Joe Shlabotnik / flickr
Feb 9 2010, 5:30PM
Disney's Great Quarter
Disney reported a healthy quarter ending January 2nd, beating forecasts. The entertainment conglomerate earned 47 cents per share, much better than the 38 cents per share expected by a poll of analysts by Thompson Reuters. Entertainment is typically an industry that suffers greatly in a recession. So how did Disney manage to defy that logic with a net income of $844 million at the end of 2009?
Finsec / flickr
Feb 9 2010, 4:45PM
Is Banking About Trust?
Today, TARP Congressional Oversight Panel Chair and Harvard Law Professor Elizabeth Warren has an op-ed in the Wall Street Journal urging Washington not to abandon the consumer financial protection agency. It's an interesting piece. I agree with some aspects and disagree with others. But I was kind of shaken right from the start, when I realized I had trouble accepting her very first assertion: that banking is based on trust.
WikimediaCommons
Feb 9 2010, 4:10PM
The Scariest Employment Graph I've Seen This Year
clevercupcakes/Flickr
Feb 9 2010, 4:00PM
Google Buzz Threatens Facebook, Gets Along with Twitter
Feb 9 2010, 3:36PM
Gains From Trade, Metropolitan Edition
It seems like this would be a win-win combination. But as far as I know, no one's even suggested it.
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824,000 Jobs Will Disappear On February 5th
Paulson Claims Russia Tried To Foment Fannie-Freddie Crisis
Big Banks Cutting Loans to Employees With "Hardship"
Wide Fallout In Failed Deal For Stuyvesant Town
AndyRob / flickr
Feb 9 2010, 3:10PM
A Private-Public Partnership Needed For Cyber Security
This morning, I attended the Internet Security Alliance's presentation of a recognition award to former Obama Administration acting cyber security chief Melissa Hathaway. During the event, she gave a speech mostly consisting of her view of the state of cyber security, and where it should go from here. Given the recent Google-China incident, I found the speech to be quite timely. One interesting theme she spoke of was the idea of a private-public partnership in tackling cyber security.
Wikipedia Commons
Feb 9 2010, 2:05PM
To Whom Does The Fed Intend To Sell Its MBS?
By the end of March, the Federal Reserve is set to end its mortgage-backed securities purchase program. This program was created to help alleviate the credit crunch for residential mortgages during the financial crisis. It has worked pretty well. Once the program ends next month the Fed will have approximately $1.25 trillion in MBS on its balance sheet. The Wall Street Journal's Real Time Economics blog reports that St. Louis Fed President James Bullard favors beginning to sell this MBS soon. My question for him would be: to whom?
Flickr Creative Commons
Feb 9 2010, 1:41PM
How Information is Actually Getting More Expensive
Every year the average American spends $1000 a year on services like cable, Internet and video games. Add another $1000 for cell phone services, writes NYT's Jenna Wortham, and "the average family is spending as much on entertainment over devices as they are on dining out or buying gasoline." Actually, $2000 a year to carry the world in your laptop and your phone could be the low end for real tech junkies.*
WikimediaCommons
Feb 9 2010, 12:25PM
Obama's Bipartisan Dream for Jobs Bill Will Fail
But really, what's the game plan here?
WikimediaCommons
Feb 9 2010, 11:40AM
The Worst Argument About the Dow I've Ever Read
The Wall Street Journal op-ed section has a lot of bad habits, but one of the worst is blaming the White House for every stock market crash. I'm serious. Every. Single. One. And adjusting for typical WSJ nonsense, this is the worst paragraphs I've read in a long time:










