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Scaling ICT for the Evolving Developing World

William Brindley | Posted 05.25.2011 | Impact
William Brindley

VSAT (Very Small Aperture Terminal) systems require little or no field construction; placed outside, a VSAT system consists of a 3-meter-large earth station that connects to an orbiting space satellite.

New In-depth Report Challenges Obama Small Business Track Record

Lloyd Chapman | Posted 05.25.2011 | Business
Lloyd Chapman

The American Small Business League (ASBL) has concluded an examination and report on President Barack Obama's track record for small businesses, and u...

Kenneth Feinberg, Obama's Pay Czar, Blasts Goldman Sachs CEO's $9M Payday (WATCH)

Posted 05.25.2011 | Business

Obama's pay czar isn't happy with the $9 million payday that Goldman Sachs is set to give its CEO, Lloyd Blankfein. In an interview with Bloomberg...

John Thain To Lead CIT

AP | STEPHEN BERNARD | Posted 05.25.2011 | Business

NEW YORK — John Thain is getting a second chance. CIT Group Inc., the lender that is trying to regain its former stature after almost collapsin...

Investor Carl Icahn Volunteers to Loan CIT $6 Billion To Stay Afloat

AP | STEPHEN BERNARD | Posted 05.25.2011 | Business

NEW YORK — In another sign that CIT Group Inc. is struggling to restructure its debt, billionaire investor Carl Icahn offered the lender a $6 bi...

CIT Bankruptcy Filed: US Will Likely Lose $2.3 Billion, Goldman Sachs Will Gain $1 Billion

AP / Huffington Post | By STEPHEN MANNING | Posted 05.25.2011 | Business

WASHINGTON -- Lender CIT Group has filed for Chapter 11 bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing...

What U.S. Bailout Money Could Do For The Rest Of The World

Huffington Post | Victoria Fine | Posted 05.25.2011 | Impact

Ever wonder how all that money spent on government bailouts of U.S. companies and banks could have been spent differently? The Business Insider did. O...

TARP Recipients Still Failing

Reuters | Posted 05.25.2011 | Business

Thirty-three TARP recipients missed a scheduled dividend payment to taxpayers last month, according to the Treasury Department, including 18 banks tha...

Get ready to grow your business this year

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Resolve to grow your business in 2010. But if you have not started your company yet, resolve to launch it.

Is There a Change In the Weather at Goldman Sachs?

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

A news item appeared this week that at least seems to offer reasonable hope that Goldman is beginning to use its good fortune to help remedy the foundering fortunes of Main Street America.

CIT's Bankruptcy Is Not Doomsday for Small Businesses

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

CIT has been a stalwart lender for small businesses. But there are alternatives if you look for them.

Goldman Sachs Will Earn $1 Billion If CIT Fails; U.S. Taxpayers Will Lose $2 Billion

Financial Times | By Henny Sender and Saskia Scholtes | Posted 05.25.2011 | Business

Goldman Sachs stands to receive a payment of $1bn -- while US taxpayers would lose $2.3bn -- if embattled commercial lender CIT files for Chapter 11 b...

TARP Failures Keep Taxpayers On The Hook; 33 Companies Miss Payment

Posted 05.25.2011 | Business

According to The Washington Post, 33 companies that received a portion of TARP's $700 billion have not paid the federal government their most recent d...

Small Business Issues Should Be Big News in Mainstream Media

Lloyd Chapman | Posted 05.25.2011 | Business
Lloyd Chapman

Commercials targeted at small business owners are becoming more common. . It seems advertisers on major television networks have figured out something news producers haven't.

Hey, What About CIT?

Leo Hindery, Jr. | Posted 05.25.2011 | Business
Leo Hindery, Jr.

We haven't at all reformed Wall Street, we've just resurrected it. Then when it comes to saving the one institution that's necessary, we can't find the political will to do so.

CIT Gets $3 Billion Rescue Loan To Prevent Bankruptcy

AP | STEVENSON JACOBS and DANIEL WAGNER | Posted 05.25.2011 | Business

NEW YORK — Commercial lender CIT Group Inc. confirmed late Monday that it has secured a $3 billion bailout from its bondholders, averting an imm...

1 Million Small Businesses Are Now At Risk

Nanette Lepore | Posted 05.25.2011 | Style
Nanette Lepore

I don't know what they are thinking down there in Washington, but the truth is that small businesses will not be able to finance their situations without CIT.

Obama Should Provide Financial Options to CIT Customers

Lloyd Chapman | Posted 05.25.2011 | Politics
Lloyd Chapman

Obama should take a closer look at his administration's policies involving CIT and the over 40 million voters that could be impacted by those decisions. 2012 will be here before you know it.

The "Financial System" vs. The Real World

Reese Schonfeld | Posted 05.25.2011 | Business
Reese Schonfeld

The Administration continues to proclaim that we will create new jobs through small business and entrepreneurship. That's going to be very hard to do with CIT gone.

CIT Explained: What If It Fails?

AP | CANDICE CHOI | Posted 05.25.2011 | Business

NEW YORK — You may not have heard of CIT Group Inc., but there's a good chance you've shopped in stores that it helps keep in business. The New...

Goldman, J.P. Morgan and Wall St.'s Original Sin

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

What is the origin of Wall Street's sin? And, just as importantly, who or what is responsible?