Archive for July, 2009

More Cash for More Clunkers

From NY Times: House Votes for $2 Billion Fund to Extend ‘Clunker’ Plan (ht Paul)

The House of Representatives voted to provide an emergency $2 billion for the “cash for clunkers” program on Friday, and the White House declared the program…

Airlines feeding frenzy on fees…

americanEarlier this week, I bought an airline ticket to Washington for a meeting next week. In the past, I’ve taken Amtrak or my new favorite, Bolt Bus, but flying — even booking just a week in advance — was actually…

Per Capita Spending and Life Expectancy Statistics

by reader Sammy

“Are Per Capita Spending and Life Expectancy Statistics an accurate measure of US Health Care Efficiency?”

Proponents of some degree of nationalization of health care generally cite some variation of the following “The US spends more per capita on…

Sad News

Good morning. Premarket futures have been volatile, showing strength earlier this morning but turning negative prior to the opening bell.

Top headlines include a better than expected GDP, earnings from Disney among others, regulators are getting tougher on banks and they don’t…

‘Boatloads of Money’ Brings Boatloads of Trouble to Yahoo’s Bartz: The D7 Video (Plus How the Deal Almost Sunk)

Kara Swisher submits:

One of the reasons Wall Street investors have gone sour on Yahoo’s stock since its online advertising and search deal with Microsoft was announced is due a much-repeated comment that CEO Carol Bartz made at the seventh D:…

Chicago manufacturing PMI

The July Chicago PMI was 43.4, about in line with expectations of 43 and up from 39.9 in June and it’s the highest level since the Sept ‘08 reading of 55.9. New Orders remained below 50 but jumped 6.4 points…

Somebody Downtown Has A Present For The Guys At Goldman

In case anybody at GS is having a rough Friday, there is a concerned individual on Craigslist who wants to help you out.

Hi. I am a receptionist in the Financial District and I totally suck at pool (happy Courtney?).…

Is Morgan Stanley’s Andy Xie A Mouthpiece For The Chinese Goverment?

china yuanOfficially, the People’s Bank of China says it won’t comment on the prediction by Morgan Stanley’s chief Asian economist that China will cut new loans in half. But we can’t be the only ones who suspect Xie’s “prediction” is actually…

Hope Now: Mortgage Loss Mitigation Statistics

Hope Now released the Q2 Mortgage Loss Mitigation Statistics today.

Most of the data concerns modifications, but here are couple of graphs on delinquencies and foreclosures.

Hope Now Delinquent Click on graph for larger image in new window.

There are now more than 3 million mortgage…

Soft Landing for Alcoa’s CEO

alcoaWhen Alain J. P. Belda, Alcoa’s (AA) Chairman of the Board of Directors and former CEO, retires on Saturday as an executive officer, he will leave after spending 40 years with the company – certainly an anomaly by modern standards.  But he’s…