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How I Came to Lose Trust in the Media
18 hours ago ago from searching and pondering
Anne Applebaum in Slate Magazine writes this: "There is no nihilism like the nihilism of a 9-year-old. "Why should I bother?" one of them recently asked me when he was presented with the usual arguments in favor of doing homework. "By the time I'm grown up, the polar ice caps will have melted and everyone will have drowned." Which prompts me to relate this tale from the dark halls of history. When I was a Sophomore in college I had the ...
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Before the bell: Futures lower ahead of data; Fed meeting in focus
13 hours ago ago from BloggingStocks
U.S. stock futures declined somewhat Tuesday morning as investors await several key economic reports and anticipate the Federal Reserve's two-day policy meeting beginning today. Meanwhile, Wells Fargo joined Citigroup and repaid its bailout fund. On Monday, Wall Street finished on a higher note after Exxon Mobil's ( XOM ) $41 billion acquisition of XTO Energy ( XTO ) boosted the mood of the market. Abu Dhabi's bailout of Dubai and ...
Related contentBig Decision Looms on Fannie, Freddie
59 minutes ago ago from Wall Street Journal
The U.S. Treasury faces a decision by year end on whether to increase its bailout of Fannie Mae and Freddie Mac beyond the $400 billion it has already committed. So far, the companies have taken $112 billion in capital infusions from the government, and most analysts believe they are unlikely to use up the full $400 billion. But some analysts say the Treasury and regulators should take precautions, in case losses run higher than expected. ...
Related contentFed is likely to maintain status quo in December meeting
9 hours ago ago from DailyFinance
The Federal Reserve is expected to maintain the current target interest rate of 0% to 0.25% when it meets Tuesday and Wednesday. We'll know for sure when the Federal Open Market Committee releases its policy statement around 2:15 p.m. on Wednesday. But with the unemployment rate at 10% and analysts predicting it will barely drop to 9.9% by the third quarter of 2010, Federal Reserve Chairman Ben Bernanke would be committing political suicide ...
Related contentOn Tap Wednesday: Fed Statement in Focus - MarketBeat - WSJ
3 hours ago ago from Wall Street Journal
By Matt Phillips Wednesday at around 2:15 p.m. ET the Federal Reserve's rate-setting committee hands down its all-important decision on interest rates. And while the widely held consensus is that no rate change is imminent, as always market watchers will be closely perusing the Federal Reserve's prose in the hopes of divining some clues about when the central bank will start trying in earn est to wean the markets off the extraordinary ...
Related contentGM to repay bailout loan early
11 hours ago ago from CNN Money
GM to repay bailout loan early By Chris Isidore, CNNMoney.com senior writer December 15, 2009: 10:37 AM ET NEW YORK (CNNMoney.com) -- General Motors will pay off a $6.7 billion federal loan by June, well ahead of the deadline for the repayment under terms of the bailout, company CEO Ed Whitacre said Tuesday. Whitacre had said a week ago that GM was looking at making an early payment. The company announced in November that it would make ...
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