The financial crisis has produced no shortage of news media references to the Great Depression. Reuters News has a slideshow this week, for example, called “Ghosts of 1929.” All the talk of Dustbowl Okies and Folkies has spurred its share of stories comparing that era to 2008, including this Reuters story by yours truly.
Harvard historian […]
Posted on October 2nd, 2008 by
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While I had investor and blogger Paul Kedrosky’s attention today, I asked him for some practical advice for the tech investor amid all the madness. Among his pearls of wisdom:
Stay out of it until the government is done doing whatever it’s
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What’s the true mystery in the ImClone takeover saga? The final price tag.
When ImClone alluded to its “mystery bidder” on Monday, it said a large pharmaceutical company had made an offer to acquire the company for $70 per share but needed more time to conduct due diligence. ImClone said the bidder would either make a firm […]
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In the wake of Congress’s failure to pass the bailout bill on Monday, Microsoft did something it’s never done before. It lobbied over a financial bill. But was it too little too late?
My guest
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(Thanks to reader Bob, who caught the timeline errors in our first entry)
Eli Lilly shareholders must have an itchy rash on their heads. Their management is set to pay a hefty $70 per share for cancer drug maker ImClone to rival a sweetened $62 per share bid from Bristol Myers that mercurial investor Carl Icahn […]
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Google’s stock did some crazy things during the last five minutes of trading yesterday—or at least it appeared to. Depending on when you caught it, the stock price was anywhere from a penny to $500 a share. The same thing happened to Rogers an
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You know it’s an epic financial collapse when accounting rules are inciting passion. Within an hour of penning a blog post saying toxic credit shouldn’t be marked-to-market in a time when there is no market, my guest Paul Kedrosky got more tha
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From ClusterStock.com, Oct. 1, 2008:General Electric Co (GE) just announced plans to raise $15 billion, with a little help from Warren Buffett. The company is selling $12 billion of common stock to the public and $3 billion of preferred to Berkshire Hatha
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