Archive - Jan 20, 2009

• The pound is dead, long live the pound (Bloomberg)
• Banc of America expected to cut up to 4,000 in its capital markets group (CNBC)
• UAW's Ron Gettelfinger "Deadline may be almost unattainable" (Detroit Free Press)
• Fiat getting 35% of Chrysler, forming global alliance (

CEO of Russia in Perpetuity, Vladimir Putin, was faced Monday with the tough truth of plummeting oil prices. Oil, of course, has been the lifeblood of Russia's renaissance in recent years.

CEO of Russia in Perpetuity, Vladimir Putin, was faced Monday with the tough truth of plummeting oil prices. Oil, of course, has been the lifeblood of Russia's renaissance in recent years.

Just out: The New York Times Company Enters into Agreement with Banco Inbursa and Inmobiliaria Carso for $250 Million in Senior Unsecured Notes.

In what some might consider a minor case of about-face and an even more minor case of hypocrisy, the Oracle of Omaha is quoted by Reuters as saying the stimulus plan under consideration by the U.S.

In what some might consider a minor case of about-face and an even more minor case of hypocrisy, the Oracle of Omaha is quoted by Reuters as saying the stimulus plan under consideration by the U.S.

*POUND WEAKENS ON SPECULATION U.K. CREDIT LOSSES WILL SPREAD
*POUND FALLS TO SIX-YEAR LOW OF $1.4295 AGAINST DOLLAR

Yes, we all know median home prices are down, nobody is buying or selling anything, 30 year mortgages are the cheapest they have ever been but nobody can get one, yada yada... However, this is all for California, Nevada and Detroit, right? Wrong.