My friends in the corporate restructuring industry aren’t breaking out the bubbly just yet. But with one eye, they’re gazing wistfully into the distant horizon where they’re seeing the first signs of a glimmer of hope. And with the other ey…
It’s so bad, it’s almost funny. It happened Friday afternoon when no one was supposed to pay attention. In December 2010, seven regional savings banks in Spain were cobbled together into one bank. They’d been sinking into the quagmire of a collapsed housing bubble. The hope was that combining seven dead cats would somehow create one live dog.
The good old days are back. Those days during the last housing bubble when money grew on trees: home prices jumped 10.9% year over year, based on data through March 2013. The usual suspects: Phoenix soared 22.5%, San Francisco 22.2%, Las Vegas 20.6%. Y…
No one accused Apple of having violated US tax laws. The Senate hearings merely exposed how Apple is dodging income taxes by doing what multinationals do: taking advantage of handouts and loopholes that Congress hands them. Now it turns out that much o…
During their second term, Presidents become obsessed with “legacy.” One of the yardsticks to measure success is the stock market. Many people can relate to it. Retirement depends on it. It’s mentioned even on NPR several times a day. …
The last big thing was green tech – from wave-power generators to the smart grid. Hyped in the bipartisan stimulus bill, it promised gobs of…
The Dow Jones Industrial Average and the S&P 500 have been stumbling like drunken but determined sailors from all-time high to all-time high, despite an…
On paper, Apple has no reason to borrow. Last time it issued bonds was in 1996, when it flirted with bankruptcy and absolutely had to…
Some of the crown jewels of corporate America have reported declining revenues and earnings, and have lowered their forecasts, and in doing so, have unleashed…
The craziness on Wall Street, the reckless for-the-moment-only behavior that led to the Financial Crisis, is back. This time it’s Citigroup that is once again…
