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Economy

GE shareholders not laughing

April 14th, 2011  |  Source: MarketWatch.com

Prank knocks $3.5 billion off GE’s market cap

As far as hoaxes go, it was hilarious. Unless you got caught on the wrong side of the trade.


The Real Housewives of Wall Street

April 12th, 2011  |  Source: Rolling Stone

Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs?

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Solar Highways

April 11th, 2011  |  Source: Wimp.com

Solar Roadways proposes to pave roads with solar panels that you can drive on - an intelligent pavement that generates power and pays for itself.

In 2010 alone, we've lost lives in coal mine and oil rig disasters and gas line explosions. The Gulf of Mexico has become a nightmare: lives and jobs lost - ways of life gone. What (more) is it going to take to drive us to wean ourselves off of our dependency on fossil fuels?

 


The Wall Street Mind: Anxious...

April 11th, 2011  |  Source: New York Magazine

Now they’re getting paid … But where will the next big paydays come from?

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Japan: Safes, Cash Wash Up On Shores After Tsunami

April 10th, 2011  |  Source: HuffPo

Safes are washing up along the tsunami-battered coast, and police are trying to find their owners – a unique problem in a country where many people, especially the elderly, still stash their cash at home. By one estimate, some $350 billion worth of yen doesn't circulate.

There's even a term for this hidden money in Japanese, "tansu yokin." Or literally, "wardrobe savings."

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This could easily be a $2 billion presidential election

April 5th, 2011  |  Source: USA Today

 

President Obama officially kicked off Monday what experts say will be the nation's costliest White House battle, as he uses the power of incumbency to raise vast sums for his re-election campaign. Outside groups also plan to flex their new legal power to spend unlimited corporate and union money in the election, dramatically increasing the price tag of the 2012 race.

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Greenspan is wrong: we can reform finance

April 4th, 2011  |  Source: FT.com

By Barney Frank

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African agriculture and Diaspora Bonds

March 30th, 2011  |  Source: NYT

HERE’S a statistic you may not be aware of: about 50 percent of the world’s uncultivated, arable land is in Africa. This abundance of potential farmland offers Africa the opportunity to feed itself and to help feed the rest of the globe. But consider another statistic: because of poor roads and a lack of storage, African farmers can lose up to 50 percent of their crop just trying to get it to market.


Stan Ovshinsky’s Solar Revolution

March 29th, 2011  |  Source: strategy + business

His inventions from 50 years ago enabled cell phones, laptops, and flat-screen TVs. Now, at age 88, he’s aiming to make solar power cheaper than coal.

by Lawrence M. Fisher


The Dark Underbelly of Finance

March 22nd, 2011  |  Source: Project Syndicate

 

If you thought that America’s financial sector had gotten enough of bad publicity, think again. The insider-trading trial of Raj Rajaratnam, a billionaire hedge-fund manager, has now begun. It is likely to provide an especially lurid exposé of the corrupt underbelly of the financial world.

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