Megite Business News: What's Happening Right Now

IMF warns of financial meltdown; Europe seeks unity

Sat, 11 Oct 2008 15:45:55 -0400

WASHINGTON/ COLOMBEY-LES-DEUX-EGLISES, France (Reuters) - The IMF warned on Saturday that the global financial system was on the brink of meltdown, while France and Germany pushed ahead with a pan-European crisis response to try to prevent the worst global downturn in decades. (Read on Source)

GM, Chrysler in merger talks: source

Sat, 11 Oct 2008 15:59:08 -0400

DETROIT/NEW YORK (Reuters) - General Motors has had talks with smaller rival Chrysler LLC about a merger that would combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to a source briefed on the matter. (Read on Source)

Highlights From the Barron’s Interview with Jeremy Grantham

Sat, 11 Oct 2008 20:05:57 GMT

A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. (Read on Source)

Ford CFO Leclair Steps Down

Sat, 11 Oct 2008 16:13:00 EDT

Ford Motor named Lewis Booth to succeed finance chief Don Leclair, who is retiring after 32 years at the auto maker. Both Ford and General Motors dismissed the idea of seeking bankruptcy protection. (Read on Source)

G-7 Leaders: We'll Tackle Crisis Together

Sat, 11 Oct 2008 14:29:00 -0400

Finance ministers from around the world tried to show they are working in a coordinated way to tackle a global financial crisis that has proved to be far more serious than anyone anticipated. (Read on Source)

Wall Street's Crisis: When All News is Bad News

Sat, 11 Oct 2008 13:40:00 EST

The U.S. markets take another major beating and, even as the feds attend to one problem, investors worry about another (Read on Source)

Summit to look at cost of financing shipments

Sat, 11 Oct 2008 16:14 EDT

The global credit crisis may be affecting the access of developing countries to financing of imports and exports, leading the WTO to convene a meeting to counter this threat to international commerce (Read on Source)

IMF to help out emerging market states

Sat, 11 Oct 2008 16:14 EDT

Dominique Strauss-Kahn announced this week that he was readying emergency procedures that allow the fund to lend rapidly to countries in crisis, arrangements used during the 1997-8 Asian financial crisis (Read on Source)

Satyam banned from offshoring work with World Bank

Sun, 12 Oct 2008 01:31:10+0530

Satyam Computer has reportedly been banned after investigators discovered spy software covertly installed on workstations inside the bank's headquarters. (Read on Source)

As Treasury mulls investing in banks, Morgan Stanley may benefit

Sat, 11 Oct 2008 14:58:00 -0500

Morgan Stanley may benefit from the U.S. Treasury's latest plan to buy equity stakes in financial institutions as the investment bank awaits a crucial $9 billion investment from Japan's Mitsubishi UFJ. (Read on Source)

White House Memo: In Final Months in Office, Bush Is Burdened but Still Confident

SHERYL GAY STOLBERG — Sat, 11 Oct 2008 05:43:44 GMT

Just as President Bush is convinced he did the right thing in Iraq, he is convinced he is doing the right thing on the economy. (Read on Source)

Asking For Discounts By Not Using A Credit Card

Alan Yu — Sat, 11 Oct 2008 19:41:16 +0000

As you may already know, every time that you use a credit card with a merchant they get hit with a transaction fee that eats into their sales margin. Sometimes you can actually use this knowledge to help yourself save money as well when it comes to small businesses. Example, mom and pop [...] (Read on Source)

Serbia Begins To Show Maturity On Kosovo Question

Sat, 11 Oct 2008 18:58:25 +0000

I can not agree with you more when you say this is good news for the balkans. It is where I am from (Macedonia) and where I plan to live the rest of my life once I move from Alaska. However, as long as the goons that were in the milosovic party during the war remain active in the party leadership of serbia today Serbia has a long way to go if it ... (Read on Source)

Germany readies its own bank bailout plan, WSJ reports

Sat, 11 Oct 2008 15:32:00 -0500

Germany reportedly is preparing its own plan to bailout the country's financial sector -- after recently saying its banks don't need such support. (Read on Source)

Buy auto stocks, but avoid Devil dog

Online — Sat, 11 Oct 2008 14:52:00 EST

Shares of Detroit's most iconic automobile companies now cost less than a morning coffee or a latte, but they're generating way more buzz. (Read on Source)

'Progress made' in Iceland talks

Sat, 11 Oct 2008 19:21:03 GMT

Significant progress has been made over frozen UK cash in failed Icelandic banks, say Treasury and Icelandic officials. (Read on Source)

Fear and Despair as Asia Markets Plunge Again

Sat, 11 Oct 2008 14:15:00 EST

Stocks in the region suffer historic losses as economic news goes from bad to worse (Read on Source)

Fannie, Freddie to Buy $40 Billion a Month of Troubled Assets

Sat, 11 Oct 2008 20:10:13 GMT

The Federal Housing Finance Agency, which placed the two companies in conservatorship on Sept. 7, directed them last month to start increasing their purchases of loans and mortgage-backed securities as the Treasury seeks to absorb underperforming and illiquid assets from financial companies. (Read on Source)

One more baller goes to Europe

Skip Sauer — 2008-10-11T15:43:00.003-04:00

Josh Childress, to Greece for $20 million over three years: "I get paid double, my role increases, I have no expenses and I move to a nice city?" Childress said. "How many guys wouldn’t do that, regardless if you’re a lawyer or a doctor?" Or an economist! This doesn't presage the end of the NBA, but it does put pressure on the collective ... (Read on Source)

YouTube: Breakfast Time

2008-10-11T18:20:43Z

YouTube: Breakfast Time Depends on your sense of humour. I found it funny anyway. (Read on Source)

G7 meeting: The five-point rescue plan

2008-10-11T16:33:46Z

3. Ensure that banks can raise capital from public as well as private sources, in sufficient amounts to re-establish confidence and permit them to continue lending to households and businesses. (Read on Source)

BlackBerry Storm Preview: What the iPhone Will Envy

Sat, 11 Oct 2008 15:20:00 EST

The BlackBerry Storm, which goes on sale next month, has one really cool, novel feature: the entire screen doubles as giant, clickable button (Read on Source)

JONES SODA CO

Sat, 11 Oct 2008 20:10:13 GMT

There's nothing average about Jones Soda. The company manufactures brightly colored beverages with wacky flavors like Fufu Berry and Blue Bubble Gum. Seasonal offerings include Turkey and Gravy for Thanksgiving ... View Full Description (Read on Source)

BUSINESS

Sat, 11 Oct 2008 18:58:25 +0000

Remember the ownership society? President George W. Bush championed the concept when he was running for re-election in 2004, envisioning a world in which every American family owned a house and a stock portfolio, and government stayed out of the way of the American Dream. (Read on Source)

India's foreign exchange reserves drop nearly $8bn

Sun, 12 Oct 2008 01:31:10+0530

India's foreign exchange reserves have dropped $7.87bn during the week ended Oct 3, on account of market interventions by the central bank to stabilise the rupee and heavy selling by foreign funds. (Read on Source)

RBI governor reassures depositors

Sun, 12 Oct 2008 01:31:10+0530

D Subbarao said Indian banks have some exposure to the distressed financial instruments, but this is very small compared with the overall size of the business. (Read on Source)

Italy to push for broader G7 membership

Sat, 11 Oct 2008 19:57:27 GMT

Reuters - Italy will push for broadening membership in the Group of Seven when it takes over leading the rich nations' club next year, Italian Economy Minister Giulio Tremonti pledged on Saturday. (Read on Source)

Sweet and sour harvest: Michigan apples in shorter supply

Online — Sat, 11 Oct 2008 14:52:00 EST

For many Metro Detroiters, nothing marks the arrival of fall more than a trip to a historic cider mill or an afternoon spent picking crisp red apples at a local orchard. (Read on Source)

Butler easily handles Campbell

Ed — Sat, 11 Oct 2008 12:45:43 PDT

Matt Kobli threw for 266 yards and three touchdowns and Ryan Hitchcock accounted for three scores to lead Butler in a 56-7 rout over Campbell on Saturday. The Bulldogs (4-1, 2-0 Pioneer Football League) jumped out to a 21-0 lead in teh first quarter after... (Read on Source)

Those Knowing History May Find It’s Time to Invest

ALEX BERENSON — Sat, 11 Oct 2008 19:29:23 GMT

Some veteran investors say that the sell-off has gone much too far and stocks are poised to rally powerfully if the downturn is less severe than feared. (Read on Source)

CAMPAIGN 2008

Sat, 11 Oct 2008 15:26:50 -0400

Barack Obama was in "governing mode," says one of his aides. In a small room next to A basketball arena at the University of Miami, Fla., the Democratic nominee had convened an emergency session of his new economic brain trust. It was a remarkable gathering for a candidate who, during the primaries, had relied largely on an obscure, baby-faced ... (Read on Source)

NUANCE COMMUNICATIONS INC

Sat, 11 Oct 2008 14:15:00 EST

Nuance Communications can help you see the subtle differences in both speech and images. The company provides speech and digital imaging software. Its speech products include speech recognition systems ... View Full Description (Read on Source)

The Art of Money Getting or, Golden Rules for Making Money #19

Angela — Sat, 11 Oct 2008 18:58:25 +0000

The Art of Money Getting or, Golden Rules for Making Money was originally published in 1880 by P. T. Barnum. Part 19 Be Charitable Of course men should be charitable, because it is a duty and a pleasure. But even as a matter of policy, if you possess no higher incentive, you will find that the liberal [...] (Read on Source)

About Financial Planning

Sat, 11 Oct 2008 12:46:43 -0600

The ongoing financial and economic storm has left many Americans feeling battered and helpless. Our actions have been guided by fear, advice from financial advisers, and our own personal finance knowledge. A sure way to gain your financial balance is to beef up your knowledge about the basics of financial planning and begin developing a ... (Read on Source)

Delaware's Plastic Engine 'Running Out of Gas'

Sat, 11 Oct 2008 14:41:24 -0400

More than a decade ago, the little state, home to Democratic vice presidential candidate Joe Biden, banked much of its economy on credit card deregulation -- hoping to attract major credit card companies by loosening the rules. (Read on Source)

Is Laser-Powered HDTV the Highest Def Yet?

Sat, 11 Oct 2008 13:40:00 EST

Help the economy: buy a sweet $7,000 HDTV. (Then charge admission) (Read on Source)

Economy, TV and the American Family

Sat, 11 Oct 2008 14:33:36 -0400

The country is facing what is perceived as the most pivotal presidential election in memory, and millions of Americans are worried about their financial futures. (Read on Source)

Blaze threatens homes, wineries in Napa Valley

Ed — Sat, 11 Oct 2008 11:31:39 PDT

Hundreds of firefighters on Saturday battled a fast-growing fire that threatened homes and wineries in California's Napa Valley. The blaze has burned about 300 acres in the rugged hills near the wine country town of St. Helena. It was about 40 percent... (Read on Source)

Retail tycoon in UK stores talks

Sat, 11 Oct 2008 18:22:28 GMT

Billionaire Sir Philip Green holds talks with officials in Iceland, which could lead to him buying several leading UK stores. (Read on Source)

Lehman Brothers

Sat, 11 Oct 2008 09:12:05 PDT

Below are the participating bidders for the Lehman Brothers auction. (Read on Source)

Wohnmobilhersteller Knaus Tabbert ist pleite

Sat, 11 Oct 2008 18:18:07 +0000

Der größte deutsche Wohnmobilhersteller, die Knaus-Tabbert-Gruppe aus dem niederbayerischen Jandelsbrunn, hat Insolvenz angemeldet. Als vorläufiger Insolvenzverwalter wurde Hder Münchner Rechtsanwalt Michael Jaffé eingesetzt. Der Jurist hat sich bereits als Nachlassverwalter der Kirch-Gruppe einen Namen gemacht. (Read on Source)

No G7 or G20 Financial Deal… Here’s Why!

Christian — Sat, 11 Oct 2008 18:18:07 +0000

Nobody wants to do a G7 or G20 deal. Here is why I think it will not happen… Fear! The same reason why banks are not lending with each other is the same reason why the Euro zone, or world cannot come to a single deal. They don’t trust each other. And if they don’t trust each [...] (Read on Source)

The Anatomy of Fear

Sat, 11 Oct 2008 14:03:00 EDT

The technology that transmits odors and fragrances digitally is still in the very early stages of development. But on Monday, Oct. 6, the whiff of fear emanating from the television was overwhelming. James Cramer, CNBC star, ex-hedge-fund manager, mascot of the 1990s tech boom and the recent bull market, was throwing up his hands. "There's always ... (Read on Source)

Open House Open Thread

Joey — 2008-10-11T18:00:08Z

Out hunting for some fourth-quarter bargains, panicked sellers, mortgage-related firesales or all of the above? We want to hear from you! Let's open a thread for a discussion of open house visits . If you're out and about in the New York City real estate market this weekend, let us know what you're seeing out there: crowd sizes, market conditions, (Read on Source)

Long-Term Consequences of Regulatory Arbitrage

Brad DeLong — 2008-10-11T08:45:15-07:00

From Justin Fox: Justin Fox : Why Treasury won't explicitly insure all bank debts: This From the FT: Officials have reviewed the nuclear option of providing an Irish-style sovereign guarantee for all US bank deposits and many or all categories of bank debt as a means of restoring banks’ access to private funds. But they fear that providing ... (Read on Source)

Chesapeake Energy Corporation Discloses CEO's Involuntary Sale of Common Stock

2008-10-11T15:00:00Z

OKLAHOMA CITY--(BUSINESS WIRE)--Chesapeake Energy Corporation (NYSE:CHK - News) today disclosed that its Chief Executive Officer, Aubrey K. McClendon, involuntarily sold substantially all of his shares of Chesapeake common stock over the past three days in order to meet margin loan calls. (Read on Source)

SWIMS Overshoes

Sat, 11 Oct 2008 17:42:30 +0000

TrendCentral: Umbrellas may come compact enough to throw in your purse or satchel, but unless you're hauling a duffle bag in lieu of a computer case, galoshes aren't exactly practical to lug with you. But for those cold, cloudy mornings when freezing rain seems imminent, you no longer have to forgo your favorite kicks for fear of plunging into a ... (Read on Source)

Wine Enthusiast Looks to Win Over a Wider Audience

Thejenn — Sat, 11 Oct 2008 09:12:17 PDT

Moving into the mainstream market can help a niche player boost its name recognition and sales. And offering a wide array of products at different price points is especially important during this uncertain economy. Wine Enthusiast, for instance, wants to make sure that if consumers stop reaching into their wallets for $1,000 wine cellars, they ... (Read on Source)

Value Investing Congress: EchoStar, Fairfax Financial, Berkshire Hathaway

Sat, 11 Oct 2008 16:00:39 +0000

Notes from Whitney Tilson and Glenn Tongues presentations on their current stock picks: EchoStar, Fairfax Financial, and Berkshire Hathaway. (Read on Source)

Brian J. O'Connor: As financial markets careen, buckle up

Online — Sat, 11 Oct 2008 11:57:00 EST

Thanks to the oncoming world-wide recession, gas is now less than $3 a gallon. Unfortunately, the panic in the stock market means you still can't afford to buy any. (Read on Source)

The Worst Tip We Have Ever Received

Carey — Sat, 11 Oct 2008 12:45:16 EDT

Yes, our pro-consumer bias has limits. For instance, when a customer service representative tries to help you, don't respond by telling them to "go back to school," or that your fourth-grade class can "spell better." Of the tens of thousands of tips you have sent us, this is one of the worst. Do not be this guy. Here's the situation: Reader ... (Read on Source)

No Words

Stephen Vita — 2008-10-11T12:42:45-04:00

No Words To Adequately Describe It __________________________________________ (Read on Source)

Get out and you may miss big rebound

Sat, 11 Oct 2008 16:41:01 GMT

Right ....... the bad has pretty much happened ........ you should have done it (got out ) about 3 months ago and waited it out... anyway … read more , once the bottom is found .(SOON) ..... it's head'n the other direction !!!!!!!!!!!! I love how these experts help you lose Huge chunks of your retirement because they are afraid to do like ... (Read on Source)

Chrysler Financial and Habitat for Humanity of Oakland County Celebrate Completion of the First Affordable Eco-Friendly Habitat Home in Southeast Michigan

LLC. — 2008-10-11T16:41:00+00:00

Chrysler Financial and Habitat for Humanity of Oakland County Celebrate Completion of the First Affordable Eco-Friendly Habitat Home in Southeast Michigan (Read on Source)

Market woes sink Select Comfort

Sat, 11 Oct 2008 16:40:31 GMT

The company's stock is at less than $1 a share as consumers cut spending and financiers tighten lending. (Read on Source)

Jörg Haider dead

David Weman — Sat, 11 Oct 2008 14:21:43 +0000

Jörg Haider has died in a car accident. This will make a christian democrat+far right coalition even more unlikely. Can his party survive him? I suppose some people might be reluctant to vote for the more overtly nasty Strache, and I don’t imagine the government parties getting more votes next time. Still, probably not. (Read on Source)

Quote of the Day

Noah Rosenblatt — 2008-10-11T16:27:57Z

"This is worse than a divorce. I've lost half my net worth, and I still have a wife." - says one shell-shocked trader via NY Post's " Chaos Caps Dow Nightmare Week " *courtesy WSJ.com That quote says it all as the Dow experiences its worst week ever in its 112 year history of trading. Readers of some macro economic blogs ( Calculated Risk , ... (Read on Source)

FREAKY FRIDAY AS STOCKS GO ZIGZAGGING

2008-10-11T16:27:57Z

When a frenzied day of trading ended yesterday, the Dow had suffered its worst week ever - leaving global markets in a panicked state of uncertainty. The Dow Jones industrial average closed down 128 points at 8,451.19 - a dizzying 18 percent drop since Monday - after it changed direction some 16 times in the last hour of trading. (Read on Source)

Hank Paulson's Two Choices Explained

Ken Houghton — 2008-10-11T12:16:00.003-04:00

Right now, Hank Paulson has two choices. or Right now, he claims to be pushing toward the second, but isn't getting out of the cab. (Read on Source)

Keeping In Touch with Remote Collaboration Tools

Rachel — Sat, 11 Oct 2008 09:12:05 PDT

Anthony Williams talks about, "Ever since my wife and I started our custom software development business, we've been making use of remote collaboration facilities such as VNC and Webex in order to give demonstrations to clients without having to visit their site, or have them come to us, as I described in my blog entry on Demonstrating ... (Read on Source)

4 Ways to Wring Opportunity from the Chaos

Mike Sheridan — Sat, 11 Oct 2008 16:00:39 +0000

The economy is changing in dramatic and unexpected ways, and many of us are having a difficult time deciding how to react. Should we adopt a bunker mentality, or keep plugging ahead as if little has changed? The fact is that entrepreneurs are well-suited to respond to the chaos, perhaps even to use it to [...] (Read on Source)

Debating the Merits of Merit Pay

Sat, 11 Oct 2008 16:00:39 +0000

The size of an across-the-board raise can reliably send shivers down a faculty’s collective spine, especially in times of budget stress. When merit enters the picture, however, alliances can break apart and areas of agreement (that many professors feel underpaid) can suddenly become points of contention. (Read on Source)

Alaska Inquiry Concludes Palin Abused Powers

Sat, 11 Oct 2008 16:00:39 +0000

Formatting: Use the buttons below to apply basic HTML styles. Or use these tags directly:

(Read on Source)

Either the world is going to end or the market is going to recover. If it’s the end of the world, I’m going out fully invested :)

MFJ — Sat, 11 Oct 2008 14:46:59 +0000
I wish I knew the origin of this quote in the title - I heard it from someone the other day and couldn’t find the source but I think it pretty much sums up my investing philosophy right now. I have not changed anything other than maybe scrounging up any extra cash I come [...] (Read on Source)

VC dean Alan Patricof warns against panic, urges entrepreneurs to seize the day

2008-10-11T08:41:24-07:00
Alan Patricof, founder and managing director of New York venture capital firm Greycroft Partners LLC and an éminence gris of the U.S. financial community, sent us a statement today urging restraint in how bloggers and members of the media characterize the "contagion" roiling global markets. (Read on Source)

Doug Noland is hopeful

Noreply — Sat, 11 Oct 2008 14:07:00 +0000
Doug Noland of Prudent Bear, author of the long-running Credit Bubble Bulletin weekly commentary that has foretold of the events now unfolding for many years, reflects on the future of the world and his four-month old child while Hoping There's Hope . This is the first all-encompassing global dislocation of contemporary finance, impacting ... (Read on Source)

Curbed Marketplace: Weekend Open House Roundup

Monica — 2008-10-11T15:00:00Z
Feel like taking a stroll? Curbed Marketplace has just the route. Here's a rundown of the weekend's best spots, as featured in our open house calendar : Saturday 1) 249 E. 118th Street , 2BR, 2BA, 914 sq ft, $714K [Warburg] 2) 2155 Daly Avenue , 2BR, 1BA, 763 sq ft, $260K [JillianInc] Sunday 1) 249 E. 118th Street , 2BR, 2BA, 914 sq ft, $714K [ ... (Read on Source)

5 Problems With Mutual Funds That You Should Know About

Streetread — 2008-10-11T15:31:55-05:00
First, let me start off by saying that there are several advantages of investing in mutual funds and I do use mutual funds in my portfolios. However, there are several disadvantages of investing in mutual funds that may not be obvious to new investors. In this article, I’ll review some of the problems with mutual funds that I have discovered ... (Read on Source)

Gallery: Build tables of contents in Word

Theresa Fowler-Child — Sat, 11 Oct 2008 14:47:11 GMT
Test Bed The PCW Labs blog, PCW Inter@ctive A reader blog from PCW. Your views, your comments, your say, Windows Watch Keeping an eye on the latest XP % Vista news (Read on Source)

Bits Bucket For

Ben Jones — Sat, 11 Oct 2008 14:38:07 +0000
Please visit the HBB Forum. Post off-topic ideas, links and Craigslist finds here. (Read on Source)

True Seating Concepts Tri-Tone Leather Chair $130 at Staples.com

Sat, 11 Oct 2008 13:07:00 -0700
Staples.com has the True Seating Concepts Tri-Tone Brown Leather Manager's Chair for $130 with free shipping. Features a built-in pronounced lumbar support, include adjustable seat height and tilt tension and 2-year warranty. [ BizRate ] (Read on Source)

Best Line That I've Heard in a While

Don Boudreaux — 2008-10-11T10:22:53-04:00
"If I believed that Bill Clinton really 'felt my pain,' I would have picked up a ball-peen hammer and banged it against my head violently." -- Economist Dwight Lee , lecturing today at the annual Public Choice Outreach Seminar . (Read on Source)

World Powers Meet To Combat Credit Crisis

Sat, 11 Oct 2008 10:14:00 -0400
President Bush was short of specifics in his brief statement after Saturday morning's meeting. Will the meeting itself be enough to calm the worldwide markets after the weekend, or will the finance ministers have to offer a concrete plan to stabilize the world's financial systems? (Read on Source)

Was ICICI informed of any asset liability mismatch?

Editor — Sat, 11 Oct 2008 12:09:44 GMT
The need for a financial institution like ICICI Bank to raise high-cost funds has put the spotlight on whether the asset-liability committee of the RBI had informed the bank about an impending mismatch. (Read on Source)

U.S. Economic Preview: October 13-17

Sat, 11 Oct 2008 14:00 GMT
The outlook is turning darker. (Read on Source)

On Term Limits

Don Boudreaux — 2008-10-11T09:44:09-04:00
In yesterday's USA Today , Howie Rich explains the benefits of term limits on politicians . (Read on Source)

Morici: US Trade Deficit at $59.1 billion in August; Job losses mount

Stormy — 2008-10-11T09:39:00.002-04:00
Professor Peter Morici points to the U.S. trade deficit as an enormous drag on the U.S. economy: Simply, money spent on Middle East oil, Chinese televisions and coffee markers, Japanese and Korean cars can’t be spent on U.S. made goods and services, unless offset by a comparable amount of exports. Since U.S. imports exceed exports by about ... (Read on Source)

More Ignored Warnings About Bad Mortgages

Barry Ritholtz — Sat, 11 Oct 2008 06:30:00 PDT
Looking for a fall guy for the housing crisis? Businessweek looks into the idea of "Federal preemption" as a yet another candidate. BW defines Preemption as a "legal doctrine that can be invoked in court and at the rulemaking table to assert that, when federal and state authority over business conflict, the feds prevail—even if it means little ... (Read on Source)

Meetup: Housepricecrash meetup group

2008-10-11T13:25:11Z
meetup: Housepricecrash meetup group Meetup group to organise titan's meetups and to allow members to contact each other independently. You only need to add an e-mail address and username. Clearly, if you want privacy, get a spoof e-mail address. (Read on Source)

Head and Shoulders chart pattern for 2008-10-10

History — 2008-10-11T17:52:08Z
Head and Shoulders chart found for the following stocks: Accelr8 Tech Corp ( AXK ) over a 7 day period with about a 85% match. Nuvasive Inc ( NUVA ) over a 90 day period with about a 85% match. NASDAQ Declining Issues ( $NSDD ) over a 7 day period with about a 85% match. ELEMENTS Linked to the Canadian Dollar CAD/USD Exchange Rate ETF ( CUD ) ... (Read on Source)

Jon Macey on Uncle Sam's Interventions

Don Boudreaux — 2008-10-11T09:22:34-04:00
Yale Law School's Jonathan Macey explains clearly, in today's Wall Street Journal , that George Bush's, Congress's, and the SEC's recent interventions into today's panicky market are making this panic not only more intense but justified. Here's an important passage: Of course, market manipulation does exist, but federal regulators deserve much ... (Read on Source)

Blog cafe : Recapitalise banks

Editor — Sat, 11 Oct 2008 12:09:44 GMT
The question for the moment is, How can we get capital back into the financial system? Ideally, it would be great if more Warren Buffetts would step up to the plate and recapitalize financial firms with private money. (Read on Source)

Buy Or Be Stabbed

Carey — Sat, 11 Oct 2008 09:15:08 EDT
The global economy is crashing, credit markets are playing ice age, and you consumers have a simple choice: buy things now or prepare to be stabbed next year. Because we didn't already have enough to worry about this week, the New York Times took a moment to remind us that recessions and crime go hand-in-hand. Consider: 1970s : New York almost ... (Read on Source)

Axon race: HCL gets a free run as Infy pulls out

Sat, 11 Oct 2008 19:30:00 GMT
Infosys had bid at 600 pence a share for the UK company. Infosys will get the one per cent inducement fee that Axon has to pay to the party unable to close the deal. (Read on Source)

India can weather financial storm: FM

Sat, 11 Oct 2008 19:30:00 GMT
Referring to the current global meltdown, Chidambaram said, "There is a storm blowing in the world. We did not not create the storm. We are facing the spillover effects or the ripple effects of the storm. "The weekend is a good time for people to reflect. Firstly, those who have money. . . there have been wage increases for the government servants, (Read on Source)

Worst. Week. Ever.

Barry Ritholtz — Sat, 11 Oct 2008 05:53:16 PDT
Well, if you were long, anyway. Those of you who were defensive, or in cash, or God-love-ya, short, had a pretty good week. (Feel free to hit the wish list anytime and buy yourself something nice!) This is a headline you probably have never seen before: > > I don't know if you will ever see more astonishing data for another 20 years: (Read on Source)

Fifty Ways to Save Money Online

Streetread — 2008-10-11T15:27:43-05:00
It was a simple formula that led to my reputation as a money-saving connoisseur. I was at university, and the equation went like this: lots of time, plus little cash, multiplied by a desire to have a good time equalled the discovery of hundreds of ways to save money online. ... (Read on Source)

Five Ways to Flub a Job Interview

Streetread — 2008-10-11T15:24:38-05:00
We spend so much of our careers doing good work, meeting interesting people, and learning new skills. But it really all starts with one moment: the interview. Once you get there, you need to be able to package everything together for a nice, neat presentation that's memorable in exactly the right way. Here are five mistakes a lot of people make -- (Read on Source)

Time to Stop Digging

Pk — Sat, 11 Oct 2008 13:22:34 PDT
Good column from Steve Pearlstein in the weekend Washington Post. He argues that stop-gaps are now making things worse in the financial crisis, and we need to focus on the things that matter, as opposed to bailing out the bank du jour, or propping up every financial institution that comes looking for money. What things matter? A CDS clearinghouse, (Read on Source)

Mastek total income up 24% YoY at Rs 262cr

Sat, 11 Oct 2008 16:57:02 GMT
Mastek JulySept 2008 quarter Total Income up 24% yearonyear at Rs 262 cr PAT for quarter up 63% yearonyear at Rs 41 cr, (Read on Source)

Norms to get tighter for clinical research

Editor — Sat, 11 Oct 2008 12:09:44 GMT
DCGI is drawing up plans to regulate clinical research organisations (CROs) and has set up a team to look into the issue, the regulator's chief said. (Read on Source)

Column : Bubble in our backyard

Editor — Sat, 11 Oct 2008 12:09:44 GMT
Indian banks, mutual funds and other intermediaries have large exposures to residential and commercial real estate and there is a significant risk of their facing liquidity and solvency stresses similar to those faced by global banks (Read on Source)

Don't Buy Into These 3 Investment Myths

Sat, 11 Oct 2008 08:00:38 EDT
I devote a good portion of each day to deciding which part of Peninsula de Nicoya I should build my beach bungalow on. How many hours a day I'll spend out in the surf trying to ride the waves versus how many hours I'll spend sitting at the bar, pretending I can. (Read on Source)

For many, it's going to be a bad Diwali

Sat, 11 Oct 2008 19:30:00 GMT
A large number of investors are intently watching the giant television screen outside the BSE building on Dalal Street [Get Quote], hoping against hope that the benchmark Sensex would turn northwards. (Read on Source)

In Memory of Munchkin

Sat, 11 Oct 2008 19:18:07 GMT
Munchin was a Chihuahua/Small Rat Terrier mix. He lived to be 13+ years old and is recently deceased. (Read on Source)

Is there any scenario for a break-up of the Euro zone?

Tyler Cowen — 2008-10-11T15:18:00-04:00
Let's say a Eurozone country faces a bank failure and the debt of the failing bank is very large relative to that country's gdp. This could happen in many countries. The fiscal authority of that country cannot do the bailout... (Read on Source)

Hedge Funds Face a Cloudy Future

Sat, 11 Oct 2008 11:45 GMT
The era of cheap leverage is over. Next comes tighter regulation. (Read on Source)

How Important is Your Debt to Income Ratio?

Sat, 11 Oct 2008 11:45 GMT
We are under constant media barrage about checking our credit report and we all know it’s important to have a high credit score. With the new legislation, it’s possible that a great credit score will be more important than ever. But does the average Joe really understand what goes into the calculating of a credit score? I know I didn’t ... (Read on Source)

Medical Billing Software

Sat, 11 Oct 2008 14:00:02 CDT
Medical billing software can be used for a small office, group practice, or as third party billing, including a variety of features that make billing for several different companies easy and efficient. (Read on Source)

Cheap Glucosamine

Sat, 11 Oct 2008 14:00:02 CDT
Cheap glucosamine is widely available through many companies online and locally, but cost doesn't always determine quality. (Read on Source)

How Things Went from Bad to Worse

Sat, 11 Oct 2008 11:30 GMT
Mark Z. gives a nice summary of how we got here in this podcast (sub required, for now). If you prefer reading to listening, Mark also lays it out as part of his latest monthly U.S. Macro: (Read on Source)