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For some, the economic downturn has induced a “take no prisoners” attitude and for others, they find themselves bending over backwards to appease everyone and anyone in sight. The reality is that both strategies are short lived and unproductive.
The Dow Jones Industrial Average is nowhere near the bottom, despite recent measures by authorities to boost the beleaguered banking sector, Edward Loef from Theodoor Gilissen Bankiers told CNBC.
European stocks rose Thursday on the back of the UK government's announcement that it would be launching a scheme which could end up insuring more than $712 billion worth of toxic assets in a bid to get lending flowing again.
Wednesday: As the state of financials continues to worry the markets, Fed Chairman Ben Bernanke said the U.S. has no plans to nationalize Citigroup. Wealthy Americans are suing UBS to keep their names secret (as a $31 billion UBS order went wrong) and Congress is considering a housing bill that'd let judges erase mortgage debt. Experts told CNBC that America needs more infrastructure in the stimulus bill — and that there won't be a recovery until housing improves.
U.S. banking regulators announced Wednesday that the "stress test" program on banks with more than $100 billion in assets will be completed by no later than April, CNBC has learned.
Federal Reserve Chairman Ben Bernanke said on Wednesday there was no plan to nationalize troubled US bank Citigroup, causing stocks on Wall Street to trim losses briefly.
With one of their own in the White House, Democrats in Congress are moving to give domestic government agencies 8 percent more money, on average, to spend this year atop the whopping $787 billion in economic stimulus funds.
You need to besiege your Congressmen and Senators and tell them that the rates on credit card debt must be lowered. Shock them into realizing how serious the problem has become.
float: left;display: inline; font-size:11px; font-face:Arial; border: 1px solid #CCC; line-height:12px; margin-right: 15px; width:100px;/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/maslansky_m_100.jpg110010000truehttp://msnbcmedia.msn.comfalse1Pfalsefalse left/CNBC/Components/Images/spacer.gif1108500lefttruehttp://icnbc.msnbc.msn.comfalsePfalsefalse Michael Maslansky CEO of Luntz, Maslansky Strategic ResearchIn an instant response session with registered voters we saw Strong partisan divides. The view from this group was not quite as gushy about the speech as most of the cable networks would suggest.
We are no longer a nation of idiots, or at least that's my takeaway from Obama's speech last night. It seems others agree.
In response to the current economic environment, the NFL confirmed today that it has reduced its staff by 15 percent.
Tuesday afternoon Ford took another huge step in showing it's committed to cutting costs and "sharing the pain".
The Dow Jones EURO STOXX 50 could jump 25 percent over the next two months in a bear-market rally, Roelof van den Akker, chartist from ING Wholesale Banking, told CNBC Wednesday.
Global stocks rose Wednesday after Wall Street's overnight rally spurred by Federal Reserve Chairman Ben Bernanke's reassuring comments on the financial industry. Bernanke said the government did not have plans to nationalize major banks at this stage.
Investors enjoyed a Fat Tuesday of their own, reclaiming most of the prior session's losses, after Fed Chairman Ben Bernanke indicated that all-out bank nationalization wasn't part of the goverment plan.
What follows below is the transcript of my interview with Canadian Prime Minister Stephen Harper on last night's show. Mr. Harper is a trained economist and quite an impressive statesman. Our northern neighbors are lucky to have him at the helm. We covered a wide range of key topics including the ailing banking system, risks of protectionism, oil sands and autos.
Tuesday: Fed Chairman Ben Bernanke warned the "severe" U.S. recession may drag into 2010 unless the government succeeds in stabilizing the banking system and financial markets. Debate continues on bank "nationalization," with Bank of America insisting it won't need a bigger U.S. stake; and analysts wondering if Citigroup actually needs the government to pick up more than 40 percent. Experts told CNBC that fears of nationalization are overdone — and we're now entering the epicenter of the recession.
The next economic bubble is on its way—if it's not already here, analysts believe. The problem is, there's no clear consensus on what it will be or when it will hit.
float: left;display: inline; font-size:11px; font-face:Arial; border: 1px solid #CCC; line-height:12px; margin-right: 15px; width:100px;/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/chadwick_p_100.jpg110010000truehttp://msnbcmedia.msn.comfalse1Pfalsefalse left/CNBC/Components/Images/spacer.gif1109500lefttruehttp://icnbc.msnbc.msn.comfalsePfalsefalse Patricia Chadwick Founder andPresidentRavengate Partners LLCSome of you may have received an ‘invitation’ from American Express over the last week or so to pay off your entire account balance and to close your account, and in return you will receive a $300 prepaid gift card. The $300 lure from American Express may be the most expensive ‘gift’ you ever received.
Remember when Barack Obama was campaigning for President and he went to Detroit with a very unpopular message in Motown? In essence he told an audience filled with auto execs it was time for them to start building fuel efficient vehicles, hybrids, and models that would lead Detroit out of its money losing ways.
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