Lehman's Golden Parachutes Were Being Secured While Execs Were Pleading For Federal Rescue

As well, executives who feared for their bonuses in the company's last months were told not to worry, according to documents cited at a congressional hearing. One executive said he was embarrassed when employees suggested that Lehman executives forgo bonuses, and cracked: "I'm not sure what's in the water." Saved By: LaVaughn | View Details | Give Thanks
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Mark your calendars. The crash of the U.S. economy has begun. It was announced the morning of Wednesday, June 13, 2007, by economic writers Steven Pearlstein and Robert Samuelson in the pages of the Washington Post, one of the foremost house organs of the U.S. monetary elite.
A dangerous specter once again haunts our economy, our pocketbooks, and the value of almost every asset. It is called inflation.
Instead of all these power tuning articles it is refreshing to find one that tells us how we can easily make our cars use less gas - especially with the rising cost of pump fuel without resorting to major engine work.
Advances in terms of knowledge - both in financial mathematics and information technology - appear to have strongly contributed to the growth of the credit derivative market. Credit derivatives allow a more efficient trading, pricing, and allocation of existing credit risks among various market participants.
Torquecars exposes the myths around expensive high octane fuel. Does it give better economy? Is it more powerful? Is it suitable for all engines? A very informative read that the marketing men at fuel companies would not want you to read.
As a steady stream of bad U.S. economic news accumulates, one wonders when the stock market will finally take notice. After years of highly effective spin coming from Washington and Wall Street, stock investors must re-learn how to recognize bad news, and to stop making lemonade out of every economic lemon that comes their way.
Wall Street carved out a solid advance Friday after data on job creation, manufacturing and inflation injected the market with renewed confidence about the economy and sent major indexes to record closes.
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The influx of cheaply-made Chinese goods represent the same thing to 'America the Global Superpower' as the smallpox-infected blankets of the early American settler did to the Plains Indians of the day.
China delivered a three-combo punch in order to rein in their economy. All three moves, when looked at separately, will have an ever so slight effect on the economy. But pushing all three through on the same day may deliver an impact....
When last we looked, a big part of the U.S. economy was related to real estate, therefore it was curious to see the reaction to tough news during the past week.
You here about Dubai and it sounds like it is going to be and is such an amazing place. There are all types of fantastic architecture going up everywhere as well as the newly created islands. Here is some background information on this fascinating city.
The national average for gas is just over $3.19 per gallon, according to AAA's Daily Fuel Gauge Report -- up 34 cents from last month and above the Energy Information Association's record last week of $3.10 per gallon. Both prices top the former record of $3.07 set on Sept. 5, 2005, after Hurricane Katrina slammed the Gulf Coast.
You are from birth either a creditor or a debtor. As an adult, you are probably both. Workers are creditors in their capacity as pension owners. Workers are debtors in their capacity as home owners carrying a mortgage. There is a balance between household debt and credit.
Dried apples preserved with a cancer-causing chemical. Frozen catfish laden with banned antibiotics. Scallops and sardines coated with putrefying bacteria. Mushrooms laced with illegal pesticides. These were among the 107 food imports from China that the FDA detained at U.S. ports just last month. For years, U.S. inspection records show
SERIOUS ECONOMISTS never much liked the Euro. Then again, serious economists never much bothered to make money from trading. John Maynard Keynes just goes to prove it.
America's largest corporations' overseas subsidiaries are booming even as their American operations stagnate. General Electric expects more than half its revenue this year to come from outside the U.S. for the first time.
This is not your father's housing market, nor your grandfather's, for that matter. For them, steadily rising - but basically stable - home values seemed (more or less) a given. Recent news suggests that that situation may be a thing of the past.
Gasoline Prices Set New Records As Oil Futures Rebound on Nigeria Protests and Supply Worries
As with most faulty economic doctrines, the claim that economic growth causes price inflation isn't just wrong, it's exactly backwards.
Anyone who says the dollar is weak after it fetched a record-low $1.3681 against the euro and the fewest pence against the pound in 25 years is expressing a euphemism.
Read about why Brazil is becoming a top emerging economy with a strong market. They are making some great improvements and becoming more efficient.
Our Congress has yet to pass any legislation is response to the mounting troubles in the housing market. Without intervention, many of our 'American Dreams' may become a foreclosure nightmare.
Stop being a compliant consumer. Face the ugly truth. Don't get fooled by the stock market.
Tell any Beijinger that the International Energy Agency believes China will overtake the United States as the world's biggest emitter of carbon dioxide either this year or next, and they will not be surprised.
The dollar gave up more ground to the euro, which climbed to within one cent of its all-time high, and the pound neared $2 Monday. Movement against the dollar could drive up the price of exports and tighten the pinch for travelers to Europe just as the tourist season approaches.
The number of Americans filing new claims for unemployment benefits rose last week to the highest level in two months.
Since the 2008 election battles are already well under way, pressures toward protectionism to steal from others to line constituents' pockets are intensifying. Through their patrons in Washington, industries and unions are pushing even harder for what amounts to delegated government taxing power over their consumers, using the offer of election yea
The White House says the economic surge that began five and a half years ago on President Bush's watch is more robust than the much-touted expansion during the Clinton administration.(via drudge)



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