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Daily business news and economic stories
  • The SEC has charged a former manager at a hedge fund and a salesman for Deutsche Bank with insider trading on credit default swaps. It's the first…

  • May 5, 2009

    Happy Ben

    The Fed Chairman sounded downright cheery about the economy today, compared to his recent assessments. Mr. Bernanke told Congress he's hoping for…

  • I was just thinking what the economy really needs is a little creative spark. More original thinking. Maybe even some crazy ideas. There's too…

  • How's this for recession art? An out-of-work artist based in Toronto took his last $208 in cash and sewed it together to make a blanket….

  • A county in China's Hubei province came up with an ingenious plan for mitigating the tax drain of cigarette smuggling and counterfeiting. It told…

  • May 5, 2009

    Morning Reading

    Good morning! Back from vacation. Thanks to Paddy Hirsch for a great job filling in on the blog. I see the banks are supposed to get their…

  • So, Chrysler expects to emerge from bankruptcy protection in July. This according to the company's bankruptcy filing. Nine weeks. Forgive me if I…

  • Many of the conversations I had over the weekend revolved around the question of whether its a good idea to start buying stocks again. A lot of…

  • May 4, 2009

    Deja vu, anyone?

    Filene's Basement files for bankruptcy….

  • A spat's brewing about the government's allegedly aggressive lobbying of those holdout non-TARP lenders to Chrysler. In case you've missed it, the…

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