Banking on Politics

They say that if you want to find an outlaw, you hire an outlaw. This may be the thinking behind UBS’s move to put some political muscle into the chairman’s office. The bank, facing a U.S. inquisition over providing sanctuary for wealthy U.S. tax dodgers, says former Swiss Finance Minister Kaspar Villiger will succeed Peter […]

Bernanke: Mad as Hell About AIG, But Bailouts Averting ‘Disaster’

A day after the government unveiled AIG bailout no. 4, the insurance giant’s failure was a major topic of conversation during Q&A after Ben Bernanke’s testimony before the Senate Budget Committee.”I share your concern, I share your anger,”

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Valley Buzz: Obama Does Too Love YouTube, Apple Refreshes Everything, H-1B Supporters Fire Back and Jon Stewart Shakes a Fist at Twitter

Wow, I guess Barack Obama and Eric Schmidt really are tight, after all. The
White House is issued a vehement denial of yesterday’s blog-troversy that it was shunning YouTube because of privacy
concerns. White House spokesman, Nick Shapiro said, switch

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Govt. Tries to Help Consumers, for a Change

“It’s not about helping banks - it’s about helping people.” - Barack Obama, Feb. 24, 2009Seeking to put President Obama’s pledge into action, the Fed and Treasury today launched a program to help jump-start the market for consumer loans. …

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The End of ‘Irrational Exuberance,’ But Not Short-Term Bottom Picking

A day after slumping to their lowest levels since before Alan Greenspan’s infamous “irrational exuberance” comment in December 1996, stocks were struggling to rebound Tuesday.Heading into the session some traders were betting on a short-term bou

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Bad Year for Bonuses? Not for Google Execs

From paidContent.org, March 3, 2009: Bonuses on Wall Street may be getting slashed, but executives at plenty of
other big companies are still getting their year-end payouts—even if, unlike in
recent years, they aren’t quite enough to buy t

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New From Apple: Recession Macs

From All Things Digital, March 3, 2009: The rumors
were true. Well, partially true anyway. Apple was planning a sweeping
refresh of its desktops–but it was one that didn’t merit a
special-event rollout.
This morning Apple (AAPL)

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Valley Buzz: Obama Team Turning Away From Web 2.0, PCs Tanking in 2009, AMD Splits Up, and Facebook Has a Valuation Problem (Duh)

The gulf between Barack Obama and campaign BFF Eric Schmidt widens even further,
crowed the blogosphere. The White House has ditched YouTube as the platform for its weekly radio
address, after privacy advocates complained about Google’s long-ter

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