“With Passover near and our excitement that spring is finally here, we thought we’d check on the current state of kosher Riesling by picking up every one we saw to find out if they’re still consistently tasty. They are not as plentiful as some other kinds of kosher wines, but we found enough for a […]
“With the slide in banking stocks, the Dow Jones Industrial Average closed down 119.15 points, or 1.66%, at 7062.93, marking its lowest point since April 1997 and surpassing its previous bear-market low of 7114.78, hit on Monday.” more@WSJ.com
“But the controversy only enhanced his popularity. In the months after the ban, he released an album, “A Poshiter Yid” (A Simple Jew), with a title song that could serve as a Yiddish version of Gloria Gaynor’s “I Will Survive.” The chorus concludes, “I am still not a Tzadik (a righteous one), still I don’t […]
In the tug-of-war for stock-exchange listings, the Nasdaq Stock Market’s growing arsenal of weapons is helping it gain ground. With promises of big-screen appearances in Times Square and detailed intelligence on share trading, Nasdaq attracted companies with $80 billion of market capitalization to switch from the New York Stock Exchange in 2008. The milestone nearly […]
“When allegations about the working conditions at the company first came to public attention through my 2006 reporting, these Orthodox rabbis vouched for the company. But a group of progressive, socially engaged, and mostly clean-shaven rabbis decided to visit the plant themselves. After a tour of the plant and town, these rabbis said that while […]
“As the mind boggling details of the biggest financial swindle in history continue to unfold, we learn today that the alleged perpetrator, Bernard Madoff has been granted conditional bail by a NY Judge. The judge in the fraud case has set new conditions for his bail, including a curfew and ankle-monitoring bracelet for the disgraced […]
“They can do anything they want,” said Earl Snyder, president of Snyder Construction Co. in Englewood, Fla., whose construction lender, Freedom Bank, was taken over by the FDIC on Halloween. Four days later, Mr. Snyder met with FDIC officials, and was told that he had 60 days to pay off his $2 million construction loan […]
New York state officials have begun examining middlemen in the market for credit-default swaps, as they comb for potential evidence of manipulation in the largely unregulated world of CDS trading. The latest focus of regulators’ inquiry are firms known as interdealer brokers, or the generally small, independent shops that serve as matchmakers for Wall Street […]
To this day, the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars to dispense investment advice to grownups remains a mystery to me. I was 24 years old, with no experience of, or particular interest in, guessing which stocks and bonds would rise and which would fall. The […]
“Philip Falcone, Kenneth Griffin, John Paulson, James Simons and George Soros on Thursday are expected go before the House Committee on Oversight and Government Reform. They will have several minutes each to make opening remarks, then will field questions from lawmakers, according to a committee spokeswoman.” “Mr. Baker and others say hedge funds aren’t responsible […]
Bear Stearns figures prominently for the New York Fed. The firm, heavily involved in fixed-income securities, sustained a rapid-fire implosion last March. It was the first major casualty of the credit crisis.The prospect of the bank’s collapse was so worrisome it forced a radical intervention by the Fed to forestall an outright failure, the first […]
