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Looks like the top guys over at UBS are going to bat for their team—fighting management to expand the bonus pool.
UBS has delayed 2010 bonuses because senior executives have deemed the bonus pool "unworkable" and they need time to plea for more money.
College students are barely civilized barbarians who are fundamentally lacking in the basic skills required to succeed as human beings.
While black might be the fashion color of choice in New York, the well-heeld group at the World Economic Forum stuck to a more neutral palette of greys, camel and navy.
It's no big surprise that Mr. Rogers likes him some food. In fact, he doesn't come on my show unless I bring out a royal breakfast spread.
Today's theme is chaos.
To begin—quite literally—at the beginning: Chaos was the dark void from which universe arose in classical Greek cosmogony—as Ovid reminds us: "unfashion'd and unfram'd"—containing numberless seeds for the future.
So too of Egypt.
Violence in Egypt increasing: Gunfire breaks out in Tahrir Square. [Wall Street Journal]
ECB keeps rates at 1 percent—despite rising inflation fears. [CNBC via Reuters]
Deutsche Bank tops Goldman Sachs as the biggest spender on Wall Street: DB Bankers got an average 500K last year. [CNBC via Reuters]
Steve Cohen tells investors to relax: SAC capital will not suffer a financial impact as a result of the latest insider trading probe. [FT]
Is El Baradei a credible future leader of Egypt? [Wall Street Journal]
Gallup polls Egyptians & Tunisians about 'wellbeing'. [Gallup—Hat Tip Felx Salmon]
Representing yourself in foreclosure —many have little choice. [NY Times]
IPOs are rebounding. [Bespokeinvest—Hat Tip Abnormal Returns]
The Arab world watches Cairo. [NY Times]
Now that the constitutionality of the individual mandate under the Commerce Clause has come under fire, proponents of Obamacare are attempting to shift the debate onto what they view as friendlier ground—the broader power of Congress to impose taxes.
Ezra Klein sums up this line of argument pretty well :
Admit it: It's fun to game the system.
Not to mention—in this economy especially—everyone needs a backup plan. \(If you require further proof on that point, see our colleague Jeff Cox's terrific article about Bill Gross —for some truly disturbing insights into how screwed up things really are.\)
CNBC's Patti Domm and Jeff Cox discuss the jobs report and the current dilemma of long-term unemployment.
CNBC's Patti Domm and Jeff Cox discuss the recent GDP numbers and what factors have been affecting it.
Investors give and investors take away, and nowhere has that been more true lately than in value stocks.