1.MOSCOW – Russia’s Prime Minister Vladimir Putin has put his signature on one of the strangest mine prospector’s pay-sheets drafted in the history of mining. For companies such as listed and cash-rich Chinese goldminers Zijin Mining Group and Zhongjin Gold Corp, now experiencing almost vertical share-price takeoffs, Putin’s message is to stay away, at least …
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1. A legendary investor on why the UK economy is doomed He’s said it before, but Jim Rogers this week fleshed out his concerns for the British economy. 2.Overall investors have mainly been focusing on dividend cuts in 2009. I believe that most stocks that pay out dividends are cyclical in nature. Thus, they do …
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1. The Obama administration unveiled its plan to remove toxic assets from the books of the nation’s banks, betting that it can revive the U.S. financial system without resorting to outright nationalization. Treasury Announces $1 Trillion Public-Private Plan to Buy Banks’ Bad Debt From the Blog World: Barry Riholtz: Public-Private Investment Program TARP Part II …
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1. The financial crisis and economic downturn are likely to put upward pressure on government debt. The trouble is, according to OECD in Figures 2008, public debt (general government debt, which includes central and local government) had already risen quite sharply in the OECD as a whole since 1987, from 59% of GDP to 75% …
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1. Three more banks were shutdown today. They were TeamBank, National Association, Paola, KS , Colorado National Bank, Colorado Springs, CO and FirstCity Bank, Stockbridge, GA. The full list of failed banks in 2009 can be found at the FDIC page Failed banks list. 2. List of Banks by Country – from Wikiepdia 3. Get …
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