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HEDGEHOGS RAVAGED BY BEARS

Posted by Gilmour Poincaree on January 29, 2009

Feb. 2, 2009

by Barton Biggs

PUBLISHED BY ‘NEWSWEEK’ (USA)

BARTON BIGGS

The equity markets of the world have many afflictions, but one of the most debilitating is the plague being experienced by the hedgehogs (a.k.a. hedge funds). Bright, young, bushy-tailed hedgehogs are dying right and left, and fatter, older, more experienced members of the species are starving and sickly. The irony is that hedge funds didn’t do all that badly last year. The Hennessee Hedge Fund Index was off 19.2 percent, although the average fund lost more like 25 to 27 percent. By contrast, the S&P 500 fell 37 percent, the MSCI All County World Index was down 42 percent and the MSCI Emerging Markets Index fell 53 percent. Still, hedge funds failed to do what they promise: to protect their clients’ assets in a bear market.

We live in extravagant times. In January 2008 there were about 8,000 hedge funds worldwide running about $2 trillion of investor money. As the dust settles, the best guess is that about 2,000 hedge funds have gone out of business and another 2,000 will disappear in the next year. Ravaged by killer bear markets as well as a deluge of redemptions, the total capital run by hedge funds today is now about $1.2 trillion, according to Hennessee.

In the good old days, hedge funds were the most active investors; their $2 trillion was leveraged up to $8 trillion—the size of the U.S. equity market today. Things have changed. At a conference in London last week, Morgan Stanley said that at the beginning of 2008,65 to 70 percent of its institutional equity business in Europe was from hedge funds and only 30 percent was from traditional investment management firms. Now, the percentages are reversed. At this same conference, one of the largest funds of hedge funds in the world said that the net long positions of the 135 hedge funds in its portfolio was now 10 percent (i.e., only 10 percent of the fund’s capital was exposed to the market), and that the funds were less leveraged than ever.

The plague is likely to continue. The three classes of investors that dominate hedge-fund money are the fund of funds (FOFs), institutional investors (endowments, foundations, pension funds) and wealthy individuals. All three categories are scared to death, experiencing unprecedented liquidity squeezes, and deeply concerned about not the return on their money but the return of their money.

The FOFs, which now account, according to Hennessee, for 32 percent of hedge-rand assets, had in the past decade been the biggest winners in the entire investment-management business, with their assets growing 25 percent a year. Now suddenly they are suffering an epidemic of redemptions. A year ago they were 40 percent of assets. Fjven before the Madoff affair, their clients were questioning whether the extra fees they pay were worth it, since they were not being protected from losses. The Madoff Ponzi scheme and the FOFs’ involvement with Madoff was a brutal blow. In addition, many FOFs had leveraged up their portfolios to maximize their returns for competitive reasons. Instead they maximized their losses. The big institutional investors are also having a horrendous time. Many of them switched from a highly liquid asset-allocation strategy of stocks, bonds and cash to the so-called Endowment Model, which trivialized bonds, minimized listed equities and maximized so-called alternative assets (hedge funds, private equity, real estate and oil and gas partnerships). The managers of all these asset classes charge very high fees and rely on large amounts of debt to leverage up returns. Now, the debt money is simply not available. Meanwhile, global economic weakness is ravaging private equity, with real estate close behind. Many big institutions have been using the gains in their endowment portfolios for the funding of current operations. They are now faced with either sharply cutting operating budgets or selling investment assets. Charitable organizations and educational institutions are hurting big time. Harvard (one that has funded a major part of its operating budget from its endowment) has been dumping its private-equity stakes at 50 to 80 percent discounts, and recently raised money by issuing bonds. Pension funds, too, need cash. There is a desperate scramble for liquidity, which may force institutional investors to redeem from their large hedge-fund stakes.

As for individuals, they are just plain terrified from the wealth destruction they have suffered in the past year.

Does all this spell another horrendous year for the stock markets as a tsunami of forced selling overwhelms the great valuations that exist in many blue-chip stocks? Not necessarily, although it is a risk to bear in mind. I’m bullish because I’m a value investor. Stocks are dirt cheap, and I think that at some point this year we’re going to have a massive rally. But whatever happens to stock markets, the hedge-fund industry in the future will be much smaller, far less leveraged and have considerably lower fees. Hedge-fund and private-equity managers have been among the most overcompensat-ed executives in the history of the world. The golden years are over and gone, and I must admit the world will not be diminished by their passing.

(*) – BIGGS is a managing partner of’Traxis Partners hedge fund in New York.

PUBLISHED BY ‘NEWSWEEK’ (USA)

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Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

SAN MIGUEL CORP. SELLS BEER ASSETS TO DOMESTIC BREWERY SUBSIDIARY – SAN MIGUEL CORP. (SMC) ANNOUNCED IT WOULD SHED ITS ASSETS IN THE BEER BUSINESS (Philippines)

Posted by Gilmour Poincaree on January 28, 2009

Thursday, January 29, 2009

by Chino S. Leyco – Reporter

PUBLISHED BY ‘THE MANILA TIMES’ (Philippines)

AFTER creating two new wholly owned subsidiaries, Southeast Asia’s largest food and beverage firm said on Wednesday that it is selling those units to San Miguel Brewery Inc. (SMB).

In its disclosure to the Philippine Stock Exchange, SMC said its board has approved the sale of domestic beer brands, related intellectual property rights and “know-how” to SMB for P32 billion.


The SMC board also told the local bourse that the land used in the beer operations would be sold to SMB for P6.8 billion. Another parcel would be sold to SMB Retirement Plan for P239 million.

Last year, SMC formed Brewery Properties Inc. and Iconic Beverages Inc. as part of its restructuring program. Earlier this month, Kirin Holdings Co. Ltd. said it entered into exclusive negotiations with SMC to buy a 43.25-percent stake in SMB. Kirin held 27 percent of SMC at end-December last year.

With its looming investment in SMB, Kirin said this will significantly contribute to the further growth of its alcohol business in Asia and Oceania.

SMB produces beer at five manufacturing facilities in the Philippines for sale in the local market.

Last year, SMC offered 5.75 percent of its shares in its domestic brewing business in an initial public offering. In the first nine months last year, the conglomerate’s profit rose on the back of non-recurring gains from SMB’s maiden share sale.

For the same nine-month period, SMB posted a 10-percent growth in revenues to P35.2 billion, resulting in a net income improvement of 23 percent to P7 billion year-on-year.

Besides carving out its beer operations, SMC has acquired a substantial stake in the Philippines’ largest electricity distributor, Manila Electric Co. (Meralco). The conglomerate also forged an option agreement with the Ashmore Group of UK for a 50.1 percent stake in Petron Corp. Besides the power sector, SMC is also eyeing the telecom industry, by signing a joint venture with Qatar Telecom QSC for a possible foray in to wireless broadband and mobile telecoms.

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE MANILA TIMES’ (Philippines)

Posted in ALCOHOLIC BEVERAGES, COMMERCE, COMMODITIES MARKET, COMMUNICATION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FOOD PRODUCTION (human), INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PHILIPPINES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

STATE FARM TO STOP PROVIDING PROPERTY INSURANCE (USA)

Posted by Gilmour Poincaree on January 28, 2009

January 27, 2009

by Russel Ray – The Tampa Tribune

PUBLISHED BY ‘THE TAMPA BAY ONLINE’ (USA)

State Farm, the STATE FARM INSURANCEsecond-largest property insurer in Florida, said today that it will stop providing property insurance statewide, a move that would affect more than 1 million policyholders.

State Farm’s plan to drop policyholders was submitted to the Office of Insurance Regulation, which has 90 days to review the proposal.

“Nothing will happen until that review is complete,” said State Farm spokesman Chris Neal.

The plan calls for dropping policyholders over a two-year period beginning in November. State Farm has nearly 100,000 homeowner policies in Hillsborough and Pinellas counties.

The move comes two weeks after Florida Insurance Commissioner Kevin McCarty rejected State Farm’s request to raise rates 47 percent on average statewide.

State Farm said operating costs have risen along with the number of claims. What’s more, the insurer said state-mandated discounts for homeowners who strengthen their homes against hurricanes have slashed the company’s revenues.

“This is not an action we wanted to take, but one we must take given the realities of the Florida property insurance market,” Jim Thompson, president of State Farm Florida, said in a statement. “We regret the impact this will have on our customers, employees and agents in Florida.”

Kevin McCarty

The move comes after Florida Insurance Commissioner Kevin McCarty recently rejected State Farm’s request to raise rates 47 percent on average statewide.

The cancellation of more than 1 million policies could deepen Florida’s insurance crisis and is sure to increase the policy count at state-run Citizens Property Insurance Corp., the state’s so-called insurer of last resort and the largest property insurer in the state.

“We have been hearing for months of possible plans to make such a move in Florida,” McCarty said in a statement. “I will do everything within my power to protect Florida consumers from unnecessary destabilization of the insurance market that this might cause.”

Reporter Russell Ray can be reached at (813) 259-7870

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE TAMPA BAY ONLINE’ (USA)

Posted in BANKING SYSTEM - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIES - USA, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, REAL ESTATE INDUSTRIES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

FUGITIVE INVESTOR (ARTHUR NADEL) TURNS HIMSELF IN

Posted by Gilmour Poincaree on January 28, 2009

January 28, 2009

by Elaine Silvestrini – News Channel 8 reporter Krista Klaus contributed to this report

PUBLISHED BY ‘THE TAMPA BAY ONLINE’ (USA)

TAMPA – Arthur Nadel, the hedge fund manager from Sarasota who disappeared recently, turned himself in Tuesday, an FBI spokesman said.

Before disappearing, Nadel wrote to his wife, instructing her to take money out of credit and other accounts before the authorities blocked access, a criminal complaint states.

The funds Nadel controlled were nearly empty, but Nadel had homes in Sarasota and North Carolina and owned 500 acres of a development in North Carolina and three private planes, the complaint states.

Nadel, 76, surrendered at 9:45 a.m. at the Tampa field office, FBI spokesman Dave Couvertier said. Two lawyers, Barry Cohen and his partner, Todd Foster, were with him.

Nadel appeared in court Tuesday afternoon with shackles on his hands and feet. Several family members, including his wife, sat in the courtroom spectator section but declined to talk to reporters.

Cohen told U.S. Magistrate Mark Pizzo that Nadel is “suffering some emotional problems” and has been “visiting with a psychiatrist the past week.” Nadel wanted to check himself in to a hospital but turned himself in at the insistence of the U.S. attorney’s office, Cohen said.

Cohen didn’t say where Nadel has been the past 13 days but told Pizzo his client “came back when he was notified of a warrant.”

Nadel initially will be prosecuted in the Southern District of New York, said Couvertier, who said the Tampa and New York offices of the FBI are working together. He said Nadel has victims around the world.

A federal criminal complaint out of New York charges Nadel with securities and wire fraud. Each charge carries a maximum sentence of 20 years, along with financial penalties.

Nadel is accused of misleading investors by exaggerating the level of money in his investment funds and by inflating their investment returns, according to the U.S. attorney’s office complaint and a similar civil court complaint filed by the Securities and Exchange Commission.

Investigators also allege that Nadel transferred millions of dollars of investors’ money to bank accounts he controlled.

A court-appointed receiver overseeing Nadel’s investment companies says in a court filing that Nadel’s “scheme” dates at least to 2003.

Nadel’s family reported him missing Jan. 14.

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE TAMPA BAY ONLINE’ (USA)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FINANCIAL SERVICES INDUSTRIES, FRAUD, HOUSING CRISIS - USA, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

PETROBRAS QUER CONSTRUIR USINA DE ÁLCOOL NA COLÔMBIA (Brazil)

Posted by Gilmour Poincaree on January 27, 2009

26/01/2009 17:37

FolhaNews

PUBLISHED BY ‘CORREIO BRAZILIENSE’

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PUBLISHED BY ‘CORREIO BRAZILIENSE’

Posted in BANKING SYSTEMS, BRASIL, COLOMBIA, COMMERCE, COMMODITIES MARKET, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY INDUSTRIES, ETANOL, ETHANOL, EXPANSÃO ECONÔMICA, EXPANSÃO INDUSTRIAL, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FLUXO DE CAPITAIS, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, POLÍTICA EXTERNA - BRASIL, RECESSION, REFINERIES - PETROL/BIOFUELS, REGULATIONS AND BUSINESS TRANSPARENCY, RELAÇÕES DIPLOMÁTICAS - BRASIL, RELAÇÕES INTERNACIONAIS - BRASIL, THE FLOW OF INVESTMENTS | Leave a Comment »

PETROBRAS TERÁ US$ 10 BILHÕES DO BNDES EM 2010 (Brazil)

Posted by Gilmour Poincaree on January 27, 2009

26/01/2009 11:41

FolhaNews

PUBLISHED BY ‘CORREIO BRAZILIENSE’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘CORREIO BRAZILIENSE’

Posted in A QUESTÃO ENERGÉTICA, BANKING SYSTEMS, BNDES, BRASIL, COMMERCE, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ENERGY INDUSTRIES, EXPANSÃO ECONÔMICA, EXPANSÃO INDUSTRIAL, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FLUXO DE CAPITAIS, GÁS NATURAL, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PETRÓLEO, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »

BNDES APROVA FINANCIAMENTO QUE VAI GERAR MAIS DE 3 MIL EMPREGOS DIRETOS (Brazil)

Posted by Gilmour Poincaree on January 27, 2009

26/01/2009 19:57

Agência Brasil

PUBLISHED BY ‘CORREIO BRAZILIENSE’

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PUBLISHED BY ‘CORREIO BRAZILIENSE’

Posted in BANKING SYSTEMS, BNDES, BRASIL, CIDADANIA, COMBATE À DESIGUALDADE E À EXCLUSÃO - BRASIL, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO ECONÔMICA, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FLUXO DE CAPITAIS, INSTITUIÇÕES DE FOMENTO NACIONAL, INTERNATIONAL, O PODER EXECUTIVO FEDERAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »

AMERICAN EXPRESS ANUNCIA QUEDA NOS LUCROS E PROBLEMAS SE AGRAVAM (USA)

Posted by Gilmour Poincaree on January 27, 2009

26/01/2009 20:45

Agence France-Presse

PUBLISHED BY ‘CORREIO BRAZILIENSE’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘CORREIO BRAZILIENSE’

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIES - USA, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

SETOR HABITACIONAL ESPERA, OTIMISTA, PACOTE DE INCENTIVO (Brazil)

Posted by Gilmour Poincaree on January 27, 2009

Segunda-feira, 26 de Janeiro de 2009 11:12

por Fernanda Mathias

PUBLISHED BY ‘CAMPO GRANDE NEWS’ (Brazil)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘CAMPO GRANDE NEWS’ (Brazil)

Posted in BANKING SYSTEMS, BRASIL, COMÉRCIO - BRASIL, COMMERCE, COMMODITIES MARKET, CONSTRUCTION INDUSTRIES, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO ECONÔMICA, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FINANCIAMENTO IMOBILIÁRIO, FLUXO DE CAPITAIS, INDÚSTRIA DA CONSTRUÇÃO CIVIL, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, O MERCADO FINANCEIRO, O PODER EXECUTIVO FEDERAL, O SISTEMA BANCÁRIO - BRASIL, PROGRAMA DE ACELERAÇÃO DO CRESCIMENTO (PAC), PUBLIC SECTOR AND STATE OWNED ENTERPRISES, REAL ESTATE INDUSTRIES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »

BB GARANTE R$ 2,5 BI A REVENDEDORAS DE VEÍCULOS NO PAÍS (Brazil)

Posted by Gilmour Poincaree on January 27, 2009

Segunda-feira, 26 de Janeiro de 2009 20:51

por João Humberto

PUBLISHED BY ‘CAMPO GRANDE NEWS’ (Brazil)

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PUBLISHED BY ‘CAMPO GRANDE NEWS’ (Brazil)

Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEMS, BRASIL, COMÉRCIO - BRASIL, COMMERCE, COMMODITIES MARKET, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO ECONÔMICA, EXPANSÃO INDUSTRIAL, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FLUXO DE CAPITAIS, INDÚSTRIA AUTOMOTIVA, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, O PODER EXECUTIVO FEDERAL, O SISTEMA BANCÁRIO - BRASIL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »

PAÍS CAMINHA BEM MAS É PRECISO ATENÇÃO AO CAPITAL DE GIRO, AFIRMA PRESIDENTE (Brazil)

Posted by Gilmour Poincaree on January 26, 2009

26 de Janeiro de 2009 – 08h32

Paula Laboissière – Repórter da Agência Brasil

PUBLISHED BY ‘AGÊNCIA BRASIL’

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PUBLISHED BY ‘AGÊNCIA BRASIL’

Posted in A PRESIDÊNCIA, BANCO CENTRAL - BRASIL, BANKING SYSTEMS, BRASIL, CENTRAL BANKS, COMÉRCIO - BRASIL, COMMERCE, CONSELHO MONETÁRIO NACIONAL (CMN), DESENVOLVIMENTO SUSTENTÁVEL, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO ECONÔMICA, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FLUXO DE CAPITAIS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, LUIS INÁCIO LULA DA SILVA, O PODER EXECUTIVO FEDERAL, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »

LYING FOR A CAR LOAN IS A DEAD END (USA)

Posted by Gilmour Poincaree on January 26, 2009

Sunday, January 25, 2009

by Patrick Danner – Miami Herald

PUBLISHED BY ‘McCLATHY NEWSPAPERS’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘McCLATHY NEWSPAPERS’ (USA)

Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEM - USA, BANKRUPTCIES - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FRAUD, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, USA | Leave a Comment »

RESERVE BANK FIXES ON RISK FACTORS IN NEW RULES FOR FINANCE COMPANIES (New Zealand)

Posted by Gilmour Poincaree on January 26, 2009

4:00AM Monday Jan 26, 2009

by Adam Bennett

PUBLISHED BY ‘THE NEW ZEALAND HERALD’

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PUBLISHED BY ‘THE NEW ZEALAND HERALD’

Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, MACROECONOMY, NEW ZEALAND, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES | Leave a Comment »

FREE TRADE BEST HOPE OF GETTING THROUGH (New Zealand)

Posted by Gilmour Poincaree on January 26, 2009

4:00AM Monday Jan 26, 2009

by Owen Hembry

PUBLISHED BY ‘THE NEW ZEALAND HERALD’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEW ZEALAND HERALD’

Posted in AGRICULTURE, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, NEW ZEALAND, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

MOODY’S WITHDRAWS CREDIT RATING ON URC – (Philippines)

Posted by Gilmour Poincaree on January 26, 2009

21:02:00 01/25/2009

by Doris Dumlao – Philippine Daily Inquirer

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

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PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, PHILIPPINES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »

SMC-ALLIED GROUP BUYS 7% OF MERALCO – BOARD CHANGES SEEN MONDAY – (Philippines)

Posted by Gilmour Poincaree on January 26, 2009

20:54:00 01/25/2009

by Doris Dumlao and Elizabeth Sanchez-Lacson – Philippine Daily Inquirer

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

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PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

Posted in BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PHILIPPINES, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

BANKERS EVOLVED FROM AGENTS TO RISK-TAKERS – ONE CASUALTY OF THE GLOBAL FINANCIAL CRISIS, AND WE PROBABLY WON’T MISS IT, IS THE WALL STREET MODEL OF INVESTMENT BANKING

Posted by Gilmour Poincaree on January 26, 2009

January 26, 2009

by Andrew Main – Business Editor – The Australian

PUBLISHED BY ‘THE AUSTRALIAN’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE AUSTRALIAN’

Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »

BIG FOUR AUSTRALIAN BANKS HAVE JOINED THE GLOBAL ELITE – THE CRISIS IN THE FINANCIAL SYSTEM CATAPULTED ALL FOUR MAJORS INTO THE RANKS OF THE TOP 20 GLOBAL BANKS FOR THE FIRST TIME

Posted by Gilmour Poincaree on January 26, 2009

January 26, 2009

by Scott Murdoch – The Australian

PUBLISHED BY ‘THE AUSTRALIAN’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE AUSTRALIAN’

Posted in AUSTRALIA, BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, RECESSION, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »

MITSUBISHI MAKES GABON OIL FIND – WEST AFRICA OILFIELD COULD DELIVER 14M BARRELS – JAPANESE TRADING HOUSE MITSUBISHI HAS DISCOVERED AN OIL FIELD IN GABON, RAISING HOPE FOR MORE ENERGY PRODUCTION FROM WEST AFRICA

Posted by Gilmour Poincaree on January 26, 2009

January 26, 2009

Agence France-Presse

PUBLISHED BY ‘THE AUSTRALIAN’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE AUSTRALIAN’

Posted in AFRICA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, PETROL, RECESSION, REFINERIES - PETROL/BIOFUELS, THE FLOW OF INVESTMENTS | Leave a Comment »

AUSTRALIAN HOUSING BUBBLE ‘YET TO BURST’ – AN INTERNATIONAL GROUP HAS PREDICTED THAT THE HOUSING BUBBLE IN AUSTRALIA IS YET TO BURST

Posted by Gilmour Poincaree on January 26, 2009

January 26, 2009

Australian Associated Press

PUBLISHED BY ‘THE AUSTRALIAN’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE AUSTRALIAN’

Posted in AUSTRALIA, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, REAL ESTATE INDUSTRIES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »

THE FOOL’S NEWEST TAKE ON MUTUAL FUNDS (USA)

Posted by Gilmour Poincaree on January 25, 2009

Sun, Jan. 25, 2009

by Charles A. Jaffe – Inquirer Financial Columnist

PUBLISHED BY ‘THE PHILADELPHIA DAILY & INQUIRER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILADELPHIA DAILY & INQUIRER’ (USA)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FINANCIAL SERVICES INDUSTRIES, FRAUD, HOUSING CRISIS - USA, INDUSTRIES - USA, PENSION FUNDS, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

NORWAY TO UNVEIL MEASURES TO BOOST BANKING SECTOR

Posted by Gilmour Poincaree on January 25, 2009

Sunday January 25, 2009

Associated Press

PUBLISHED BY ‘THE STAR’ (Malaysia)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STAR’ (Malaysia)

Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, NORWAY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR | Leave a Comment »

U.N. CRIME CHIEF SAYS DRUG MONEY FLOWED INTO BANKS – THE UNITED NATIONS’ CRIME AND DRUG WATCHDOG HAS INDICATIONS THAT MONEY MADE IN ILLICIT DRUG TRADE HAS BEEN USED TO KEEP BANKS AFLOAT IN THE GLOBAL FINANCIAL CRISIS, ITS HEAD WAS QUOTED AS SAYING ON SUNDAY

Posted by Gilmour Poincaree on January 25, 2009

Sunday January 25, 2009

Reuters

PUBLISHED BY ‘THE STAR’ (Malaysia)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STAR’ (Malaysia)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FINANCIAL SERVICES INDUSTRIES, FRAUD, HOUSING CRISIS - USA, INDUSTRIES - USA, INTERNATIONAL, MONEY LAUDERING, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, THE UNITED NATIONS, USA | Leave a Comment »

GOODWILL ‘DEFRAUDED OUT OF 38 BIL. YEN’ – FUND PARTNERS SAID LIED ABOUT SHARE PRICES (Japan)

Posted by Gilmour Poincaree on January 25, 2009

Jan. 26, 2009

The Yomiuri Shimbun

PUBLISHED BY ‘THE DAILY YOMIURI’ (Japan)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE DAILY YOMIURI’ (Japan)

Posted in BANKING SYSTEMS, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FINANCIAL SERVICES INDUSTRIES, FRAUD, INDUSTRIES, INTERNATIONAL, JAPAN, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »

IT’S TIME TO UNRAVEL A FINANCIAL KNOT (USA)

Posted by Gilmour Poincaree on January 25, 2009

Sunday, January 25, 2009 at 4:23 a.m.

by Gretchen Morgenson – The New York Times

PUBLISHED BY ‘THE PRESS DEMOCRAT’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PRESS DEMOCRAT’ (USA)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

HOW MERGER OF THE BLUES GOT DERAILED – COMPETITION AND USE OF “BLUE” WERE KEY (USA)

Posted by Gilmour Poincaree on January 25, 2009

Sun, Jan. 25, 2009

by Jane M. Von Bergen – Inquirer Staff Writer

PUBLISHED BY ‘THE PHILADELPHIA INQUIRER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILADELPHIA INQUIRER’ (USA)

Posted in BANKING SYSTEM - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HEALTH CARE - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

HOW ABOUT A BAD BANK FOR DAMAGED ASSETS ? (USA)

Posted by Gilmour Poincaree on January 25, 2009

Sun, Jan. 25, 2009

by Joseph N. DiStefano

PUBLISHED BY ‘THE PHILADELPHIA INQUIRER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILADELPHIA INQUIRER’ (USA)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

THE REIGN OF THAIN GOES MOSTLY DOWN THE DRAIN (USA)

Posted by Gilmour Poincaree on January 25, 2009

January 23, 2009

by Loren Steffy

PUBLISHED BY ‘THE HOUSTON CHRONICLE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE HOUSTON CHRONICLE’ (USA)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, USA | Leave a Comment »

PAUL FIREMAN LAWSUIT CLAIMS ACCOUNTANT (ARNOLD P. MULLEN) STOLE MILLIONS (USA)

Posted by Gilmour Poincaree on January 25, 2009

Saturday, January 24, 2009

by Megan V. Winslow – Daily News Staff Writer

PUBLISHED BY ‘THE PALM BEACH DAILY NEWS’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PALM BEACH DAILY NEWS’ (USA)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

CANADA’S NUCLEAR-INDUSTRY SEES DEALS WORTH BILLIONS WITH INDIA

Posted by Gilmour Poincaree on January 24, 2009

24 Jan 2009, 1330 hrs IST

IANS

PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

Posted in CANADA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDIA, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, NUCLEAR ENERGY, RECESSION, THE FLOW OF INVESTMENTS | 1 Comment »

DELTA TEAMS WITH 3M TO REPLACE NWA BRAND – THE NORTHWEST AIRLINES CORP. NAME WILL SOON VANISH AT AIRPORTS ACROSS MINNESOTA, INCLUDING MINNEAPOLIS/ST. PAUL INTERNATIONAL AIRPORT, AS REBRANDING EFFORTS CONTINUE AMID NORTHWEST’S MERGING INTO AN EXPANDED DELTA AIR LINES INC. (USA)

Posted by Gilmour Poincaree on January 24, 2009

Friday, January 23, 2009, 6:48pm EST

Atlanta Business Chronicle – by Chris Newmarker Staff Writer

PUBLISHED BY ‘THE ATLANTA BUSINESS JOURNAL’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE ATLANTA BUSINESS JOURNAL’ (USA)

Posted in BANKING SYSTEM - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

GOTIANUN ACQUIRES PHILAM FINANCE UNITS (Philippines)

Posted by Gilmour Poincaree on January 24, 2009

09:40:00 01/23/2009

by Doris Dumlao – Philippine Daily Inquirer

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, PHILIPPINES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »

DIVING CONSUMER DEMAND HITS TECH FIRMS

Posted by Gilmour Poincaree on January 24, 2009

02:44:00 01/24/2009

by Tarmo Virki and Tiffany Wu – Reuters

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

Posted in BANKRUPTCIES - USA, COMMERCE, COMMODITIES MARKET, DIGITAL INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ELECTRIC / ELECTRONIC INDUSTRIES, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, SOFTWARE INDUSTRIES, THE FLOW OF INVESTMENTS, USA | 1 Comment »

INVESTORS RIP ADVISER – CLIENTS CLAIM SCHRENKER BILKED THEM FOR YEARS (USA)

Posted by Gilmour Poincaree on January 24, 2009

01/23/2009 12:30:00 AM MST

by Rick Callahan – The Associated Press

PUBLISHED BY ‘THE DENVER POST’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE DENVER POST’ (USA)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FINANCIAL SERVICES INDUSTRIES, FRAUD, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, USA | 1 Comment »

PONZI DREAMERS, SCHEMERS – INVESTMENT MANAGERS WRITING DRAMATIC SCRIPTS (USA)

Posted by Gilmour Poincaree on January 24, 2009

01/21/2009 12:30:00 AM MST

by Al Lewis – Dow Jones Newswires

PUBLISHED BY ‘THE DENVER POST’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE DENVER POST’ (USA)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FINANCIAL SERVICES INDUSTRIES, FRAUD, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, USA | Leave a Comment »

HIRSCHFELD FILES FOR CHAPTER 11 (USA)

Posted by Gilmour Poincaree on January 24, 2009

01/23/2009 05:30:18 PM MST

by Jim Bates – The Denver Post

PUBLISHED BY ‘THE DENVER POST’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE DENVER POST’ (USA)

Posted in BANKRUPTCIES - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIES - USA, PAPER INDUSTRIES, RECESSION, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT, USA | Leave a Comment »

BUILDING OF HOMES PLUNGES TO RECORD LOW – DECEMBER CONSTRUCTION IS THE WEAKEST SINCE RECORD-KEEPING BEGAN IN 1959 – THE PREVIOUS WORST WAS SET IN NOVEMBER (USA)

Posted by Gilmour Poincaree on January 24, 2009

01/23/2009 12:30:00 AM MST

by Jeannine Aversa – The Associated Press

PUBLISHED BY ‘THE DENVER POST’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE DENVER POST’ (USA)

Posted in BANKING SYSTEM - USA, CONSTRUCTION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

IBM CUTS JOBS; NUMBER UNKNOWN

Posted by Gilmour Poincaree on January 24, 2009

Thu, Jan. 22, 2009 12:30AM

by Sabine Vollmer – Staff Writer

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

Posted in BANKING SYSTEM - USA, DIGITAL INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ELECTRIC / ELECTRONIC INDUSTRIES, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT | 1 Comment »

ChannelAdvisor cuts jobs, touts profit

Posted by Gilmour Poincaree on January 24, 2009

Fri, Jan. 23, 2009 12:30AM

by John Murawski – Staff Writer

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

Posted in BANKING SYSTEM - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIES - USA, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT | Leave a Comment »

NewStar stock slides as credit terms tighten (USA)

Posted by Gilmour Poincaree on January 24, 2009

Friday, January 23, 2009, 10:40am EST

Tim McLaughlin

PUBLISHED BY ‘THE BOSTON BUSINESS JOURNAL’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BOSTON BUSINESS JOURNAL’ (USA)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

COWELL: PENSION FUND DOWN 19 PERCENT – STATE TREASURER JANET COWELL SAID THIS MORNING THAT THE STATE’S PENSION FUND IS DOWN $16 BILLION FROM A YEAR AGO (USA)

Posted by Gilmour Poincaree on January 24, 2009

January 23, 2009 – 12:08pm

Submitted by ryanteaguebeckwith

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, PENSION FUNDS, RECESSION, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

GE PROFIT DROPS 46 PCT AS FINANCE UNIT STRUGGLES (USA)

Posted by Gilmour Poincaree on January 24, 2009

Fri, Jan. 23, 2009 06:19 AM

by Stephen Manning – Associated Press Business Writer

PUBLISHED BY ‘THE KANSAS CITY STAR’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE KANSAS CITY STAR’ (USA)

Posted in BANKING SYSTEM - USA, COMMERCE, COMMODITIES MARKET, COMMUNICATION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ELECTRIC / ELECTRONIC INDUSTRIES, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, REAL ESTATE INDUSTRIES, RECESSION, STOCK MARKETS, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

MASSIVE CREDIT CARD DATA BREACH HITS LOCAL BANKS, CREDIT UNIONS – WSECU SAYS SOME CUSTOMERS AFFECTED (USA)

Posted by Gilmour Poincaree on January 24, 2009

Friday, January 23, 2009 10:34 a.m. PT

by Judy Vue – Seattle Post-Intelligencer Reporter

PUBLISHED BY ‘THE SEATTLE POST-INTELLIGENCER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE SEATTLE POST-INTELLIGENCER’ (USA)

Posted in BANKING SYSTEM - USA, CRIMINAL ACTIVITIES, CYBER CRIMES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

TRADER DESCRIBES LOSING SENSE OF REALITY AT SOCIÉTÉ GÉNÉRALE (France)

Posted by Gilmour Poincaree on January 23, 2009

January 22, 2009

The Associated Press

PUBLISHED BY ‘THE INTERNATIONAL HERALD TRIBUNE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE INTERNATIONAL HERALD TRIBUNE’ (USA)

Posted in BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FINANCIAL SERVICES INDUSTRIES, FRANCE, FRAUD, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »

AER LINGUS TO START WASHINGTON, D.C. – MADRID FLIGHTS

Posted by Gilmour Poincaree on January 23, 2009

Thursday, January 22, 2009, 2:15pm EST

Baltimore Business Journal – by Jeff Clabaugh – Contributor

PUBLISHED BY ‘THE BALTIMORE BUSINESS JOURNAL’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BALTIMORE BUSINESS JOURNAL’ (USA)

Posted in AIR TRANSPORT INDUSTRY, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, IRELAND, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »

EVOLUTION SOLAR TO PARTNER IN 5 MW SOLAR PROJECT (USA)

Posted by Gilmour Poincaree on January 23, 2009

1/22/2009 8:56:00 PM GMT

EnergyCurrent

PUBLISHED BY ‘ENERGY CURRENT’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘ENERGY CURRENT’

Posted in BANKING SYSTEM - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ENERGY INDUSTRIES, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, SOLAR, SOLAR CELLS INDUSTRIES, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

KEEPING HOUSES, OWNERS TOGETHER – A NEW JERSEY PROGRAM AIMED AT PREVENTING FORECLOSURES WAS FLOODED WITH CALLS IN ITS FIRST WEEK (USA)

Posted by Gilmour Poincaree on January 23, 2009

Fri, Jan. 23, 2009

by Adrienne Lu – Inquirer Trenton Bureau

PUBLISHED BY ‘PHILADELPHIA DAILY NEWS’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘PHILADELPHIA DAILY NEWS’ (USA)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, REAL ESTATE INDUSTRIES, RECESSION | Leave a Comment »

FORMER STATE SEN. VINCENT J. FUMO (DEMOCRATIC PARTY) LOSES APPEAL OF HIS HOME ASSESSMENT (USA)

Posted by Gilmour Poincaree on January 23, 2009

Fri, Jan. 23, 2009

Joseph Tanfani – Inquirer Staff Writer

PUBLISHED BY ‘PHILADELPHIA DAILY NEWS’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘PHILADELPHIA DAILY NEWS’ (USA)

Posted in BANKING SYSTEMS, CORRUPTION, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL SERVICES INDUSTRIES, FRAUD, HOUSING CRISIS - USA, INDUSTRIES - USA, REAL ESTATE INDUSTRIES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, USA | Leave a Comment »

NEW WORLD TO EXPAND IN JAPAN AND EUROPE (China)

Posted by Gilmour Poincaree on January 23, 2009

Friday, January 23, 2009

by Katherine Ng

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

Posted in BANKING SYSTEMS, CHINA, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FOREIGN POLICIES, INTERNATIONAL, INTERNATIONAL RELATIONS, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »

SHK INVESTMENT TO REDEEM MINIBOND INVESTORS – SUN HUNG KAI INVESTMENT SERVICES WILL REFUND AS MUCH AS HK$85 MILLION TO INVESTORS WHO BOUGHT STRUCTURED NOTES LINKED TO COLLAPSED LEHMAN BROTHERS HOLDINGS (China)

Posted by Gilmour Poincaree on January 23, 2009

01-23-2009 00:37

STAFF REPORTER

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

Posted in BANKING SYSTEMS, CHINA, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FINANCIAL SERVICES INDUSTRIES, FRAUD, HONG KONG, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »

PARTNERS, INSURER UNDER SCRUTINY – AG SEEKS DETAILS ON AGREEMENT – POSSIBLE COLLUSION OVER PRICES CITED (USA)

Posted by Gilmour Poincaree on January 23, 2009

January 23, 2009

by Scott Allen and Thomas Farragher – Globe Staff

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

SMALL INVESTORS SHUN BIG BROKERS TO DO IT THEMSELVES (USA)

Posted by Gilmour Poincaree on January 23, 2009

January 22, 2009

by Daniel Trotta – Reuters

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

Posted in BANKING SYSTEM - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, STOCK MARKETS, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

ASIAN MARKETS BOUNCE HIGHER AS BANK OF JAPAN TO EASE LIQUIDITY

Posted by Gilmour Poincaree on January 23, 2009

22 Jan 2009 – 05:28 AM ET

CNBC.com

PUBLISHED BY ‘CNBC’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘CNBC’

Posted in ASIA, BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »