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Behind every bubble: Goldman SachsJun 25, 2009
Matt Taibbi is the Attila the Hun of contemporary journalism. He's not big on subtlety or nuance, but it is pointless to argue with the devastation and destruction left in his wake once he's...
Another day, another self-defeating energy bill compromiseJun 24, 2009
The Waxman-Markey energy bill, a.k.a. "American Clean Energy and Security Act," now appears headed for a Friday vote in the House of Representatives -- but only after a few more compromises aimed...
G.M.'s Death Spiral AcceleratesMay 15, 2009
If Thursday's spike in jobless claims was partially attributable to Chrysler layoffs, as some press reports have suggested, then worse is to come, judging by the news from General...
Obama crushes the Chrysler hedge fundsMay 8, 2009
If the showdown between the White House and Chrysler's dissident hedge fund bondholders was the first round of a prizefight, then Obama just scored a knockout with his first punch. Last Thursday,...
Did dinner with Obama pay off for the White House?May 8, 2009
So just what exactly, besides roast beef, did Obama feed Paul Krugman and Joseph Stiglitz at their dinner with the president on April 27? Check out these passages from the two Nobel Prize-winning...
The Obama era: Imperfect is better than nothingDec 17, 2009
Quick! What could the following possibly be in reference to?
So those who say that no deal is better than what is going on here are flat wrong. They really don't know anything about how government works and they've never taken a long trip. Maybe...
Extreme sheep herding, brought to you by SamsungDec 17, 2009
The market intelligence firm iSuppli is predicting that the LED light industry will shrug off the worldwide semiconductor industry decline, and register double-digit revenue growth in 2009 and a "a near doubling in market revenue by 2013."
iSuppli...
In defense of gift cardsDec 17, 2009
With Christmas one week away, Barry Ritholtz has gone on the warpath against gift cards at The Big Picture, employing rhetoric remarkably similar to that which he usually employs while lambasting bailout-prone politicians and greedy banksters.
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Hillary Clinton makes Copenhagen an offerDec 17, 2009
Secretary of State Hillary Clinton arrived in Copenhagen and promptly announced that the U.S. supported the creation of a $100 billion annual fund to help poor countries adapt to climate change. The money would be raised together with other major...
No more financial innovation. EverDec 16, 2009
At Bloomberg, columnist Joe Mysak has written a quite enlightening article detailing how Pennsylvania municipalities and school districts got themselves into big financial trouble getting played for suckers by bankers selling "synthetic fixed-interest...
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