Tag Archives: Wall Street

The Real Party of Wall Street

Photo credit: media.photobucket.com By: Michael G. Franc NRO Online The Democrats’ populist assault on all things Wall Street, we are told, helps them politically regardless of the legislative outcome. Democrats, NBC Nightly News reported, “actually scheduled [Monday’s] vote knowing they would lose and they did because they see it as a political win — better [...]

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Happy Birthday to The Wall Street Journal…Founded July 8,1889

That’s right. The Wall Street Journal, that venerable business paper of record, turns the big 121 Thursday. The first edition was a four-pager published at 3:15 p.m. back on July 8, 1889. Of course, we’ve changed a lot since then. For instance: The paper cost two cents. It’s two bucks today. The word “To-Day” was [...]

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It’s Quiet Out There, Too Quiet

By: Matt Phillips A fragile calm pervades the markets Wednesday morning. But for the moment, the deterioration in the credit markets we’ve seen recently is slowing. Three month U.S. dollar Libor — that’s that key benchmark rate at which banks lend to each other — rose yet again, but not by much. The rate hit 0.53781% [...]

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Derivatives Sour Wall Street on Obama

Some say that if the language survives, there will likely be consequences in terms of Wall Street support for Democrats in the midterms and President Obama’s reelection campaign.  AP Wall Street executives say language in the Senate financial reform bill dealing with derivatives is like a horror movie slasher — repeatedly left for dead, only [...]

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As Economic Worries Worsen, White House Puts on the Glitz

By: Byron York Chief Political Correspondent At a time when the unemployment rate stands at 9.9 percent, when jobs are still being lost, when worries about the global economy are causing breathtaking volatility on Wall Street, when millions of Americans who still have jobs are worrying more than ever about the safety of their retirement [...]

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GLOBAL MARKETS: European Stocks Fall; Bailout Reassessed

By Michele Maatouk & Ishaq Siddiqi    Of DOW JONES NEWSWIRES LONDON (Dow Jones)–European stock markets were sharply lower Tuesday, along with the euro, as investors began to reassess the viability of the EUR750 billion euro zone rescue package. “Yesterday’s strong rally following the euro-zone bailout announcement has halted as questions marks over whether the [...]

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The Solid Principles Report: May 7th, 2010

The Solid Principles Report: May 7th, 2010 Could a Cyber Attack be behind the Dow dropping 1000 points on Wall Street on Thursday?  We speak to James Carlini about his article on WTC News ”Dow drops 1000 points. Cyber warfare a possibility???” We also speak to Cyber Security expert Kelvin Coleman of The Technolytics Institute about Thursday’s Dow [...]

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U.S. Stock Futures Claw Back Gains After Tumult

By STEVE GOLDSTEIN U.S. stock futures rose Friday after one of the most tumultuous sessions in history, ahead of key nonfarm payrolls data, as investors eyed Greece developments and the outcome of tight U.K. elections—and braced for further volatility. Over three hours before the start of trading, Dow Jones Industrial Average futures added 37 points. [...]

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Obama Policies Turn Political As His Polls Sag

Setting legislative priorities has been one of the chief tasks of American presidents for the past century. Sometimes, they concentrate on changing public policy. Other times, they highlight issues for political reasons, with an eye to the next election. In his first 14 months in office, Barack Obama worked to change public policy, with partial [...]

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Richard Trumka: I’m Marching Today to Make Wall Street Pay

Our message is simple: Big Banks tanked our economy and took our money when they needed a bailout. Now they’re thumbing their noses at our communities but making billions in profits. It’s time they pay up. Read Complete article at huffingtonpost.com [Editor's Commentary:  The above sound byte is one of the most ridiculous utterances I [...]

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