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Finance NetNet


  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
  Wednesday, 9 Mar 2011 | 4:29 PM ET

Jeffrey Gundlach: Munis Are The New Subprime

Posted By: John Carney
Jeffrey Gundlach
Jeffrey Gundlach

Bond king Jeff Gundlach likened municipal bonds to subprime mortgage bonds on CNBC’s Strategy Session on Wednesday.

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