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Crush capitalism? China’s more likely to bail it out, as G-20 shows.
Which new bully will replace the U.S. as the global's preeminent financial power? China? The International Monetary Fund? The tag-team duo of France and Germany? A new tag team of the U.S. and China?
The G-20 summit in London may wind up short of specific cures for the current crisis, but in the long run...
Bank humor: ‘IMFing loaded,’ Brit paper declares.
Well, somebody is fucking loaded, and it might not be just the IMF.
Over the weekend, someone on the Financial Times (U.K.) copy desk conjured up what is surely the first headline pun about the International Monetary Fund: "IMFing loaded."
The story it bannered was that the G-20, in "one of the feelgood moments" of its...
Game on at Atlantic Yards: Ratner disputes Gehry’s pessimism. Even Gehry disputes Gehry.
There goes Bruce Ratner's latest plan to pump life into his stumbling, bumbling, Frank Gehry-designed Atlantic Yards project in Brooklyn.
Only a few days ago, the New York Times reported, in "Slow Economy Likely to Stall Atlantic Yards," that Ratner was still desperately trying to drum up tenants for the flagging project — which is...
Extremely moody: Subprime disaster to worsen; global ‘tidal wave’ of company defaults coming
Lost amid the buzz on the president's budget was a piece of extremely bad news at home and abroad, if the predictors at Moody's are correct.
Budget this, budget that. Yes, Barack Obama's budget is a historic event. But his job keeps getting tougher and tougher. From yesterday's Wall Street Journal, "Moody's: Worse to Come...
Crying in your beer: Drinking songs for the New Depression
To help you drown your sorrows, there's a mordant little item by Gregor Macdonald that's reffed by Seeking Alpha here.
The headline, "Media Take on Banking Crisis Defensive and Overly Optimistic," is a little deceiving, though the item makes a good point up at the top:ice try on the songs, but why compose titles (with...
Top 3 Daily Quotes: ‘I don’t want to work for you.’
Words to remember in today's press:
"I don't want to work for you."
— Citigroup CEO Vikram Pandit, bristling at a wise-ass comment by an investor at the annual meeting. Bloomberg
"Half of the directors I've met on corporate boards don't know anything about business. They are not going to do anything that not only gets them...
Obama as ‘socialist’? Yeah, right.
As if Barack Obama's choice of Tim Geithner and other capitalists for crucial jobs doesn't clinch it, Billy Wharton's recent rap, "Obama's No Socialist. I Should Know," does:
To repeat what Wharton, editor of The Socialist, says, Obama's no socialist. Got it?
Ayn Rand aside, Obama is no socialist. Gathering around her such acolytes Alan Greenspan...
Madoff stashed $182 million in his nonprofit foundation as tax ploy
Bernie Madoff took advantage of his nonprofit foundation to stash nearly $200 million in its "capital gains" category, his tax returns for 2007 indicate.
Tax records for the Madoff Family Foundation perused by the Voice indicate that in the past two years, it sheltered a soaring amount of funds while handing out to charities a...