PostBias http://www.postbias.com Wed, 08 Sep 2010 22:12:03 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Barclays Hires Ex-CIT Chief Peek http://www.postbias.com/business-news/barclays-hires-ex-cit-chief-peek http://www.postbias.com/business-news/barclays-hires-ex-cit-chief-peek#comments Wed, 08 Sep 2010 22:12:03 +0000 Business News tag:www.postbias.com://395d4d8ff3987bf832e121ae114743ad
  Barclays Hires Ex-CIT Chief Peek

  Willis Group Hires Ex-AIG Chief

]]> Barclays Capital hired former CIT Group Chairman Jeffrey Peek as vice chairman of its investment-banking division.

  Barclays Hires Ex-CIT Chief Peek

  Willis Group Hires Ex-AIG Chief

]]> http://www.postbias.com/business-news/barclays-hires-ex-cit-chief-peek/feed 0 Britain’s emergency budget: Pick your poison http://www.postbias.com/business-news/britains-emergency-budget-pick-your-poison http://www.postbias.com/business-news/britains-emergency-budget-pick-your-poison#comments Wed, 08 Sep 2010 22:11:56 +0000 Business News tag:www.postbias.com://c309ef79e14c715b106a92420d1394d4
  Britain's emergency budget: Pick your poison

  The bleak truth about unemployment

]]> All the scenarios are painful, but some make more sense than othersFROM the outset Britain’s new coalition government has said that its main task is to tackle the yawning fiscal deficit, which hit a peacetime record of 11.1% of GDP in 2009-10. It will set out its plans in an “emergency” budget to be presented on June 22nd. The decisions made by George Osborne, the Conservative chancellor of the exchequer, working with Danny Alexander, the Liberal Democrat at the Treasury in charge of controlling spending, will be momentous, determining, perhaps, the government’s own longevity as well as Britain’s economic prospects. In practice the budget will have to take into account the compact between the Tories and Lib Dems, as well as each party’s election pledges. But in principle this is an opportunity to start afresh, sweeping aside their own commitments and plans inherited from Labour, and learning from the experience of other countries that have had to impose big clampdowns. The question is how to close the fiscal gap while protecting a still delicate economy, securing public support through a distribution of pain that is seen to be fair. …

  Britain’s emergency budget: Pick your poison

  The bleak truth about unemployment

]]> http://www.postbias.com/business-news/britains-emergency-budget-pick-your-poison/feed 0 Money from Wall Street: Cheques and imbalances http://www.postbias.com/business-news/money-from-wall-street-cheques-and-imbalances http://www.postbias.com/business-news/money-from-wall-street-cheques-and-imbalances#comments Wed, 08 Sep 2010 22:11:51 +0000 Business News tag:www.postbias.com://3dc25be8acd14310d9e4dccfad13758b
  Money from Wall Street: Cheques and imbalances

  High-speed rail in Europe: Trouble ahead

]]> Financial firms bet on Republicans to fight for their interestsTHE recession may have hurt, but re-regulation could hurt almost as much. So in the first quarter of this year the financial services, insurance and property industries spent nearly $125m on lobbying, up more than 11% from last year. The Centre for Public Integrity, a non-partisan research group, reckons the financial-services industries alone hired more than 3,000 lobbyists to influence the financial reform bill now before Congress. On June 14th came news that the Office of Congressional Ethics has launched a probe into the fund-raising activities of eight lawmakers who sit on the House Financial Services or Ways and Means Committees. They are thought to have held fund-raisers days before they voted on financial reform.The bill has passed both House and Senate, but the two versions still have to be reconciled. Lobbyists hope to water down some of the more contentious provisions, such as a requirement for banks to spin off their derivatives units. They are making their appeals to familiar faces. The senators on the conference committee, which will meld the bills, are some of the biggest recipients of contributions from the financial services, insurance, and property industries, reckons the Centre for Responsive Politics. The 12 senators in question have received over $57m from these sectors during their careers. …

  Money from Wall Street: Cheques and imbalances

  High-speed rail in Europe: Trouble ahead

]]> http://www.postbias.com/business-news/money-from-wall-street-cheques-and-imbalances/feed 0 The world economy: Joy, pain and double dips http://www.postbias.com/business-news/the-world-economy-joy-pain-and-double-dips http://www.postbias.com/business-news/the-world-economy-joy-pain-and-double-dips#comments Wed, 08 Sep 2010 22:11:38 +0000 Business News tag:www.postbias.com://c436915696aef15685c0e2e4f5a5963f
  The world economy: Joy, pain and double dips

  Long-ago German bonds are worth billions to U.S. investors — maybe

  Experts see trouble ahead for developed world

  Stocks jump after relatively upbeat US jobs data

  Making Social Security less generous isn't the answer

  China vows to boost imports, help world recovery

  Obama assails GOP, promotes new jobs program

  Dollar hits 15-year low vs yen, jumps vs euro

  Dollar just above 15-year low vs Japanese yen

  Bernanke: Recovery 'less vigorous' than expected but on track

  U.S. stocks rebound on better GDP report, Fed comments

  Obama promises new efforts to boost economy

  Fed leaders had varied views on August policy action

  Federal spending rises a record 16% in 2009, Census Bureau says

  Chief economist calls on Congress to 'finish the job of economic recovery'

  Manufacturing rebound spurs biggest stock rally in months

  Not-so-dire jobs report gives stocks a boost

  Making Social Security less generous isn't the answer

  World stocks rise on hopes that U.S. economy can avoid returning to recession

  Burgernomics: When the chips are down

  The euro-area economy: Lemon aid

  Rebalancing economies: Hair-shirt economics

  Global rebalancing: The clock ticks

  Online television: Hogging the remote

  Intellectual-property battles: Patent lather

  Schumpeter: Declining by degree

]]> Fear of renewed recession in America is overblown; so is some of the optimism in the euro areaSELDOM does the United States look at Europe with economic envy. The past few weeks, however, have been one of those rare phases. Concern about America’s stumbling recovery has been rising, just as anxieties about the euro area’s economy have faded. The dollar is the weakling among rich-world currencies (see article). But Americans should take a little heart: it is too soon to despair about their economy. And Europeans should show a little caution: it is too soon to be sure that theirs is firmly back on its feet.Some forecasters believe that America’s disappointing GDP growth in the second quarter, 2.4% at an annualised rate, could be the start of a slide towards a second recession. One worry is jobs, or the lack of them. American business created only 71,000 in July, too few to match the growth in the population of those of working age and far too few to shorten the queue of unemployed noticeably. Unemployment is stuck at 9.5%, even though corporate America is flush with cash. Companies are still unhelpfully shy of hiring, preferring to squeeze yet more output from fewer people. …

  The world economy: Joy, pain and double dips

  Long-ago German bonds are worth billions to U.S. investors — maybe

  Experts see trouble ahead for developed world

  Stocks jump after relatively upbeat US jobs data

  Making Social Security less generous isn’t the answer

  China vows to boost imports, help world recovery

  Obama assails GOP, promotes new jobs program

  Dollar hits 15-year low vs yen, jumps vs euro

  Dollar just above 15-year low vs Japanese yen

  Bernanke: Recovery ‘less vigorous’ than expected but on track

  U.S. stocks rebound on better GDP report, Fed comments

  Obama promises new efforts to boost economy

  Fed leaders had varied views on August policy action

  Federal spending rises a record 16% in 2009, Census Bureau says

  Chief economist calls on Congress to ‘finish the job of economic recovery’

  Manufacturing rebound spurs biggest stock rally in months

  Not-so-dire jobs report gives stocks a boost

  Making Social Security less generous isn’t the answer

  World stocks rise on hopes that U.S. economy can avoid returning to recession

  Burgernomics: When the chips are down

  The euro-area economy: Lemon aid

  Rebalancing economies: Hair-shirt economics

  Global rebalancing: The clock ticks

  Online television: Hogging the remote

  Intellectual-property battles: Patent lather

  Schumpeter: Declining by degree

]]> http://www.postbias.com/business-news/the-world-economy-joy-pain-and-double-dips/feed 0 H.P. Sues Its Ex-Chief in New Job http://www.postbias.com/business-news/h-p-sues-its-ex-chief-in-new-job http://www.postbias.com/business-news/h-p-sues-its-ex-chief-in-new-job#comments Wed, 08 Sep 2010 22:11:31 +0000 Business News tag:www.postbias.com://ef085a35841c2323899c6680713cd743 Thump
  H.P. Sues Its Ex-Chief in New Job

  Hewlett-Packard sues ex-CEO over new job at rival Oracle

  Hewlett-Packard sues to keep former CEO from going to Oracle

]]> The lawsuit comes a day after the former Hewlett-Packard chief executive was hired by Oracle, the database software maker.

Thump

  H.P. Sues Its Ex-Chief in New Job

  Hewlett-Packard sues ex-CEO over new job at rival Oracle

  Hewlett-Packard sues to keep former CEO from going to Oracle

]]> http://www.postbias.com/business-news/h-p-sues-its-ex-chief-in-new-job/feed 0 CNN Makes It Official: Piers Morgan Will Replace Larry King http://www.postbias.com/business-news/cnn-makes-it-official-piers-morgan-will-replace-larry-king http://www.postbias.com/business-news/cnn-makes-it-official-piers-morgan-will-replace-larry-king#comments Wed, 08 Sep 2010 22:11:23 +0000 Business News tag:www.postbias.com://c329c6cbcb30c536ebc0a7ef4a0c7221
  CNN Makes It Official: Piers Morgan Will Replace Larry King

  CNN taps Piers Morgan to fill Larry King slot

  CNN: Morgan to Succeed Larry King

]]> The British-born journalist and talent show judge will take over next January, ending speculation about one of the most prized time slots in television.

  CNN Makes It Official: Piers Morgan Will Replace Larry King

  CNN taps Piers Morgan to fill Larry King slot

  CNN: Morgan to Succeed Larry King

]]> http://www.postbias.com/business-news/cnn-makes-it-official-piers-morgan-will-replace-larry-king/feed 0 E.U. Court Bats Down Germany’s Protection of Betting Monopolies http://www.postbias.com/business-news/e-u-court-bats-down-germany%e2%80%99s-protection-of-betting-monopolies http://www.postbias.com/business-news/e-u-court-bats-down-germany%e2%80%99s-protection-of-betting-monopolies#comments Wed, 08 Sep 2010 22:11:15 +0000 Business News tag:www.postbias.com://86011ddc153b31fc77209c9e4b495b74
  E.U. Court Bats Down Germany’s Protection of Betting Monopolies

  EU ruling opens up German gambling market

]]> The highest court in the European Union ruled that German efforts to protect state-run gambling monopolies violated E.U. laws.

  E.U. Court Bats Down Germany’s Protection of Betting Monopolies

  EU ruling opens up German gambling market

]]> http://www.postbias.com/business-news/e-u-court-bats-down-germany%e2%80%99s-protection-of-betting-monopolies/feed 0 Fed: ‘Widespread signs’ economy is slowing http://www.postbias.com/business-news/fed-widespread-signs-economy-is-slowing http://www.postbias.com/business-news/fed-widespread-signs-economy-is-slowing#comments Wed, 08 Sep 2010 22:10:55 +0000 Business News tag:www.postbias.com://30234e0499b7cf8a420528ade22258bb Thump
  Fed: 'Widespread signs' economy is slowing

  Fed survey sees slower growth in Midwest, East

  Fed report shows widespread signs growth easing

]]> The economy grew at a sluggish pace through the summer months, and there are now “widespread signs” that activity is slowing, the Federal Reserve said Wednesday in its latest snapshot of regional economic conditions.
Thump
  Fed: ‘Widespread signs’ economy is slowing

  Fed survey sees slower growth in Midwest, East

  Fed report shows widespread signs growth easing

]]> http://www.postbias.com/business-news/fed-widespread-signs-economy-is-slowing/feed 0 Stocks end higher after Obama speech http://www.postbias.com/business-news/stocks-end-higher-after-obama-speech http://www.postbias.com/business-news/stocks-end-higher-after-obama-speech#comments Wed, 08 Sep 2010 22:10:01 +0000 Business News tag:www.postbias.com://5704513f34f3e9c738c2289a2ae8ac62 Thump
  Stocks end higher after Obama speech

  Stocks resume rally as European debt worries ease

  Fear over Europe's debt problem drag down stocks

  Stocks close up as European debt worries ease

  Obama to call for $100 billion business tax credit

  Stocks fall as worries about European debt return

  Obama firm: Don't extend tax breaks for wealthiest

  Stocks resume rally as European debt worries ease

  Stocks edge up, but Fed report leaves investors wary

  Obama firm: Don't extend tax breaks for wealthiest

  Boehner unveils his own plan to aid economy

  Economics focus: Bad circulation

  Stocks resume rally as European debt worries ease

]]> Stocks ended Wednesday higher as investors shifted their focus from worries about European banks to President Obama’s $350 billion jobs recovery plan.
Thump
  Stocks end higher after Obama speech

  Stocks resume rally as European debt worries ease

  Fear over Europe’s debt problem drag down stocks

  Stocks close up as European debt worries ease

  Obama to call for $100 billion business tax credit

  Stocks fall as worries about European debt return

  Obama firm: Don’t extend tax breaks for wealthiest

  Stocks resume rally as European debt worries ease

  Stocks edge up, but Fed report leaves investors wary

  Obama firm: Don’t extend tax breaks for wealthiest

  Boehner unveils his own plan to aid economy

  Economics focus: Bad circulation

  Stocks resume rally as European debt worries ease

]]> http://www.postbias.com/business-news/stocks-end-higher-after-obama-speech/feed 0 Sinn Fein chief met priest involved in ‘72 bombing http://www.postbias.com/world-news/sinn-fein-chief-met-priest-involved-in-72-bombing http://www.postbias.com/world-news/sinn-fein-chief-met-priest-involved-in-72-bombing#comments Wed, 08 Sep 2010 18:09:57 +0000 World News tag:www.postbias.com://7ef24b14cf4015964e8aebb133608caa
  Sinn Fein chief met priest involved in '72 bombing

  Sinn Fein chief says he met Catholic priest involved in 1972 bombing, didn't discuss it

]]> The senior Sinn Fein politician in Northern Ireland’s government acknowledged Wednesday that he did meet a Catholic priest responsible for a …

  Sinn Fein chief met priest involved in ‘72 bombing

  Sinn Fein chief says he met Catholic priest involved in 1972 bombing, didn’t discuss it

]]> http://www.postbias.com/world-news/sinn-fein-chief-met-priest-involved-in-72-bombing/feed 0