This year will be remembered for many things, most of them negative, brutish and just plain ugly. But 2008 will likely to go into the history books for other reasons, including a year that extended extraordinary gifts to strategic-minded investors. …
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Geithner Tapped for Treasury Secretary
Obama is likely to nominate Geithner to lead the Treasury. Geithner, president of the New York Fed, has been deeply involved in attempts to arrest the financial crisis and would bring a range of experience.…
Attention [9]:
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S&P 500 Down Nearly 50% in 2008
This is unprecedented in the history of the S&P: If this were to hold up for the rest of the year, it would be the worst 1-year performance in the history of the S&P Index*. Now, I’d like to know your opinion: Has this been overblown? I’m starting to think it has been overblown, which makes these times an excellent buying opportunity. …
Attention [1]:
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Obama might get rid of daylight saving time
President-elect Obama wants to get rid of daylight saving time in the United States to conserves energy. Turns out, according to two academics on the NYT Op-Ed page, there is little scientific proof that this reduces energy consumption. …
Attention [1]:
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Danger Room Debrief: How to do Defense, When the Money's Gone
This is the fifth of our Danger Room Debriefs, where we ask smart folks in the military, intelligence, and homeland defense fields to outline some under-the-radar security issues -- and point the way towards potential, often-unorthodox solutions. …
Attention [1]:
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Geithner Pick Lifts Stocks
Stocks rose on reports that Obama will name Geithner to be Treasury Secretary. The Dow industrials gained 300 points.…
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Op-Ed Columnist: The Lame-Duck Economy
The prospects for the economy look much grimmer now than they did a week or two ago. Yet economic policy, rather than responding to the threat, seems to have gone on vacation.…
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High and Low Finance: Looking to Washington Amid Turmoil, So Far in Vain
With the stock market plunging and the credit market freezing, cries are being heard for quick government intervention.…
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