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  Thursday, 27 Jan 2011 | 9:00 AM ET

Trichet Goes Gansta' on Inflation: 'We Will Do What is Necessary'

Posted By: Ash Bennington

Jobless Numbers Worse Than Expected — Snow Blamed [Reuters via CNBC] "New U.S. claims for unemployment benefits rose more than expected last week as harsh weather conditions in some parts of the country kept workers at home and caused a backlog in the processing of claims, a government report showed on Thursday. Initial claims for state unemployment benefits jumped 51,000 to a seasonally adjusted 454,000, the highest since late October, the Labor Department said. That was the largest weekly increase since September 2005. Economists polled by Reuters had expected claims to be little changed at 405,000."

NY Metro Area Slammed by Another Monster Storm [NY Post] The Big Apple was brought to a virtual halt early this morning by another monster storm — this one not only shutting area airports, but also closing city public schools and non-emergency government offices, as well as forcing the suspension of all buses citywide.

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  Wednesday, 26 Jan 2011 | 5:05 PM ET

Economy Not Improving Enough to End QE2

Posted By: Ash Bennington

Economy Not Improving Enough to End QE2 [CNBC] "The Federal Reserve gave a lukewarm economic assessment on Wednesday despite recent signs the recovery was strengthening, saying high unemployment still justified its $600 billion bond-buying program. In a statement following its policy-setting meeting, the central bank also said measures of underlying inflation were "somewhat low" although it acknowledged rising commodity prices that have fueled global inflation worries."

Treasuries Dip as QE2 Sticks Around [Bloomberg] "Treasuries declined as Federal Reserve policy makers maintained a $600 billion program of debt purchases while saying the economic expansion is continuing at an insufficient pace to reduce unemployment. Government securities dropped earlier after a report showed sales of new homes rose more than forecast in December and the U.S. sold $35 billion of five-year notes. Ten-year Treasury Inflation-Protected Securities show bondholders expect the consumer price index to increase 2.26 percentage points a year on average over the life of the debt, compared with a forecast for an increase of 1.7 percent this year by economists surveyed by Bloomberg News."

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  Wednesday, 26 Jan 2011 | 5:04 PM ET

A Billion Dollars Isn't Cool Anymore

Posted By: Kerima Greene

One of the hottest tickets at Davos was "Connectedness" a talk about how will online and mobile behaviours be reshaped over the coming years.

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  Wednesday, 26 Jan 2011 | 4:23 PM ET

New Hedge-Fund Disclosure Rules Probably Won't Help at All

Posted By: John Carney
Government Regulation
CNBC.com
Government Regulation

The new disclosure rules for hedge funds proposed by the CFTC and SEC this week are much better than I would have expected.

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  Wednesday, 26 Jan 2011 | 3:38 PM ET

Ugly Numbers from DC: CBO Reports Record $1.5 Trillion Deficit

Posted By: Ash Bennington
US Capitol Building with cash
US Capitol Building with cash

New figures out from the Congressional Budget Office indicate that this year's budget deficit will be a colossal $1.5 trillion.

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  Wednesday, 26 Jan 2011 | 3:03 PM ET

Obama Tips Hat to Debt and Deficits: 'Now the Pain Begins'

Posted By: Jeff Cox
President Barack Obama
Getty Images
President Barack Obama

It was a painful wait through Tuesday night’s State of the Union speech to hear any talk about fixing the debt-and-deficit plague, and it’s likely to be a considerably longer wait for anything to get done.

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  Wednesday, 26 Jan 2011 | 2:40 PM ET

Private Equity Owned Insurance Company Cuts Off Cancer Patient for 2 Penny Payment Shortfall

Posted By: John Carney
Stethescope and money
Stethescope and money

A division of the business administration company Ceridian reportedly cut off a cancer patient when his monthly premium payment was two cents short of the amount billed.

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  Wednesday, 26 Jan 2011 | 1:24 PM ET

'Too Complicated to Succeed'

Posted By: Ash Bennington
Gazimal | Iconica | Getty Images

I once had great faith that the world was run by people who were far smarter than I—and that their superior intelligence, work ethic, and virtue could be relied upon to steer us through when the glassy seas blew into high swells and maelstroms. While nothing has yet convinced me that my meager perspective is not routinely exceeded — both in quality and degree—I have lost my faith in my betters.

Here's a thumbnail sketch of why.

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  Wednesday, 26 Jan 2011 | 12:37 PM ET

Remember This Above All Else

Posted By: John Carney
John Carney
Photo: Manhattan Transfer/Flickr
John Carney

It's easy to be a rugged individualist when things are going great. You just got your bonus. The hot girl you met when volunteering is totally into you. You found the perfect pair of jeans. Nothing can stop you.

But then something does. Maybe it's just a sudden moment of clarity that tears through the veil of success and makes you wonder for a moment about the value of anything. Why work so hard? Why keep getting up in the morning? Why bother at all when none of it really seems to matter?

Or maybe it is something more physical than metaphysical. In my case, it was a car that sped around a corner on Manhattan's Lower East Side. Fortunately, I was thrown clear of the wheels by the impact. Unfortunately, I broke my leg in nine places. Everything in my life came to a halt.

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  Wednesday, 26 Jan 2011 | 11:47 AM ET

National Tax Payers Union Tells C-Suite Insider—Price Tag of State of The Union: $21.349 Billion 

Posted By: Lori Ann LaRocco

President Obama laid out his agenda on aggressively cutting spending and measures on to grow the economy in his State of the Union Tuesday night.

The President praised the American worker and delivered these encouraging words," We know what it takes to compete for the jobs and industries of our time. We need to out-innovate, out-educate, and out-build the rest of the world." But what's price tag attached to this?

I decided to ask that question to Pete Sepp, Executive Vice President of the moderate, conservative group, the National Taxpayers Union who did a line by line cost analysis on how much the proposals included in this address would cost the American Taxpayer.

The National Taxpayers Union Foundation, \(NTUF\) the research affiliate of the National Taxpayers Union, broke down the numbers exclusively for C-Suite Insider. The NTUF uses the accounting database called BillTally, which reports the “net annual agenda cost” for each Member of Congress based on sponsorships and cosponsorships of pending legislation. The NTUF matched Obama’s State of the Union proposals with those in the BillTally system in White House documents and other third-party sources.

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About NetNet

  • NetNet is where you'll find the low-down and the high jinks of Wall Street. It's the place for insider stories, trader gossip, and tales of the foibles of the moneyed crowd and the culture of finance.Wall Street news and commentary served fresh all day long.

 

  • Jeff Cox is finance editor for CNBC.com.

  • Lawrence Develingne

    Lawrence Delevingne is the ‘Big Money’ enterprise reporter for CNBC.com and NetNet.

  • Stephanie Landsman is one of the producers of "Fast Money."

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