Ben Bernanke to appear before financial crisis hearing
CEO pay: their profit, your loss | Pratap Chatterjee
A new report shows the most highly paid executives are those who’ve laid off most workers: a bitter irony before Labour Day This weekend is Labour Day in the US, and that means a variety of different things to dif[...]
Rise in US industrial output drives markets higher
• Dow Jones up 200 points as recession fears recede• But UK industrial orders lowest for nine months Share prices rose strongly in the City and on Wall Street after a stronger than expected showing by America’[...]
If FDR had been elected in 1930 | Michael Tomasky
The FT’s Martin Wolf poses an interesting hypothetical in this column (dunno about this link, you may have to register), but he fails to answer it fully. The hypothetical goes like this: Suppose that the US presid[...]
FTSE extends gains after rare US data surprise
The FTSE 100 has extended gains in afternoon trading to be up more than 2% while the Dow Jones industrial average is also up sharply following stronger-than-expected US manufacturing data that has broken the recent chai[...]
Burger King could be snapped up by private equity firm
Burger King has been hard hit by the global financial slowdown, with sales under pressure in the US from rising jobless numbers and declining consumer confidence The global craze for mergers and acquisitions may be abou[...]
Costcutting US bosses earn 42% more than rivals, says IPS research
Institute for Policy Studies research shows US bosses who sacked most staff during recession earn more than their peers The good times keep rolling for “slash and burn” managers in America. Bosses of the 50 [...]
Obama’s Iraq address | Michael Tomasky
The president has ended the war George Bush claimed was over in 2003, but does he have enough fight for the mid-terms? Wait. Didn’t this war end once before? It did, at least rhetorically. Can you guess the date o[...]
Home truths for complacent economists | Dean Baker
Tax credits disguised the fundamental weakness of the US housing market. The reality reveals bleak prospects for growth The howls of surprised economists were everywhere last week as the government reported on Tuesday t[...]
Global markets fall as investors are braced for poor US economic results
• Countries fear US heading for a double-dip recession • Poor US employment figures expected on Friday Financial markets around the globe fell today as investors faced a crucial week of data on the US economy. The p[...]
