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  Thursday, 10 Mar 2011 | 1:08 PM ET

Alaska Governor Sean Parnell: Health Care Reform Is Going to Bankrupt States

Posted By: Lori Ann LaRocco

The unrest in the Middle East is coming in waves. The tidal wave it has created at the pump is taking a big bite out of consumers wallets. We hear about our nation's untapped oil reserves but with the "no new wells" policy there is no hope it can be explored.

In Alaska, the Governor, Sean Parnell is in his own battle with the legislature. But not for budget cuts. He's proposing tax incentives for oil companies to entice them to hang a shingle up in his state.

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  Thursday, 10 Mar 2011 | 12:36 PM ET

Billionaire Microcosm—How the New Forbes List Reflects the World

Posted By: Ash Bennington

I present to you—without editorial comment—a bullet list of quotations, taken from an article in The Financial Times, analyzing the makeup of the new Forbes billionaire list.

Draw from it what broader conclusions you may:

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  Thursday, 10 Mar 2011 | 12:07 PM ET

Cuckoo for Cocos

Posted By: Ash Bennington
Peter Dazeley | Photographer's Choice | Getty Images

Credit Suisse recently issued $2 billion in 'cocos'—which is a trendy sounding abbreviation for Contingent Convertible Bonds—a new hybrid security, created to correct the deficiencies of a previous generation of new hybrid securities.

I must confess: Cocos sound like a brilliant idea, on paper at least.

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  Thursday, 10 Mar 2011 | 10:56 AM ET

Fixing Banks: Nice Work if You Can Get It

Posted By: Ash Bennington

Europe's largest banks are preparing for Basel III by doing what banks love to do the most: Issuing new securities.

A recent article in the Financial Times discusses the latest round of securities innovation, ostensibly designed to allow banks to comply with the new capital requirements set forth in the Basel III standards.

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  Thursday, 10 Mar 2011 | 10:21 AM ET

Oil's Perfect Storm

Posted By: Ash Bennington

A perfect storm may be blowing towards the global oil markets—with disastrous economic and political consequences to follow in the wake.

Ambrose Evans-Pritchard, the International Business Editor of the British newspaper the Telegraph, has written a disturbing analysis of the challenges that lurk just below the surface of the oil producing nations of the Middle East and North Africa.

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  Thursday, 10 Mar 2011 | 9:32 AM ET

Taxes, Nannies and Economic Destruction

Posted By: John Carney

The burden taxes place on employment was recently brought home to me by the experience of a couple I’m friendly with who were trying to hire a nanny to watch their only child.

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  Thursday, 10 Mar 2011 | 9:00 AM ET

Wisconsin Strips Unions' Rights

Posted By: Julia La Roche

"Hoard of Cash Lets Qaddafi Extend Fight Against Rebels" [NYTimes]

Moody's downgrades Spain [CNBC.com via Reuters]

Wisconsin strips unions' rights [WSJ]

U.S. gas prices are a joke compared to Norway [CNN Money]

"Aspiring Hedge Fund Manager Chraged With Changing High Schoool Kids' Grades for Cash" [Dealbreaker]

Batch of economic data today includes trade deficit and jobless claims [CNBC.com via AP]

»Read more
  Thursday, 10 Mar 2011 | 8:39 AM ET

Waking up With Nicole Lapin

Posted By: Nicole Lapin

Happy Friday eve! \(C'mon, let Miss Morning Sunshine rub off on you...don't fight it.\) Here's what you need to know to start powering through the day:

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  Thursday, 10 Mar 2011 | 7:11 AM ET

Investors and Protestors May Be Getting Foreclosure Settlement Wrong

Posted By: John Carney
The National People's Action Group calls for prosecuting the "corporate criminals" they say are responsible for the financial crisis, at the Conference of Attorney's General in Washington, D.C.
The National People's Action Group calls for prosecuting the "corporate criminals" they say are responsible for the financial crisis, at the Conference of Attorney's General in Washington, D.C.

Investors bidding up bank stocks and protestors reaming state attorneys general over a proposed foreclosure settlement seem to agree on one thing: this would be a big win for banks.

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  Wednesday, 9 Mar 2011 | 4:55 PM ET

Economic Recovery: False Green?

Posted By: Ash Bennington

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.


Wall Street

  • Robert Shiller

    Nobel Prize-winning economist Robert Shiller says that his key valuation indicator is flashing warning signs.

  • Lael Brainard

    The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.

  • Bill Gross

    Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.