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  Monday, 24 Jan 2011 | 12:00 AM ET

John Barrasso: Republicans Will Lessen The Burdens of American People

Posted By: Sen. John Barrasso

This is an op-ed from US Senator John Barrasso.

In the new Congress, the American people will give Republicans further opportunities to govern. Unlike our predecessors, we will lessen the burdens on the American people. In economic times like these, Washington should be doing everything it can to tighten its own belt and focus on private sector job creation. The Democrats have not only failed to do this; they’ve actively made it harder for Americans to make ends meet.

There are three areas where I see opportunities to help Americans. First, the Senate must follow the House and repeal the health care spending law and replace it with common sense reforms that will lower the cost of our health care. Second, we must lower the cost of energy by encouraging American energy and innovation; not by discouraging it. Third, we must reform Washington’s culture of spending now and paying later.

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  Friday, 21 Jan 2011 | 5:01 PM ET

Insane Bankers Lobbying For Power to Grant Government Guarantees

Posted By: John Carney

Big banks are lobbying to replace Fannie and Freddie with themselves, reports Louise Story :

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  Friday, 21 Jan 2011 | 4:33 PM ET

Are The Media Missing the Significance of State Bankruptcy Debate?

Posted By: Ash Bennington

Google CEO Dumping a Third of a Billion Dollars in Shares [Wall Street Journal] "Eric Schmidt, who is stepping aside as Google Inc.'s chief executive, has filed paperwork to sell company shares currently worth $335 million this year, his first such sale in more than three years. The sale will represent a 6% drop in Mr. Schmidt's Google stake, and comes as the Internet giant said co-founder Larry Page will replace Mr. Schmidt as CEO in April. Mr. Schmidt will become executive chairman." (Dude, if I were liquid to nine figures I would do absolutely nothing with the rest of my life: You'd have to drag me over an XBox and a duvet encrusted with discarded lobster tail shells just to get me out of bed.)

"Obama Adds to Emphasis on Business with Adviser Choice" [NY Times] "President Obama, sending another strong signal that he intends to make his White House more business-friendly, traveled to this industrial city on Friday to appoint a prominent corporate executive as his chief outside economic adviser, and to spotlight his efforts on job creation, in advance of next week’s State of the Union address." How much good will do you think it will buy him?

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  Friday, 21 Jan 2011 | 4:15 PM ET

China, Revolution—and Food Price Shocks

Posted By: Ash Bennington
Flag of the People's Republic of China
Kick Images | Photodisc | Getty Images
Flag of the People's Republic of China

If you were forced to choose a single word in which to encapsulate the collective obsessions of China's ruling elite you could do worse than to pick this one: Stability. And so data suggesting spiking prices of Chinese foodstuffs may stoke the regimes fears of their bête noire.

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  Friday, 21 Jan 2011 | 3:48 PM ET

New York & Co. Poaches Execs From Coach

Posted By: Stephanie Landsman
Coach | Graphic OP Art Wristlet
Coach Inc.
Coach | Graphic OP Art Wristlet

Retailer Coach seeing two of its design executives split at the seams and leave for New York & Company .

The latest to jump ship: Coach's Executive Vice President Of Design David Witkewicz.

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  Friday, 21 Jan 2011 | 2:49 PM ET

Goldman Bonuses: “Totally Meh.”

Posted By: John Carney
Goldman Sachs
Getty Images
Goldman Sachs

The beautifully designed new headquarters of Goldman Sachs was full of the sound of grumbling and a few slamming doors yesterday as staff got the news about their annual bonuses.

Bonuses were far lower than last year for many staffers.

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  Friday, 21 Jan 2011 | 2:31 PM ET

Wall Street's Super Bowl Favorite: Go Pack!

Posted By: Jeff Cox
Green Bay Packers QB Aaron Rodgers
Getty Images
Green Bay Packers QB Aaron Rodgers

While it may break the football hearts of hometown fans at the market exchanges in Chicago and New York, history shows that investors will be better off if the Pittsburgh Steelers and Green Bay Packers play in the Super Bowl.

Sorry, Bears and Jets fans, but in the combined 11 NFL championship games in which either the Steelers \(6-1\) or Packers \(3-1\) have played, the Standard & Poor’s 500 has never turned in a losing year.

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  Friday, 21 Jan 2011 | 2:05 PM ET

Bank of America: Probably Still Screwed

Posted By: John Carney
Bank of America flag
Getty Images
Bank of America flag

Brian Moynihan looked and sounded confident this morning as he closed out his first year as President and CEO of Bank of America.

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  Friday, 21 Jan 2011 | 12:47 PM ET

Dumb Rules

Posted By: Ash Bennington
Government Regulation
CNBC.com
Government Regulation

Here's a shocker: Washington imposes lots of dumb rules on its citizens—particularly beleaguered small businesses.

While the skeptics among us may suspect that fact is unlikely to change, it's at least getting a public airing.

According to an article in today'sNew York Times :

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  Friday, 21 Jan 2011 | 11:28 AM ET

Dodd-Frank & Basel III: A Round Peg and Square Hole?

Posted By: Ash Bennington

To put it simply and bluntly, Dodd-Frank & Basel III have components that are logically contradictory.

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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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