Here is a bloomberg story quoting Jochen Hitzfeld, an analyst at UniCredit SpA in Munich. “Agricultural commodities will outperform the broad commodity indices in 2009,” Hitzfeld wrote in a research note this week. “If key crop-producing countries then impose export bans again and speculators drive up prices via physical stockpiling and futures contracts, new food […]
READ MORECharities Need Your Help
In the spirit of Thanksgiving, I think everyone should consider that as much as the economy and the stock market may be hurting you, its hurting other people and institutions even more, especially charities and non-profits. Judging just from my ability to give money this year, non-profits are in for a world of hurt. This […]
READ MOREFord’s CEO pay package and the Bailout
In April, Ford reported Mr. Mulally received $2 million in base salary, a $4 million bonus and more than $11 million of stock and options in 2007. His base salary was unchanged over 2006. Mr. Mulally has earned nearly $50 million in compensation since taking the helm of the auto maker. Why exactly are we […]
READ MOREWhy the Big Three Shouldn’t Be Bailed Out
This is an excellent blog post from Mark Perry’s Carpe Diem blog on how Honda is actually expanding in this country: Honda expands
READ MORENew Yorker Article on Agriculture
This is a good article from the NewYorker highlighting the problems with agriculture that I’m worried about. Agriculture Efficiency article
READ MOREWho owns these stocks?
After months of internal debate at Goldman, the seven top executives at the firm, including Chief Executive Officer Lloyd Blankfein, asked the board’s compensation committee to grant them no bonuses. The board approved the request on Sunday. The executives will only be eligible for their base salaries, $600,000 for each. A firm spokesman said the […]
READ MOREAdversity and Underprivilege
There is a fascinating article in the New Yorker by Malcolm Gladwell on how outsiders and the underprivileged sometimes have an an advantage. He profiles Sidney Weinberg, the guy who transformed Goldman Sachs into a powerhouse, and how he came from a very poor upbringing. Its a really good read. Malcolm Gladwell on adversity
READ MOREThe End of Wall Street?
A very good article by Michael Lewis, asking that very question: Michael Lewis and the End of Wall Street
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