Ireland downgraded again: European sovereign spreads widen. (CNBC.com)
NetNet With John Carney
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What Warren Buffett once called "financial weapons of mass destruction" are firing again, with securitization and shadow banking at post-crisis highs.
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Fallen Hedge Funder Forced to Sell Collection of “Museum-Grade” Mole Hair Teddy Bears
Posted By: Ash Bennington
Cost Estimate of TARP Continues to Fall
Posted By: Ash Bennington
Equity indexes rally ahead of key economic numbers. Investors see "win-win": (Wall Street Journal) If it’s good, it’s good — and if it’s bad, it’s good, because The Fed will backstop the market. (Editorial: Wait, does that make any damned sense? I may have considered buying stock in Pets.com back in the 90’s — but I’m wiser this time around.)
Greenberg: For-Profits — Blame It on The Short-Sellers
Posted By: Herb Greenberg
From the bizarre lawsuit file: I was wondering how long it would be before the for-profit college started suing short-sellers.
I didn’t expect this: A private for-profit suing a public community college in a suit that names several short-sellers as co-conspirators.
Chief among them: Steve Eisman of FrontPoint Partners, who has been vocal and very public in his criticism of the industry.
The suit was filed by The Keiser School, a private company, which operates Keiser University in Florida. Keiser is suing Florida State College in Jacksonville and several of its administrators.
Bert The Broker
Posted By: Julia La Roche
We found this hilarious video on youtube that's a parody of a former lacrosse player, Bert Breakfast, who imitates a Goldman Sachs junior analyst. We don't know if the actor actually works for Goldman.
Blogonomics: The New York Observer's Bid For DealBreaker
Posted By: John Carney
The news that the New York Observer is close to a deal to acquire DealBreaker has already spurred lots of smart commentary, including pieces from Mike Merced , Felix Salmon and Robert Cyran .
New York Observer
For those of you who are new to the story, here's what's going on: The New York Observer wants to buy DealBreaker, a Wall Street tabloid blog that has served as the platform for the humor and scoops of writer Bess Levin. Breaking Media, which owns DealBreaker as well as Fashionista and AboveTheLaw, would reportedly like to sell. But Bess Levin is holding out for more money, according to Nicholas Carlson at Business Insider .
New Yorkonomics: Education 101
Posted By: John Carney
Over the weekend, the real estate section of the New York Times profiled the Meatpacking District . Almost as a side note, Jake Mooney described the local elementary, middle and high schools. What's interesting is how much worse the schools perform as the students get older.
Education
"Primary students in the neighborhood — including the blocks immediately surrounding the meatpacking district — are zoned to attend Public School 3, on Hudson Street, or 41, on West 11th Street.
Both received A’s on recent city progress reports. At No. 3, 91.6 percent of students met standards in English, 96 percent in math. At No. 41, percentages were 94.8 in English and 97.8 in math.
Middle school students are zoned for Junior High School 104 on East 21st Street, which the city also gave an "A." In recent tests, 82.5 percent were proficient in English, 85.1 percent in math.
Two high school options, to the north of the neighborhood, are the Manhattan Business Academy and the Humanities Preparatory Academy.
They share the West 18th Street site that until 2004 housed Bayard Rustin High School.
The business academy started in 2009, so scores are not available. At the humanities academy in 2009, SAT averages were 420 in reading, 388 in math and 410 in writing, versus 435, 432 and 439 statewide."
Why Do Rogue Traders Only Lose Money?
Posted By: John Carney
Rogue traders are a very unlucky bunch.
Correction Could be Coming For Gold
Posted By: Jeff Cox
Everybody these days likes gold to keep going up, but not everyone is so convinced about the trajectory of its path.
Tom Grill | Iconica | Getty Images
Gold bars
Jim Rogers is the latest of the big-name investors to make a strongly bullish call on the yellow metal, predicting Monday on CNBC that it will hit $2,000 in the next decade .
That’s not exactly a daring call, considering it would only require a 5 percent gain per year, but it’s still assurance that gold should be an essential part of all portfolios.
Bank Stocks Boring in 3rd Quarter: Meredith Whitney
Posted By: Cadie Thompson
Don't expect anything exciting in banking stocks this third quarter. There will be no big suprises in the sector, analyst Meredith Whitney, of Meredith Whitney Advising Group, told CNBC Tuesday.
cnbc.com
Meredith Whitney
"Bank stocks are just boring at this point, they're not going to go up that much, they're not going to go down that much," said Whitney.
David Tobin — Reading the Bad Paper Tea Leaves
Posted By: Lori Ann LaRocco
David Tobin is in the business of selling bad paper. His company, Mission Capital Advisors, has advised on more than $26 billion of loan sales since it was founded in 2002.
Mission is deeply involved in the secondary mortgage market, putting David in a good position to spot trends developing before they make headlines. I ask David based on the transactions he's seeing is the worst behind us in the real estate loan markets.
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Senior Editor covering Wall Street, hedge funds, financial regulation and other business news.
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Senior writer for CNBC.com, covering the gamut of issues affecting the stock market and the economy.
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Farmers are catching up with crop plantings at a record-setting pace.
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.80x60.jpg?v=1368731367 "Sony Shares Spike on Spinoff Chatter")
Sony shares moved higher Tuesday as reports circulated that the company is considering a spinoff proposal.
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Federal Reserve Chairman Ben Bernanke is expected to maintain his dovish tone when he speaks to Congress on Wednesday.