Frontrunning: March 9

  • Jury to hear gripping opening of Rajaratnam trial (Reuters)
  • S.E.C. Chairwoman Under Fire Over Ethics Issues (NYT)
  • Remember this rumor? OPEC sees no need to meet, supply ample: delegate (Reuters)
  • Berkshire Takes $2.25 Billion in Dividends From Burlington (Bloomberg)... triple the railroad’s payout rate prior to the February 2010 acquisition. Better to milk company than to actually use cash to hire people.
  • China Growth Plans to Slow Commodities (FT)
  • Tchenguiz brothers arrested in Kaupthing raids (Telegraph, Bloomberg)
  • As Oil Muddies Outlook, Fed Policy Less Certain (Reuters)
  • Deja vu idiocy: Europe Blinks on Bank Test: Regulators Seen Easing 'Stress' Gauge, Undercutting Effort to Restore Confidence (WSJ)
  • S&P Warns on Asian Inflation (WSJ)
  • Americans Oppose Government Shutdown, Fault Cuts in Poll (Bloomberg)... You don't say
  • Why the Eurozone Will Survive (FT)
  • A New World Financial Order: Why is China Buying EU Sovereign Bonds? (Larry McDonald)
  • Quake Hits Japan, Shaking Tokyo Buildings; Tsunami Alert Issued (Bloomberg)
  • Sovereign wealth fund assets rise to $4,000bn (FT)
  • Hopes grow for US budget extension (FT)
  • And another shocker: Birinyi Buying as Biggest Bull Market Since '55 Hits Third Year (Bloomberg)
  • McCain's pet Democrat is peddling a free lunch with a free dessert (NRO)


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