) [Earlier Thursday, Truthdig erroneously reported the figure as $5 million.]
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Flickr / Policy Network
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After six straight weeks of a falling Dow and a period of stalled economic growth, the stagnation of national recovery is glaringly visible to everyone—except our representatives in Washington, says Robert Reich.
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Flickr / woodleywonderworks
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Don’t mistake the claims of relative unimportance coming from the big shots on Wall Street before an audience of federal regulators over the past several months for some sort of newfound humility. (more)
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Flickr / ILRI
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American universities are reportedly using endowment funds to buy and lease vast tracts of African farmland, often for piddling prices, in deals that will reward foreign investors handsomely while separating tens of thousands from their homes and farms and providing little or none of the economic benefits promised them, California researchers say.
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AP / Christophe Ena
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The uprising that sacked Tunisia’s government is continuing to echo through the region, with Egypt, especially, looking over its shoulder and fearing instability that could scare off foreign investors.
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flickr / deneyterrio
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Well, you may have to wait awhile, unless you’re among Goldman Sachs’ circle of elite customers who were given the investment opportunity Sunday night—an indication of other possible big moves that Goldman and Facebook might make down the line.
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Wikimedia Commons / AgnosticPreachersKid
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On Wednesday, a day after Goldman Sachs stock took a dip as the SEC’s lawsuit against the financial giant loomed large, The Wall Street Journal suggested that Goldman could catch a break in the case ... (continued)
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Flickr / omar_chatriwala
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Dubai’s debt issues caused trouble in other parts of the world Friday. Stock markets from Europe to Asia to the U.S. registered the effects of the city-state’s announcement that it would need to put off paying back $60 billion in debt incurred from investments, according to The Wall Street Journal.
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wordpress.com
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These tough economic times have ganged up on the poor, homeowners, investors, students and immigrants. And now comes word that even Harvard and Yale, among the wealthiest schools in the world, have suffered dramatic losses in their endowments over the past year.
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Flickr / jurvetson
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The former vice president has thrown plenty of his own money at the climate crisis, but now the Nobel Prize-winning environmental activist is hoping to profit from his policy ideas. “An environmental start-up backed by Al Gore’s venture capital firm aims to take advantage of coming U.S. climate change legislation by helping companies like Coca Cola and even cities cut pollution,” reports Reuters.
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It’s hard to say what made Columbia University professor David Buckner pass out during Monday’s episode of “Glenn Beck,” but perhaps standing so close to the Fox Newser and being obliged to describe a complex economic scenario with the aid of a cheesy graphic entitled “Path to Destruction” had something to do with Buckner’s sudden need to take a break from full consciousness.
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Flickr / Art Comments
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The world’s richest man—until recently, anyway—said the economy “has fallen off a cliff” and he blamed “muddled messages” for the public’s uncertainty. Warren Buffett, in remarks broadcast Monday on CNBC, criticized Republicans and the political process, but his barb has at least grazed the man he helped elect president.
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pattisonsign.com
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After receiving $45 billion from U.S. taxpayers just two months ago, Citibank’s much-maligned parent Citigroup will be no longer, as the financial giant announced in Solomon-style manner Friday that it will split itself into two, dividing the company’s traditional banking business— becoming Citicorp—and its riskier investment department—Citi Holdings.
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canada.com
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When the global economy takes a serious plunge (i.e., like right now), one would think that such frivolities as facial fillers and Botox would be the first to go from the regimens of even the most image-conscious among us.
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chicagotribune.com / Barack Obama
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It looks like a $2,075 investment in a sketch by then-no-name artist and Illinois Sen. Barack Obama could really have paid off. The doodle, drawn as part of a 2007 “National Doodle Day” charity event, is now said to be worth in the six figures.
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nafcu.org
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Joining in the unhappy trend of mass layoffs, American Express announced Thursday that 10 percent of the credit card company’s work force will soon be cut due to the current economic crisis.
Posted on Oct 30, 2008
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AP photo / Manuel Balce Ceneta
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There will hopefully come a day when the news from Wall Street is actually good (at the moment, anything better than utterly terrifying news would be nice), but Tuesday was not that day, despite Federal Reserve Chairman Ben Bernanke’s intimations that help could soon be on the way.
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commons.wikimedia.org
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To help all those still reeling from sudden onset econo-tastrophe syndrome, the BBC has put together a handy timeline, which connects the dots between events over the last couple years but doesn’t quite take the long view, thus leaving out a few key moments and players from, say, the 1990s (paging Phil Gramm).
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AP photo / Lauren Victoria Burke
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Early Sunday morning brought word that the end of the drawn-out bailout negotiations between warring factions of the federal government might finally be at hand, although the House and Senate had not yet officially approved terms of the proposed plan. Updated
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Flickr / wwarby
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Federal Reserve Chairman Ben Bernanke expects America’s economic struggles to continue well into next year and has asked Congress to expand his regulatory powers. Lawmakers are unlikely to fulfill his request any time soon. Bernanke also suggested that the Fed could continue to bail out investment banks.
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godtube.com
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A European hedge fund just invested $30 million in a Christian-oriented video sharing site. The vast majority of Americans identify as Christian, and while the economy may be taking a nose dive, there’s still money to be made on Jesus.
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guardian.co.uk
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Al Gore’s Generation Investment Management has teamed up with venture capital heavyweight Kleiner Perkins Caufield & Byers to try to close the “significant gap between the capital needed and the capital currently deployed to create enduring solutions to the climate crisis.” The alliance will have a global focus and will seek to multiply by “many times” the $200 million already invested by KPCB in green projects.
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Quelle Surprise! Haiti on the Mend
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