Ken Silverstein: KEN SILVERSTEINThe Financial Crisis, the IMF and Karl Marx May 6, 2009
Posted by assetbubbles in Asset Bubbles.Tags: Business, Current Issue, IMF, Piece, Recovery, Simon Johnson, The Quiet Coup:
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Another good piece of writing by Ken Silverstein of the Harper’s Magazine.
The Atlantic has a good piece in its current issue called The Quiet Coup: How bankers took power, and how theyre impeding recovery , written by a former IMF official named Simon Johnson. He describes the U.S. as potentially an emerging banana republic, saying, [E]lite business interestsfinanciers, in the case of the U.S.played a central role in creating the crisis, making ever-larger gamb…
Construction jobs disappearing (Crain’s Cleveland Business) May 4, 2009
Posted by assetbubbles in Asset Bubbles.Tags: Jobs, Local, Real Estate, Recession, Sector
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Another great article by Alexander Coolidge of Crain’s Cleveland Business.
In the two years since the real estate bubble burst and sent the broader economy into recession, local construction jobs are disappearing at a faster rate than any other local job sector – surpassing manufacturing as the region’s most rapid job loser.
Rocky Mountain News: Exxon Mobil overtakes Wal-Mart to top Fortune 500 April 20, 2009
Posted by assetbubbles in Asset Bubbles.Tags: Exxon Mobil, Fortune 500, Price Bubble, Shrugging, Unseated, Wal-Mart Stores
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Here is today’s story from Rocky Mountain News on Wal-Mart Stores.
Exxon Mobil Corp. unseated Wal-Mart Stores Inc. in the 2009 Fortune 500 list, shrugging off the oil price bubble and weathering what the magazine called the worst year ever for the country’s largest publicly traded companies.
Kansas City Star: Developer selection secures jobs at Honeywell April 7, 2009
Posted by assetbubbles in Asset Bubbles.Tags: General Services Administration, Jobs, Kansas City, Oak Brook, Plant, Zimmer Real Estate
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Here is today’s story from Kansas City Star.
developer has been chosen for the new Honeywell weapons plant in south Kansas City, capping a lengthy struggle to keep its 2,100 well-paid jobs in the area.A venture between Zimmer Real Estate Services of Kansas City and CenterPoint of Oak Brook, Ill., will develop the $500 million project, the federal General Services Administration is announcing today.Work sho…
Interesting Asset Bubbles News Links (April 06, 2009) April 6, 2009
Posted by assetbubbles in Asset Bubbles.Tags: Banks, Investors, IPO, Ipos, Leaked, Settlement, Whod
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* Long-Running IPO Litigation Reaches $586M Conclusion (Ashby Jones, Wall Street Journal)
Frankly, wed sort of forgotten about the IPO litigation; the last time it crossed our radar screen was back in October , when word leaked of a possible settlement between a handful of banks and investors whod bet big and largely lost on several big technology IPOs about a decade ago.
Kevin Collison, Kansas City Star: Developer selection secures jobs at Honeywell April 6, 2009
Posted by assetbubbles in Asset Bubbles.Tags: General Services Administration, Jobs, Kansas City, Oak Brook, Plant, Zimmer Real Estate
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A short article by Kevin Collison at Kansas City Star.
developer has been chosen for the new Honeywell weapons plant in south Kansas City, capping a lengthy struggle to keep its 2,100 well-paid jobs in the area.A venture between Zimmer Real Estate Services of Kansas City and CenterPoint of Oak Brook, Ill., will develop the $500 million project, the federal General Services Administration is announcing today.Work sho…
QUESTOR: Plant Health has wilted but hold on for the sunshine (Garry White) April 4, 2009
Posted by assetbubbles in Asset Bubbles.Tags: Commodity Bubble, Cost, Indonesia Senegal Egypt, Philippines, Prices, Rioting, Staples, Steeply
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From The Daily Telegraph. Here we go again:
Until the commodity bubble burst last year, rising food prices were becoming a significant problem. It led to rioting in Indonesia, Senegal, Egypt and the Philippines as the cost of staples such as wheat and corn rose steeply.
Stephen King: Interest rate cuts will only reduce the short-term pain March 26, 2009
Posted by assetbubbles in Asset Bubbles.Tags: Housing, Interest Rate, Stock Market
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Belfast Telegraph covers the Interest Rate issue:
Those who oppose interest rate cuts seem to base their arguments on one of three ideas. First, rate cuts won’t work. Second, rate cuts will simply reignite earlier housing or stock market bubbles. Third, borrowers simply don’t deserve rate cuts. Some people seem to believe in all three of these ideas, an approach which, to my mind, is nonsensical.
Interesting Asset Bubbles News Links (March 25, 2009) March 25, 2009
Posted by assetbubbles in Asset Bubbles.Tags: Call, Once-in-a-generation, Recession
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* Investing in the Great Recession (News-Item)
While we all wait for better times, lets review some more of the lessons you should take away from this once-in-a-generation upheaval we call the Great Recession.
