Easy Street: April 18
Easy Street is Marketplace’s daily roundup of the most interesting news stories and commentary about Wall Street, Washington and the world beyond.
The Pulitzer Prizes: Business journalism did very well in this year’s Pulitzers. Go, read the work done by journalists to inform you better about the financial system.
Twitter: It is in talks to buy Tweetdeck for $50 million, reports the WSJ’s Amir Efrati.
Earnings: Because of S&P’s call on the U.S. outlook, everyone forgot that Citigroup reported its fifth-straight quarter of profitability – profit which dropped 32%. Which of those facts are more important? DealBook talks about how banks spin their earnings.
Not without my margin: European banks are facing much stricter requirements for how much money they have to keep on hand. England doesn’t want those European banks trying to move to London where life is easier.
The Winklevii method: Why work when you can make an entire career out of suing one company? The Winklevoss twins tell you how it’s done.
0 to 60….million: When a company’s executives spend weeks meeting potential investors for an IPO, that’s called a “road show.” Imagine a road show where the company is….Ferrari. We’ll give our male readers a moment to process that.
The Washington Matrix
Obama’s bonus: President Obama earned $1.7 million in 2010 – $400,000 from his federal salary and the rest from his three books.
Around the Web
“It is not that all traders are uniquely evil“: I just happened upon this scholarly Georgetown paper on the moral implications of Wall Street bonuses. Make some tea when you get home and read it.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.