Archive for June 5th, 2009

Friday Failures

It looks like just one Friday failure. Here is the link to the FDIC. Bank of Lincolnwood, Lincolnwood, Illinois There will be more to come.

Behind The Chrysler Negotiations: Intriguing Details

This from the WSJ is one of those kiss and tell sort of stories about the events surrounding the bankruptcy of Chrysler. It contains a lot of material that was gleaned from emails that are part of the court proceedings so it’s not rumor but the real deal. It doesn’t add a lot to anyone’s […]

Now Russia’s Promoting A New World Currency

The smackdowns of the U.S. dollar continue. This time Russian President Medvedev is pounding on the table.  Medvedev is basically echoing the rants that have come out of China about the supremacy of the dollar and proposes the same fantasy of some supra-national currency oriented around the IMF and its special drawing rights units. Until […]

The Need To Spend Stimulus Dollars Faster

The Republicans are hitting the administration hard over the 9.4% unemployment figure announced this morning and evidently the administration is taking note. Vice President Biden announced today that they would be speeding up implementation of the stimulus program. The aim is evidently to get more money out the door throughout the summer. The administration is […]

Innovation And Government Assistance

A couple of days ago Michael Mandel wrote an interesting Business Week article titled of “The Failed Promise Of Innovation In America.” It was a good article with some good thoughts and numbers.  A few bloggers picked up on it including Derek Thompson at The Atlantic. He blog post was short but to the point, […]

A Brutal Jobs Market Gets A Little Better

The economy lost 345,000 jobs in May and the unemployment rate now stands at 9.4% and a lot of people think that overall the news was good. Most expected higher losses and the March and April number of lost jobs were revised to show fewer losses. April from -539,000 to -504,000 and March from -699,000 […]