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  Thursday, 17 Mar 2011 | 2:35 PM ET

What Not to Do: A President's Guide

Posted By: Ash Bennington
President Jimmy Carter leaving Three Mile Island for Middletown, Pennsylvania April 1,1979.
National Archives
President Jimmy Carter leaving Three Mile Island for Middletown, Pennsylvania April 1,1979.

"The challenges, on a global scale, are considerable: A nuclear power disaster; concerns about anemic growth and inflation; Middle Eastern discord; oil supply worries."

When I wrote that, earlier today, the irony hadn't yet fully occurred to me—especially in the context of advice to a president .

If the plotline of this movie sounds familiar that's because it is. The original melodrama is set in 1979—the power plant is Three Mile Island, and the president is Jimmy Carter. And the precedent for a remake isn't a favorable one.

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  Thursday, 17 Mar 2011 | 2:20 PM ET

Where is Our President?

Posted By: Ash Bennington
obama_signing_stim1.jpg

If you happen to see our president tell him this: Now might be a good time to put together a little soirée in the East Room of the White House—just to let the folks hear your voice and to let them know you're still at the helm.

Because your countrymen are getting restive.

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  Thursday, 17 Mar 2011 | 12:11 PM ET

How Twitter and Instant Messaging Make You a Better Trader

Posted By: John Carney
Twitter
Loic Venance | AFP | Getty Images
Twitter

Instant messaging and twitter may allow traders to be more profitable than when they work alone or under centralized command.

A new study by a team at the Kellogg School of Management found that internet tools that allow traders to collectively process information without central coordination can increase trading profits.

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  Thursday, 17 Mar 2011 | 11:29 AM ET

Mark Zandi: No Global Impact From Japan

Posted By: Lori Ann LaRocco
NN_c_suite_200.jpg

The emotional investor roller coaster is on hyperdrive as the nuclear situation in Japan remains unknown. With 2011 gains wiped out and now the Yen soaring the markets wait to see if the central banks will intervene.

With all these questions weighing on the markets, I asked Mark Zandi, Chief Economist at Moody's Analytics to offer us his insight.

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  Thursday, 17 Mar 2011 | 10:20 AM ET

How Bad Can It Get in Japan?

Posted By: John Carney
An official in a full radiation protection suit scans an evacuated elderly woman with a geiger counter to check radiation levels in Koriyama city in Fukushima prefecture.
AFP | Getty Images
An official in a full radiation protection suit scans an evacuated elderly woman with a geiger counter to check radiation levels in Koriyama city in Fukushima prefecture.

Ever since the nuclear plants began deteriorating in Japan, there's been no shortage of coverage in the media. But it's been very hard to find anything on the bottom line: how bad could this get? If everything goes wrong, if we get multiple meltdowns, what happens? What's the worse case scenario?

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  Thursday, 17 Mar 2011 | 9:16 AM ET

LIBOR Probe Widens!

Posted By: Ash Bennington
NN_morning_call_200.jpg

Aid Groups Temper Their Contribution Aid groups say Japan, one of the world's wealthiest nations, has the ability to deal with the disaster's aftermath on its own [Wall Street Journal]

Japanese helicopter-dumping water on reactor — in what some see as a Hail Mary pass to avert disaster. [CNBC]

Expats flea Bahrain amid chaos. [CNBC]

LIBOR probe widens! [CNBC via FT]

Yen approaches all time high. [Reuters]

Calls for 'bank holiday' in Japan.

[Reuters | Hat Tip: ZeroHedge]

Fukushima's Heroes . [NY Post]

An analysis of mortgage fraud settlement—and how it may benefit the banks. [DealBook via ProPublica]

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  Thursday, 17 Mar 2011 | 9:11 AM ET

Waking up With Nicole Lapin

Posted By: Nicole Lapin
lapin_waking_up_200.jpg

Don't wear green, it's cheesy. And don't kiss people you know, it's creepy. Just carry like any other Friday eve:

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  Thursday, 17 Mar 2011 | 8:50 AM ET

Did The Galleon Tapes Just Clear Rajat Gupta?

Posted By: John Carney
Rajat Gupta
Eric Piermont | AFP | Getty Images
Rajat Gupta

A wiretapped telephone conversation played earlier this week during the trial of Galleon founder Raj Rajaratnam reveals then-Goldman Sachs director Rajat Gupta disclosing confidential board information to Rajaratnam in 2008.

Oddly enough, it may wind up being the best defense Gupta has against civil charges of insider trading.

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  Wednesday, 16 Mar 2011 | 4:40 PM ET

Stocks Dip Again on Japanese Clear Worries

Posted By: Ash Bennington
  Wednesday, 16 Mar 2011 | 4:27 PM ET

What's Going on with the Japanese Yen?

Posted By: Ash Bennington

The Japanese Yen has been gaining strength against the dollar following the tsunami and Japan's subsequent nuclear crisis—so much so that I thought I was reading the chart backwards.

The general explanations given for the Yen's appreciation are currency repatriation and risk aversion.

In an article in the business blog City AM, Boris Schlossberg, Director of Currency Research, at GFT Forex explains :

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