Gordon Brown advisor says City all-important - and 'rest of the country can be turned over to tourism' A report on defence spending quotes the “influential� official as telling union officials that manufacturing had “no value� but the financial sector had to be “supported at all costs�. ...

What the Obama administration needs to do is cut a deal with McNEIL-PPC, Inc. to send out to every American taxpayer their own super-size tub of KY Jelly, ’cause with the reamin’ that’s a comin’ based on last night’s Senatorial “compromise”, all us taxpayers...

I’m kind of exhausted this evening.  So I’m going to use ( borrow) Steve’s evening Roundup.  I must add that Arianna Huffington’s post is great.  There are just some people who don’t understand the environment that we are in.  Many business CEO’s don’t g...

Krugman blogged this back on January 11. A scary analogy Mark Thoma: I think the stimulus package is like driving up an icy hill. If you don’t have enough momentum from the start and fail to provide enough “stimulus� to get the car over the crest of the hill, you can slide all the way back to ...

Monday Evening News Roundup My five-year-old grandson learned today about Martin Luther King. He asked his mom to call me so that we could talk. You see, my grandson is white and I’m black. It has been the topic of a few conversations because not much gets by five-year-olds. As a grandfathe...

    Just when you've finally gotten your mind around the enormous $700 billion financial bailout - even if none of us are really sure where all that money's going - there comes an even greater, breathtaking price tag.     The amount is $904 billion - that's ho...

Loophole in bailout provision leaves enforcement in doubt.     Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation and penalizing fir...

I have to credit a buddy of mine in Chicago for bringing this one to my attention. You’ve probably heard about the workers in Chicago staging a sit in at the Republic Windows and Doors plant. Their beef is that the company is not paying the workers enough notice before closing, which is a viol...

The economy lost 533,000 jobs in November, raising the official US unemployment rate to 6.7%. When you add to that the number of people who have given up their job searches or are working part time when they would rather work full time, our real unemployment rate is probably closer to 12.5%. Over th...

Filed under: Newsletters, Citigroup Inc. (C), Stocks to Sell, Financial Crisis Many investors are calling brokers or turning to blogs and asking, "Is it time to buy the financials? Aren't they all safe now? Aren't they cheap?" The bounce started with the rescues of Citigroup (NYSE: C), so let me beg...