Word: bankses
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This weekend will see hundreds of thousands of spectators flock to the banks of the River Charles for the annual Head of The Charles weekend.
Numerous food and beverage vendors will line the banks of the river, and this will mark the first year of the Eliot Bridge Enclosure—a hospitality tent that will set back participants $60 each day to enjoy food and other amenities.
A growing chorus of market watchers says no. The concern is that the stock market is overwrought and that down is the only sensible direction to head. Sure, individual companies have been quick to bounce lower based on bad news. Both insurance outfits and financial firms lost ground on Tuesday...
It looked like a success story, and then the recession came. Did we make mistakes? Of course we did. The property boom got too big, the banks borrowed too much. Our regulation system, and we all have to take responsibility for this, wasn't picking up everything...
The report sounds fantastical on its face, and Muhammad al-Jasser, Saudi Arabia's central bank governor, lost no time in branding it "absolutely incorrect." But the fact that these assertions are being made at all shows how seriously confidence in the dollar has been shaken. The world's central...