Facebook Bigwigs Want To Be Newspaper Barons

On November 27, 2009

US Airways Adds Cash for the Next Couple Winters, Defers Airplanes

I hope our US readers had a nice Thanksgiving yesterday. Certainly the financial whizzes at US Airways (LCC) must have had a particularly satisfying meal yesterday. First they bulked up their airline with cash on Tuesday, and then they bulked up themselves with turkey.


On November 27, 2009

MBAs Need Diversity of Attitude and Approach to Thrive

In order to achieve true diversity, the Economist argues, MBAs must create classes with varieties of "attitude and approach," recruiting students with backgrounds in the creative arts, philosophy, history and political science.


On November 27, 2009

A History of US Income Tax

The first individual income tax in the United States was enacted in 1861 to finance the Civil War. In 1862, the first year these taxes were actually collected, the rate was 3% of income over $600 and an additional 2% of income over $10,000. After the war was over, the US government no [...]


On November 27, 2009

Aggressive Lending In China Catches Up With The Banks

A surge of lending by Chinese banks at the start of 2009 is coming back to haunt them. Loose Chinese lending practices, which helped fuel an unprecedented rise in asset prices on the mainland this year, is beginning to hamper the banks' capital adequacy ratios.


On November 27, 2009

Analyzing The Dubai Ports Default Chaos

This week, speculation has been running rampant that developed countries are about to default on their government bonds. Tuesday, something of a pre-Thanksgiving rally formed around credit default swaps (CDS) on government bonds of Italy, Greece, the U.K. and the U.S. But it is an oil-rich city state that has become the first perceived default casualty: Dubai.


On November 27, 2009

Federal Contracting Fraud Continues

The Federal Government has several set aside programs. One is for companies owned by disabled veterans. There have been issues with contracts going to companies who fraudulently claimed the status. New legislation is being developed to address this issue.


On November 27, 2009

A Smudged View of Newspapers’ Shrinking Circulations

While U.S. newspapers are losing subscribers at a staggering rate, a few dailies stand out because their circulation is rising. However, they aren't necessarily selling more copies. Here's why: Since April 1, new auditing rules have made it easier for newspapers to count a reader as a paying customer.


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