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Americans are broken as their wealth is gone since 1990s financial market manipulation
- ***** Quote: With the snow storm, online sale only rose 5% tells us a lot about the Holiday retail sales. Financial markets is painted with very rosy picture while US economy is painted with very rosy depression stain-glass US Online Holiday Spending Rose 5%: ComScore
- Week's Bond Auctions Show Lingering Need for Safety
A belief that economic tumult has not completely passed and that the Federal Reserve is unlikely to make any dramatic rate moves has unexpectedly driven investors into Treasury auctions this week.
- 2010 Tech Rally: Which Companies Will Lead the Way?
- A Year of Goodbye's: CEOs Make Their Exits in 2009
- Seven Businesses That Did Not Survive 2009
- Obama Calls Intelligence Meeting Over Failed Attack
- Amazon May Pay for Touting Kindle Without Details
- Porn's Tech Frontier: 3D and Peripherals
The Most Valuable Actors of 2009 - Marvel Approves Disney Merger
- Latest Jobless Numbers Point to Happy New Year
- AT&T Drops Tiger: What It Means
- AIG Executive Resigns Over Pay Limits
- Plot Exposes Fissure in US Intelligence Community
Last week's failed plot to bomb a passenger jet has exposed lingering fissures within the US intelligence community, which had information, but did not put the pieces together.
- Jobless Claims Post Surprise Drop; Seasonality at Play
- AIG Executive Resigns Over Pay Limits
- The Worst May Not Be Over for Europe
- China Hits Back at US, Says It's Being Made a Scapegoat
- Smooth Treasury Auctions May be in For a Bumpy 2010
- World's Top Aluminum Maker Sets IPO Plans
- Time Warner Cable Could OK Arbitration with Fox
- Northern Trust To Cut 2010 Entertainment Budget: Report
The Most Valuable Actors of 2009 - Radio Host Limbaugh Taken to Honolulu Hospital
Here are some of the nuggets I gleaned from days spent reading Frank’s handiwork:
-- For all its heft, the bill doesn’t once mention the words “too-big-to-fail,” the main issue confronting the financial system. Admitting you have a problem, as any 12- stepper knows, is the crucial first step toward recovery.
-- Instead, it supports the biggest banks. It authorizes Federal Reserve banks to provide as much as $4 trillion in emergency funding the next time Wall Street crashes. So much for “no-more-bailouts” talk. That is more than twice what the Fed pumped into markets this time around. The size of the fund makes the bribes in the Senate’s health-care bill look minuscule.
-- Oh, hold on, the Federal Reserve and Treasury Secretary can’t authorize these funds unless “there is at least a 99 percent likelihood that all funds and interest will be paid back.” Too bad the same models used to foresee the housing meltdown probably will be used to predict this likelihood as well.
- Panel OKs Duties on China Steel in Landmark Trade Case
A U.S. trade panel gave final approval Wednesday to duties ranging from about 10 to 16 percent on Chinese-made steel pipe in the biggest U.S. trade case to date against China.
- Volatility Will Increase, US Will Lead in 2010: Marc Faber
- US Online Holiday Spending Rose 5%: ComScore
- Saab Says Bid Deadline Dropped, To Resume Output
General Motors has dropped a Dec. 31 deadline for bids for its Swedish car brand Saab, which will restart some production lines in January after a shutdown, Saab said on Wednesday.
- China Vows To Cut Red Tape for Foreign Investors
- US Banks May Only Be Deferring Anger on Pay
- Govt to Give $3.5 Billion in Extra Aid to GMAC: Report
- Riskiest Lenders Were Also Fiercest Lobbyists: IMF
- Democrats Want Transport Security Post Filled Now
- New Information Shows Al Qaeda Links With Attacker
- Fox TV Chief: $1 Per Subscriber 'Reasonable'
- Soft Economy Yields Great Deals for Winter Getaways
- Target Was Victim of Hacker Albert Gonzalez
- Madoff Released From Medical Unit, Returns to Prison
- JAL Shares Tumble to Record Low on Bankruptcy Fears
- Charts: Sterling is the New Carry-Trade Currency
- Chance of a Double Dip Is 50%: Analyst
- Gartman: 3 Stocks Making Impressive Moves
- Natural Gas Price Crash Is 'Good News': Analyst
- Stay 'Fully Invested': Stock Picker
- Citi: The Can't Lose Trade of 2010?
- Cramer: 10 Stocks to Buy Your Kids in 2010
•Stocks Fall Worldwide, Led by Commodity Companies; Canadian Dollar Weakens •Russia Unbeatable for Emerging Market Funds as Kudrin Says Stocks Too High •M&A Rebound May Be Years Away as Morgan Stanley Predicts `Gentle Recovery' •Aiful Credit-Default Swaps to Be Paid Out After Lender Delays Repayments •Options Trading Rises to Record in U.S. Following 66% Advance in S&P 500 •Worst U.S. Funds of Decade Never Recovered From Technology-Stock Debacle •Illinois Leads $9.8 Billion of Municipal Bond Sales Planned for Early 2010 •Obama Says U.S. Missed `Red Flags' Before Northwest Airlines Bomb Attempt •Iran Detains 1,000 in Crackdown on Opposition Protests, Rights Group Says •Fatal Flying on Commuter Airlines No Accident in Aviator Complaints to FAA •Schapiro Whipsawed by Wall Street and Lawmakers Defers SEC Market Overhaul •PG&E Customer Revolt Over Meters May Slow Deployment of Obama's Smart Grid •Scholastic Graduates From Harry Potter to Obama's Stimulus for Sales Help •Fox Network Chief Seeks Progress in Negotiations With Time Warner Cable •China BAK Says Speculation of Google Order That Stoked Shares is Unfounded
- GMAC Financial Services will get a new $3.8 billion bailout from the Treasury, giving the government a controlling stake in the company, CNNMoney reports. FULL STORY
![]() | The latest effort by the government to auction off debt received decent enthusiasm for investors, a day after a disappointing auction for shorter-term notes. |
- Treasury Auction Sees Decent Demand for 5-Year Notes
- Credit-Card Writeoffs Increase And Could Keep Getting Worse
US credit card debts written off as uncollectable rose in November, following two months of decline, though early-stage delinquencies dropped, Moody's said.
- 'Meltdown' is Coming for Bond Market, Strategist Says
![]() | The Hardest US Cities to Find a Job |
- Home Prices Flatten in October After 5 Months of Gains
- GM Plans to Rush Pontiac, Saturn Sale: Report
- Did Tiger Woods Scandal Cost Shareholders $12 Billion?
- EBay Sees Boom in Holiday Shopping Via Mobile Devices
- US Economy Could Grow 3% in 2010: Economist
The Hardest US Cities to Find a Job - Fed Pushes for New Exit Tool to Battle Inflation
- US Still Struggling to Make Air Travel Safe
- Stocks, Dollar, Buffett & Tiger: Kass' 20 Predictions for 2010
Year-end is high season for market and economic outlooks. Douglas Kass, founder and president of Seabreeze Partners Management shared his 20 predictions for 2010 with CNBC on Monday
- System to Keep Air Travel Safe Failed: US Security Chief
- Terror Suspect's Family Sought Help From US Officials
- Amazon Shares up After Kindle Boosts E-Book Sales
- Shoppers Spent a Little More This Holiday
- Consumers May Soon Have to Pony Up for Web Content
- The Recession Begins Flooding Into the Courts
The Unhappiest States in America - White House Downplays Health Care Differences
- Patience, Please, With That Investment Plan
- UBS Case Whistleblower Seeks Prison Postponement
- Japan Factory Output Jumps, Momentum in Doubt
- Stocks offer a little holiday cheer 12/23/2009 5:14 PM ET
- Home sales, economic hope boost stocks 12/22/2009 5:10 PM ET
- Metals, health care, techs boost stocks 12/21/2009 5:15 PM ET
- Techs lead markets higher 12/18/2009 5:20 PM ET
- Dollar jumps -- and the Dow falls 133 12/17/2009 5:10 PM ET
- Rally fades after Fed leaves rates alone 12/16/2009 4:40 PM ET
The vicious cycle: http://trend-signals.blogspot.com/2009/12/greed-terror.html Turmoil in Iran Timeline http://www.cnn.com/2009/WORLD/meast/12/29/timeline.iran.turmoil/ |
- >> Obama says U.S. doing 'everything in our power' to prevent terror
- NEW: President Obama says U.S. will respond aggressively to terrorism
- Suspect allegedly tried to blow up plane as it landed in Detroit on Christmas
- Part of explosive device was sewn into suspect's underwear, official says
- Al Qaeda says it tested new explosive that got through security; threatens more attacks
President Obama warned Monday that the United States would respond aggressively to terrorism such as last week's botched attempt to blow up a U.S. airliner. FULL STORY
23 old, a banker's son: Probe of botched terror attack focuses on suspect, screening
* Prosecutors want DNA samples from suspect Umar Farouk Abdulmutallab
* Samples needed to link Abdulmutallab to device found on plane on Christmas
* Device had enough explosive power to blow a hole in plane, source says
* Abdulmutallab released from hospital after treatment for burns, held in secret location
Romulus, Michigan (CNN) -- Prosecutors want to get DNA samples from a man who is accused of plotting to blow up a flight carrying 300 passengers on Christmas Day.
The suspect, Umar Farouk Abdulmutallab, is not expected to be at a court hearing in Detroit, Michigan, on Monday.