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Neel Kashkari, Bailout Chief: ALL YOU NEED TO KNOW

Huffington Post | Dave Burdick | Posted 05.25.2011 | Business

INTRODUCING NEEL KASHKARI Shortly after the passage of the $700 billion bailout package, the world was introduced to Neel Kashkari, a 35-year-old Ass...

Fed Refuses To Identify Recipients Of $2 Trillion In Emergency Taxpayer Loans, Bloomberg Sues For Info

Bloomberg | Mark Pittman, Bob Ivry and Alison Fitzgerald | Posted 05.25.2011 | Business

The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the...

Government Adds $40 Billion To Aid For AIG

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — In a record bailout of a private company, the government on Monday provided a new $150 billion financial-rescue package to troubled...

Goldman Sachs, Morgan Stanley, Bank Of America Bonuses To Shrivel

New York Post | Posted 05.25.2011 | Business

Indeed, sources said some Wall Streeters will see their bonuses shrink by 25 percent to 40 percent, while others are set to get zilch when year-end pa...

Money and Fear

Dr. Belisa Vranich | Posted 05.25.2011 | Business
Dr. Belisa Vranich

Illusion of control makes everything tolerable. Problem is, we are plum out of illusions.

Starbucks 4Q profit drops 97 pct on closure costs

AP | LAUREN SHEPHERD | Posted 05.25.2011 | Business

NEW YORK — Fewer U.S. customers and venti-sized costs for closing poorly performing stores led to lower sales and profit in the fourth quarter a...

Wall Street falls, unable to shake economic woes

AP | MADLEN READ | Posted 05.25.2011 | Business

NEW YORK — Wall Street caved in to its economic anxieties and closed lower Monday, giving up an early rally over a stimulus package in China and...

Bretton Woods II

Vince Farrell | Posted 05.25.2011 | Business
Vince Farrell

A crisis in the U.S. is a worldwide crisis. Only the dollar has a large enough global presence and a measure of trust to be used as the "reserve" currency for the world.

Yes Malia, There Are Republicans

Brian Oxman | Posted 05.25.2011 | Politics
Brian Oxman

Nobody will see a Republican for many years, but that is not a sign there are no Republicans.

Berkshire Hathaway Profit Falls 77 Percent, Fourth Straight Profit Drop

Bloomberg | Erik Holm and Linda Shen | Posted 05.25.2011 | Business

Billionaire Warren Buffett's Berkshire Hathaway Inc. posted a fourth straight profit drop, the longest streak of quarterly declines in more than a dec...

Larry Summers' True Record on Women

Sheryl Sandberg | Posted 05.25.2011 | Business
Sheryl Sandberg

Many people note that our nation has few economists with Larry Summers' intelligence. They should also know that we have few leaders, if any, in the financial world who have done more for women.

Pelosi Wants New Economic Stimulus Plan To Include Green Measures

Grist | Posted 05.25.2011 | Business

In her post-election press conference yesterday, House Speaker Nancy Pelosi (D-Calif.) affirmed her desire that a new economic stimulus plan -- which ...

Obama to center stage, promises action on economy

AP | NEDRA PICKLER and TERENCE HUNT | Posted 05.25.2011 | Business

CHICAGO — Inheriting an economy in peril, President-elect Obama warned on Friday that the nation faces the challenge of a lifetime and pledged h...

Obama Chief Of Staff Rahm Emanuel's Wasserstein Perella Years

DealBook | Posted 05.25.2011 | Business

President-elect Barack Obama's choice to be his chief of staff, Rahm Emanuel, is already well-known in the halls of Washington for serving as an advis...

Holiday outlook turns grimmer after dismal October

AP | ANNE D'INNOCENZIO | Posted 05.25.2011 | Business

NEW YORK — Retailers suffered through the weakest October in at least 39 years, despite frenzied price cutting as they desperately try to pull i...

Obama's Massive Economic To-Do List

New York Times | Posted 05.25.2011 | Business

The New York Times breaks down the massive tasks at hand for President-elect Barack Obama when he steps into the Oval Office: Few presidents have ent...

Stocks tumble, lose 10 percent in 2-day rout

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street plunged for a second day, triggered by computer gear maker Cisco Systems warning of slumping demand and retailers reporti...

Goldman Sachs Layoffs To Number 3,200

DealBook | Posted 05.25.2011 | Business

Goldman Sachs notified roughly 3,200 employees this week that they have been laid off, part of previously reported plans to slash 10 percent of the fi...

Warren Buffett's Berkshire Hathaway Expected To Report Lower Earnings Friday

CNBC | Posted 05.25.2011 | Business

Warren Buffett's Berkshire Hathaway is expected to report a decline in quarterly operating earnings for the third quarter, its fifth consecutive year-...

Stocks plunge anew as recession worries resurface

AP | SARA LEPRO and TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — A case of postelection nerves sent Wall Street plunging Wednesday as investors looked past Barack Obama's presidential election and r...

Lehman CEO Fuld To Be Terminated Without Golden Parachute

New York Times | Posted 05.25.2011 | Business

The chief executive of the failed Lehman Brothers, Richard S. Fuld Jr., will be "terminated" by the investment firm without any bonus, a lawyer for Le...

Senior Risk Officer For Collapsed Bear Stearns Now Senior Fed Official Overseeing Banks

New York Times | Dealbook | Posted 05.25.2011 | Business

The former chief risk officer at investment bank Bear Stearns , which nearly collapsed in March, is now a senior official of the Federal Reserve divis...

Obama Under Pressure To Pick Treasury Secretary Quickly (SLIDESHOW)

Huffington Post | Dave Burdick | Posted 05.25.2011 | Business

President-elect Barack Obama may feel some pressure to pick a new Treasury Secretary very quickly. BloggingStocks suggest that if the Obama picks a Tr...

Experts Pick Best Stock Buys In An Obama Market

Huffington Post | Posted 05.25.2011 | Business

Bloggingstocks has culled together two lists of companies to watch -- and invest in -- depending on whether John Mccain or Barack Obama was elected t...

Republicans Vacating Washington Have To Sell Homes In Terrible Market

New York Times | Catherine Rampell | Posted 05.25.2011 | Business

Democrats, don't put away the celebratory booze just yet. One of the world's greatest opportunities for schadenfreude is about to present itself, as a...