Word: happeners
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...into the market. That last ingredient showed up when GE (GE) disclosed that S&P had cut its coveted AAA rating to AA+. Some expected the downgrade to be worse or that S&P would indicate it saw more bad news coming for the large conglomerate. That did not happen. So, the news was "better than expected" and whatever gravity had been holding stocks down disappeared. The news about GE shows how perverse the market has become and also serves as a reminder of how stock investors and economists can be blinded by a drop of water in what...
...There are several reasons this may not happen and they will make being in the business of making and selling new cars less attractive even when the recession ends. The U.S. car companies will have to augment what they do now to become profitable and remain profitable because the business that they were in for a century has changed too much. (See the 50 worst cars of all time...
...have to think outside the box, you have to be creative, and I feel that the issue of the decriminalization, regulation and taxation of marijuana fits that bill. It's not new, the idea has been around, and the political will may in fact be there to make something happen." (See pictures of stoner cinema...
...State regulation, protection, and intervention do not necessarily mean economic isolation from the rest of the world. But, when faced with a choice, we should certainly favor regulation over protectionism. If strong global regulation doesn’t happen, then the most sensible thing for many countries will be to shelter themselves from the rest of the world...
...Secretary of State Hillary Clinton and China's Foreign Minister, Yang Jiechi, both agreed on Wednesday that China and the U.S. should work to ensure that incidents like Sunday's showdown in the South China Sea "do not happen again." The incident in question involved several Chinese naval vessels harassing a U.S. surveillance ship off the island of Hainan. But despite the soothing words of the two top diplomats, it's a safe bet that more such incidents can be expected in the future. The Pentagon was quick to note that the mariners aboard the U.S.N.S. Impeccable were civilians working...