January 27, 2009
From a story about Citi’s Falcon 7X jet order, which Tim Geithner has now told the company it must cancel: [Citigroup] said it has reduced its number of aircraft by two-thirds over the last eight years. [via Reuters] When you...
Idle question: Given the insolvency of the financial system; the massive interventions into the economy (past, present and future) from government; and the almost certain worse economic data ahead, the current stock market feels like it’s not tied to anything...
I posted a cranky note to Virgin’s Richard Branson from a passenger earlier, so a reader sent me this classic letter to the Times of London in 1897. It’s on railroad service. Issue 35320, pg. 10 col C The London...
My amigo Nouriel Roubini is saying that the U.S. could see 6-million job losses in 2009. Lengthy interview follows:...
As part of my ongoing Euthanasia of the Rentier Watch (tm), an update from the latest endowment data at colleges and universities. A new survey released Tuesday reports college endowments fell 3 percent in the fiscal year ending June...
Useful chart from JPMorgan showing advertising’s awful 20008/2009, by ad vertical. Only online is forecast to be up in 2009:...
From a press release today: Venture Investment in Central Ohio Grows to $172 million in 2008, Helping Fuel Growth in Area’s IT and Healthcare Sectors...
Here’s some good fun: Let’s compare what various economists and officials had to say at Davos in 2008 versus what they’re saying today, THEN: Finance Minister Aleksei Kudrin of Russia said his country, its coffers swollen by oil profits, would...
Gosh, Bloomberg is running a piece saying that some Wall Street sorts were enabling Madoff’s financial scam by winking at whatever he was up to, but not asking. They knew his strategy didn’t make sense, but it produced results, so...
Some fascinating tennis factoids as the Australian Open continues. Peak topspin rates from forehand strokes by player: Andre Agassi: 1,800 rpm Roger Federer: 2,500 rpm Rafael Nadal: 3,200 rpm [via IHT] Then again, all that topspin has consequences, as...
Check the following about Morgan Stanley’s John Mack and the blood pressure meters he has in his company’s New York offices. You just know this is going to be misread on Wall Street, with people soon installing blood pressure meters...
From Prieur de Plessis: For a bit of fun, I tried to register the domain www.aggregatorbank.com last week. Alas, another aspirant banker pipped me to the post. His reselling price? It was initially $100,000, but has since increased to more...
Fed Program That Calmed Debt Market Faces a Test (WSJ) Fed’s commercial paper program 90-days old, and set for first test (Bloomberg) Bad news: we're back to 1931. Good news: it's not 1933 yet (Telegraph) Credit control will be...
