World News Center
Get ready Peyton, Eli's coming
September 8, 2008Those rare sports fans who think there aren't enough Mannings in commercials can take heart. Peyton's little brother Eli is likely about to be Madison Avenue's new go-to guy.
Their Bear Stearns, your money
September 8, 2008Congratulations. You just bought Bear Stearns. You, me and all taxpayers.
Captain's Blog, Stardate: 3/3/08
September 8, 2008THE SHOW: Are we having fun yet? Me neither. My old pal Deep Blue keeps writing me about various stocks and such that might have upside, but then acknowledges it's hard to imagine much of anything working this year. Except cash, and you better hope that's real cash and not some sort of 'cash equivalent.' Still, there will be winners and losers. I'm sorry I know there will be fits and starts but I really don't see the non-dollar commodity run crashing on us. (See Buffett, Warren on the Brazilian real.) Gold is the new greenback kind of deal....Kudos to hedge fund manager Phil Goldstein who is suing the S.E.C. to lift its ban on advertising. It's just garbage that the hedgies can't do this, and garbage that they can't publically release their returns either. (We all find out, anyway.) All of this is just a holdover from when hedge funds were a tiny, exclusive slice of the financial services pie. Newsflash: they no longer are! Goldstein told the FT: "gun shops are allowed to advertise, the Massachusetts state lottery is allowed to have a website. We want to be treated like any other business." Now obviously there has to be a limit on hucksterism here, but mutual funds and broker dealers abide by those types of limits just fine. Bring on the hedgies I say!......Guess Jarrett Lillien didn't get the brass ring at Etrade. (Don Layton, formerly of JP Morgan Chase did.) How often do 'acting' heads ultimately get the job?.......Questions: Is Dell over? Is Google over? Is Facebook over before it started? See what some nasty economic weather can do to your brain!
Ohio State beats LSU...
September 8, 2008There has never been a better year for upsets in college football than 2007. But there's one place where the traditional powerhouses still dominate -- in the rankings of revenue and profits.
StubHub's winning ticket
September 8, 2008When the Patriots try to finish off an undefeated season tonight, thousands of Pats fans will come out to Giants Stadium and thousands of Giants season ticket holders will be counting the money they collected by selling them the tickets.
Captain's Blog, Stardate: 1/23/08
September 8, 2008DAVOS: Given worldwide financial jitters, I think the sense of urgency at Davos is palpable. If there was ever a need to have an intelligent truly global debate, it is now. The issues here are pressing and real-time. Attendees from outside the U.S. are feeling penalized, and there is real concern that the U.S. doesn't have the leadership to respond properly, and that that response may become overly political given the ongoing campaign.
Hillary's modest proposal (to wreck the housing market)
September 8, 2008Hillary Clinton is no dummy. Even her detractors know that. And yet in last night's Democratic presidential debate in Nevada, Clinton floated what is perhaps the dumbest solution to the current mortgage mess I've heard from a top presidential contender.
Cuban: Quieter and moving closer to Cubs
September 8, 2008How do you get famous NBA bad-boy owner Mark Cuban to shut up and play nice? Simple: Dangle in front of him the chance to buy one of the most attractive franchises in sports.
Tonight's big NFL game most can't see
September 8, 2008Michigan-Ohio State. Yankees-Red Sox. Duke-North Carolina. Cowboys-Packers. When bitter sports rivals backed by massive resources face off against one another, fans are typically the winners.
Captain's Blog, Stardate: 12/17/07
September 8, 2008ON CITI AND MERRILL: Take a step back and think about the removal of Chuck Prince and Stan O'Neal and the ascension of Vikram Pandit and John Thain at Citi and Merrill respectively. Talk about tradin' in and tradin up! No question both institutions end up with much better CEOs.
