Former President Bill Clinton was in Denver, Colorado, stumping for his wife yesterday.
In a long, and interesting speech, he characterized what the U.S. and other industrialized nations need to do to combat global warming this way: “We just have to slow down our economy and cut back our greenhouse gas emissions ’cause we have [...]
Last month Warburg Pincus agreed to buy 16.1 million shares of MBIA at $31 per share and also received warrants to purchase an additional 8.7 million shares at $40. Today MBIA reported a loss of $18.61/share ($2.3 billion) and the stock is trading at about $12 in pre market. Warburg is known as a savvy [...]
Income rose more than spending in December as the savings rate creeped into positive territory. While spending is slowing it is still rising at a relatively healthy rate compared to last year.
One of the things I’ve been watching closely is new jobless claims. This number is a very good preditor of the job market and it has been remarkably low considering all the recession talk. Last week though claims jumped to 375,000, way above the 350,000 which is widely considered the divding line between a solid [...]
