Rick Newman


July 2009


Where Bailout Money Goes to Die

By |

When CIT Group, a medium-sized lender, faced the threat of bankruptcy recently, it raised an uncomfortable prospect for the officials in Washington managing the bailout of the financial system. CIT got $2.3 billion in bailout funds last year--yet it was still failing. And the government decided not ...

Read More

TAGS:
bailout

Why We Should Cheer Goldman’s Fat Profits

By |

It’s tempting to feel bitter, isn’t it? Many of us are sucking wind on account of the recession, with the awful sensation that things are going to get worse, not better. And here comes Goldman Sachs, the royalty of Wall Street, racking up a huge $3.4 billion quarterly profit and making plans to pay ...

Read More

Why GM Is Ready to Rebound

By |

It may take awhile to convince car buyers, but General Motors has emerged from bankruptcy with better prospects for a profitable future than virtually any of the automaker's critics predicted a few months ago. Here's why:

It exited bankruptcy in record time. Chrysler surprised nearly everybody by ...

Read More

11 Places With a Worse Economy Than Ours

By |

When times are tough, one thing that tends to raise the spirits is knowing that somebody else has it worse. And as wretched as the U.S. economy seems, it's not as bad as in other regions.

The International Monetary Fund's latest tally of world economic conditions forecasts a 2.6 decline in U.S.

Read More

TAGS:
economy

You Might Also Like