Rick Newman


January 2009


Better Times By Super Bowl XLIV (the one next year)

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Here’s an important new economic indicator: The Super Bowl Playboy Party.

This year’s cleavagefest got canceled, just one sad sign of the joyless times we’re living in. Sports Illustrated also canceled its Super Bowl party. NBC has discounted its prices for commercials. Even scalpers are hurting:

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TAGS:
football

How Wall Street Continues To Doom Itself

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We’ve arrived at an ah-ha moment.

Virtually everybody who butters their own bread is outraged that Wall Street, which is becoming a de facto government agency thanks to billions in bailout money, found $18.4 billion in bonuses for bankers who nearly wrecked the world’s financial system in 2008.

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TAGS:
bailout
Wall Street

Let the Wall St. "Talent" Walk

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Here’s another Wall Street bromide that needs to be retired: The need to pay lavish bonuses to retain the best talent.

Let’s define our terms here: In sports and the arts, the most talented performers are those with unrivaled raw abilities. They don’t always win or make money, but they set the ...

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Chrysler Needs Another Move, Besides Fiat

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So now we know why Chrysler executives have been insistent that Chrysler isn’t folding its tent just yet: It turns out there is another automaker interested in teaming up with Detroit’s ailing No. 3 automaker.

The recently announced partnership with Italian automaker Fiat at least proves that ...

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TAGS:
Chrysler

Why Obama Needs To Be Superman

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Barack Obama better be the unstoppable force. Because his economic plan targets some immovable objects.

I know, I know: Yes we can. Dare to Hope. Don’t succumb to business as usual. Etc. Okay, maybe Obama really will change things that haven’t changed in decades.

But for now, all he’s offering are ...

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TAGS:
Obama, Barack
economic stimulus

The 12 Most Important Cars of 2009

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It's going to be one crummy year for the auto industry. General Motors and Chrysler are struggling just to survive, and many of their competitors are losing money. Sales in 2009 are likely to be even lower than in 2008—which itself was one of the worst years in decades. Hundreds of dealers will ...

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TAGS:
car manufacturers

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