-
4 Myths About the Obama-Geithner Bailout Plan
Tweet Share on Facebook February 11, 2009 Comment (187)So far, it's an epic disappointment. Treasury Secretary Tim Geithner has pledged to harness the "full force of the U.S. government" to stabilize the financial system and set the stage for an economic recovery. The ultimate cost could be $2.5 trillion, a number so big that many Americans couldn't tell you how many zeroes it entails.
-
Why Geithner’s Graveyard Touch Might Be Healthy
Tweet Share on Facebook February 10, 2009 Comment (87)Is the Grim Reaper masquerading as Tim Geithner?
That’s the emerging storyline. After President Obama’s Treasury Secretary unveiled a new bank bailout plan that sounded more like a plan to make a plan, the stock market went into an immediate funk. Stocks started to plunge while he was still speaking. The Dow Jones Industrial Average ended the day of Geithner’s debut down 4.6 percent, the worst showing of Obama’s nascent presidency. And the press pilloried the performance:
-
Realogy Insists It Will Survive 2009
Tweet Share on Facebook February 10, 2009 Comment (63)In response to my recent story, 15 Firms That Might Not Survive 2009, Realogy had this to say:
-
What 8 Bailout CEOs Need to Explain
Tweet Share on Facebook February 9, 2009 Comment (19)Finally.
After handing out more than $350 billion to wayward companies, Congress has finally rediscovered its oversight role and summoned some of the Bailout CEOs to Washington. Let’s hope that these poobahs of finance explain why they deserve money from the “Troubled Assets Relief Program,” and how they’ll spend it in a way that benefits the American public.
-
What Sully Sullenberger Can Teach CEOs
Tweet Share on Facebook February 9, 2009 Comment (26)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 system. Many of the banks they run – which are supposed to be the lifeblood of the economy – are in a state of ruin. The politicians who claim they can fix the mess keep stumbling over their own greed and egomania.
-
One CEO Who Gets It
Tweet Share on Facebook February 6, 2009 Comment (29)The jury’s still out on whether there’s a modest CEO in the land. But there’s at least one very clever CEO: Reed Hastings of Netflix.
-
Stop Hyperventilating Over Unemployment
Tweet Share on Facebook February 6, 2009 Comment (174)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 you were born, or since Noah filled the ark? Okay then, I’ll spare you on this one.)
-
15 Companies That Might Not Survive 2009
Tweet Share on Facebook February 6, 2009 Comment (1357)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 much broader epidemic.
-
How To Skirt Taxes and Still Land a Plum Job
Tweet Share on Facebook February 4, 2009 Comment (202)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 who could ease you out of any jam. Nowadays, what goes down stays down, and those expensive specialists can no longer be billed to the corporate account.
-
Update: Bird Strikes Aren't Always Explosions
Tweet Share on Facebook February 3, 2009 Comment (102)After I posted a video of a test on a Rolls Royce Trent 900 jet engine, Jon Ostrower of the respected trade journal Flight International wrote to point out the difference between a bird-strike test and a "blade-out" test.
Rick Newman
The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman connects the dots. In addition to his writing for U.S. News, Rick is the co-author of two books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.
Read Rick's latest blog entries here.
advertisement
advertisement
Subscribe
U.S. News Weekly
An insider's guide to politics and policy, available on the iPad or as a PDF download.
