With the Dow Jones industrials average surging more than 300 points, Wall Street commenced the second quarter in positive territory. Investors picked themselves up from the sidelines in an optimistic fashion, hoping that the worst of the credit crisis was behind them. Top among the gainers Tuesday were financial stocks with Lehmann and UBS adding […]
Brave New World, Same Old Story
101 years after the original JP Morgan bought out a failing financial company in order to prevent an economy-troubling panic on Wall Street, the scion of JP Morgan arranged a saving buyout of the failing Bear Stearns, Inc. financial institution from the same motivation. The problem is, that first buyout by the first JP Morgan […]
Equities To Close Quarter At A 4-Year Low As Wall St. Prepares For Paulson Plan
According to emerging reports, stocks are moderately higher on Wall Street despite a sell-off in Asian stock bourses. The mixed open in New York comes amid anticipation of Treasury Secretary Henry Paulson’s plans to overhaul the regulatory system on Wall Street. Also coming up on Monday is much-awaited data from the manufacturing industry. Monday, incidentally […]
Paulson Plan To Re-Regulate Wall Street Following Near Collapse Of Bear Stearns
After the near collapse of investment banks like Bear Stearns, Wall Street is awaiting an overhaul of its regulatory system. The re-regulation was announced by Treasury Secretary Henry Paulson last week, reports the Associated Press. Essentially, the plan will consolidate power into the Federal Reserve, giving the financial institution more oversight into the wheelings and […]
Kenya Back to Normal
by Rebecca Wanjiku It is funny how life can turn around. A country that was tilting on the edge and threatening to follow the legacy of Africa’s failed states, is now back to full life and life is back to normal. Residents of Nairobi, who were adverseries and concerned about their ethnic background, are now […]
Bush’s Bungling
To begin, the W in the White House has decried practices such as “isolationism” in order to justify intervening in the affairs of other nations at will. Next, W has been very lenient with illegal immigrants (most of whom come from Mexico), citing that they are only coming here because the United States offers them […]
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