NY Times gets the award for today’s best headline: “Dubai Forced to Check Out of W Hotel.”  The article covers the news that the state investment company Dubai World has lost its first large asset, the W Hotel in New York.  The buyer at foreclosure was a mezzanine lender with a 2 million dollar loan [...]

They are interesting to me. … whether that is an endorsement or not, I do not know.
 –whatever happened to the hole in the ozone layer?
 http://www.slate.com/id/2229859?obref=obinsite/
 –whatever happened to the Exxon Valdez?
 http://www.slate.com/id/2237027/
 –whatever happened to acid rain?
 http://www.slate.com/id/2225509/
 Michael

Societe Generale has issued a report for its customers preparing them for a major world-wide economic collapse.
“Ageing populations will make it harder to erode [enormous world-wide governmental] debt through growth. ‘High public debt looks entirely unsustainable in the long run. We have almost reached a point of no return for government debt,’ it said.  Inflating [...]

In a move which is sure to add credence to the rumor that he wants the job on a permanent basis, interim CEO of General Motors, who started just days ago, has announced a management restructuring and realignment.  These steps will be greeted with favor for “watchers” of the company since it looks like “action” [...]

From what I have read, and on a more limited basis observed, there are certain behaviors which occur at the top of markets.  For example, the top of a business may be marked by the building of a lavish headquarters only to be followed by the sale and partial leaseback of same from the new [...]

“General Motors Chief Executive Officer “Fritz” Henderson resigned after the board of directors concluded he hadn’t done enough to fix the finances and culture of the biggest U.S. automaker, a person familiar with the matter said.
On Tuesday, the board gave Henderson, 51, a 100-day review on his performance since GM’s bankruptcy exit, said the person, [...]

One need not recite the history regarding the TARP and stimulus funds which went into saving the “too big to fail” banks and brokerage houses.  Now comes news that the big banks “earned” 2.8 billion in the third quarter.  Yet there are more banks on the “about to fail” list compiled by the FDIC.  “Banks [...]