Posted by: wordbeeps on: September 20, 2008
One mayor of a municipality I covered for a small newspaper told me that no one new on council ever asked questions about the budget. Budgets for the municipality were under $30 million. Sure enough, budget time rolled around and the new councillors looked thoughtful, listened to the debate, but asked no questions. Why? There [...]
Posted by: wordbeeps on: September 16, 2008
If you thought Bear Sterns and Lehman Brothers on the ropes was a big deal, prepare yourself. American International Group, the insurance company you know as AIG, is teetering. Why is that important news in bank crisis? AIG is the largest insurance company on the planet, the 18th largest company of any kind in the [...]
Posted by: wordbeeps on: September 15, 2008
Looking for a video lead for this post. Found the best one on Aljazeera, of all places. Fed moves to deal with financial crisis, from Associated Press From Bloomberg.com http://www.bloomberg.com/news/index.html Headlines from Reuters include “Struggling to Survive” and “Wall Street mauled by Lehman bankruptcy, AIG fears” “Problems at Lehman spill over into several Canadian companies” [...]
