Rick Newman


February 2009


Why It's Taking So Long To Fix the Economy

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Nobody wants to listen to Ben Bernanke - even though the Federal Reserve Chairman has been a pretty effective soothsayer.

Last fall, he famously predicted catastrophe if the government didn’t step in to help stabilize panicky financial markets. That was on the mark: Even with more than $2 trillion ...

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7 Other Stress Tests We Ought To Run

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Planning for a worst-case scenario is hardly a novel idea. But it became so unpopular for awhile that President Obama has now rechristened it a “stress test” and shaken up Wall Street as if they never heard of such a thing.

By forcing banks to simulate how they’d perform under a couple of gloomy ...

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How AIG and Citi Will Look In a Year

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At least one thing is clear about the financial meltdown: We know who the poster children are.

Lehman Brothers and Bear Stearns had their dramatic flameouts, but at this point we’ve survived their demise. Big banks like Wachovia and Washington Mutual wiped out shareholders when they failed, but the ...

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TAGS:
AIG, Inc.
Citigroup

Why Bank Nationalization Is So Scary

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Scan the headlines, and you’d think it’s a no-brainer: The government takes over the most troubled banks, whips them back into shape, then returns them to the private sector in a few years. Problem solved.

Former Federal Reserve Chairman Alan Greenspan has advocated nationalizing select banks. Famed ...

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TAGS:
Citigroup
Bank of America

10 Ways To Survive Without a Bailout

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If you haven’t qualified for a bailout by now, your chances are sinking fast. Washington has spent just about all the money it can stomach for awhile and done its best to give something to everybody. If you’re not in a line for a tax cut or housing rebate or mortgage modification or green-energy ...

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How To Tell When The Economy’s Getting Better

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The New York Stock Exchange
(Charlie Archambault for USN&WR) President Obama has finally signed the stimulus bill. He has also promised a tough new bank-rescue plan to boost lending and limit outrageous pay. Troubled homeowners may even get some relief. All told, the government could spend more ...

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What Sully Sullenberger Can Teach CEOs

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The story of US Airways Flight 1549 – the “Miracle on the Hudson” – keeps getting better. And it’s a story we really need right now.

Elsewhere, of course, the news is revolting. Wall Street moneygrubbers just rewarded themselves with $18 billion in bonuses for nearly wrecking the nation’s financial ...

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TAGS:
US Airways

Stop Hyperventilating Over Unemployment

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People: What’s the big surprise?

Yeah, the job numbers are terrible. Companies cut nearly 600,000 jobs in January. The unemployment rate jumped to 7.6 percent. The numbers are the worst since…. (Aren’t you getting tired by now of hearing that the latest economic indicator is the worst since before ...

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TAGS:
unemployment

15 Companies That Might Not Survive 2009

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Who’s next?

With consumers shutting their wallets and corporate revenues plunging, the business landscape may start to resemble a graveyard in 2009. Household names like Circuit City and Linens ‘n Things have already perished. And chances are, those bankruptcies were just an early warning sign of a ...

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How To Skirt Taxes and Still Land a Plum Job

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What a bunch of old-timers. Daschle, Killefer, Geithner, and any other Obamanauts who end up getting outmaneuvered by the tax code….. they’re a generation out of date. Their complicated lives and corresponding tax woes date to an era when what went up stayed up, and there was always a specialist ...

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How a 4-Pound Bird Wrecks a 75-Ton Plane

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As we've all learned by now, a fairly small bird can cause devastating damage to a jetliner. While it's not official, it appears that US AIrways Flight 1549 crash landed on the Hudson River on January 15 after one or both engines sucked in birds and conked out, leaving the jet without power.

[See ...

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