Don’t pretend we didn’t see this coming for a long, long time. In the early 1980s, around the time Ronald Reagan became President and Wall Street’s great modern bull market began, we started gambling and thinking magically.
Tag Archives: street
IBM draws criticism for job cuts, outsourcing
Turkish PM shows common touch on campaign trail
The yellow bus with a giant photo of the prime minister on its side raced through Elazig, a provincial town in eastern Anatolia, blaring patriotic music. Crowds of cheering locals, some of them women dressed in robes and veils, lined the dusty streets, straining to get a glimpse of Recep Tayyip Erdogan as he waved through the windshield. Suddenly, Emine Erdogan, the prime minister’s wife, gasped in shock
Geithner’s Bank Plan: Only a Partial Solution
You know those supersales at your local department store in which they offer great deals on a couple of things in the hopes of getting enough people in the door so they can move the crap too? That’s sort of what the Treasury Department and Tim Geithner are doing with the bank plan that was rolled out on Monday. The problem facing America’s economy has always been how to sell the worst of the toxic assets that are clogging banks’ balance sheets.