Stocks are weaker, the dollar is up, as the World Bank has cut its 2009 global growth forecast, saying the world economy will shrink 2.9 percent, worse than prior predictions of a decline of 1.7 percent, and noting that a retreat from emerging market investments will deepen poverty in less developed countries... Read More
"It's a risky business." I don't think I'll ever forget when a Chief Financial Officer said that at an investor conference last year in lieu of reading the whole boring boilerplate "Safe Harbor Statement." ... Read More
How will male General Motors retirees get their motor runnin'? Do they start paying for their impotence drugs out of their own pocket? Because apparently, under the new deal the company won't pick up the tab anymore... Read More