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Today's News:
Angel Investors And Startups Mingle In Milwaukee
Fri, 10 Feb 2012 16:49:00 -0500
In this post-recession era, angel investor groups have stepped in to finance startup companies that banks and venture capitalists deem too risky. Twenty of those groups are in Wisconsin, including one that meets at a Milwaukee social club where local money is finding its way to local startups.
How Will Banks Divide $25 Billion Settlement?
Fri, 10 Feb 2012 15:00:00 -0500
Audie Cornish talks to Chris Arnold about how money from the robo-signing agreement will be spent. The settlement — worth about $25 billion — will bring a huge increase in loan modifications and provide small checks to people who lost their homes to foreclosure.
The Undertaker Who Helps Big Banks Write Death Plans
Fri, 10 Feb 2012 11:26:00 -0500
Dolores Atallo helps banks plan how they could go out of business without wrecking the economy. "You're technically writing your own funeral, down to the color of the flowers," she says.
Latest financial news - CNNMoney.com
The anti-Solyndra: Ford's Energy Department loan
Fri, 10 Feb 2012 21:27:42 -0500
The Energy Department's controversial loan program got some much needed help on Friday.
Obama budget: $901 billion deficit in 2013
Fri, 10 Feb 2012 19:01:57 -0500
President Obama will propose a budget on Monday that forecasts a $901 billion deficit in 2013, and includes plans to make targeted investments in areas like infrastructure while hiking taxes on the rich.
Mortgage deal means more foreclosures
Fri, 10 Feb 2012 17:12:51 -0500
Even as the $26 billion mortgage settlement helps hundreds of thousands of troubled homeowners, it will bring a wave of new foreclosures.
The Financial Page
James Surowiecki: Why the Chinese don’t spend.
James Surowiecki Mon, 30 Nov 2009 05:00:00 -0000
8220;China makes, the world takes.” For decades, that has been the motto of the Chinese economy, which is built on providing an endless supply of goods for the rest of the world to buy. But these days there’s a palpable sense that this needs to change . . .
James Surowiecki: Exit Through Lobby
James Surowiecki Mon, 12 Oct 2009 04:00:00 -0000
Resigning in protest is not in the American grain. Robert McNamara stuck around as Secretary of Defense even after he decided that the Vietnam War was a disaster; Colin Powell did the same during the Bush Administration’s push for war with Iraq; and in the lead-up to . . .
James Surowiecki: Will consumer spending really stay down?
James Surowiecki Mon, 05 Oct 2009 04:00:00 -0000
For all the uncertainty about the current state of the economy, everyone is sure of one thing: this recession has permanently remade American consumers, turning them from spendthrifts into tightwads. From cover stories on “The New Frugality” to stories about cheapness as a new status symbol and pundits . . .
Reuters: Business News
S&P suffers year's biggest loss as Greek deal falters
Fri, 10 Feb 2012 16:45:40 -0500
NEW YORK (Reuters) - The S&P 500 posted its biggest daily percentage decline thus far in 2012 on Friday after an about-face on Greece's long-awaited debt deal ended a five-week streak of gains for equities.
Anger in Greece as parliament to vote on bailout
Fri, 10 Feb 2012 20:56:23 -0500
ATHENS (Reuters) - Greek lawmakers will vote this weekend on a controversial austerity bill that Athens needs to avoid a messy default but which is fuelling a domestic political and social crisis that has brought thousands of Greeks out on the streets in protest.
Anxiety over incomes hits consumer morale
Fri, 10 Feb 2012 17:52:14 -0500
WASHINGTON (Reuters) - Americans felt worse about their personal finances in early February, but rising confidence in the labor market's prospects should help to support spending and the broader economy.
ABC News: Money
Bank Declares Live Customer Dead
Fri, 10 Feb 2012 12:48:42 -0500
Arthur Livingston, 39, a Bank of America customer, says the company has been reporting him as deceased to all major credit agencies since May 2009.
Uno's Chicago Grill Revamps Casual Dining With Healthier Options
Fri, 10 Feb 2012 19:40:34 -0500
ABC News’ Elizabeth Stuart reports: Uno’s Chicago Grill, home of the original deep-dish pizza, is flipping casual dining on its head. The idea: prepare some of the less healthy items in a more nutritious way — like pizza with multigrain crust — and other healthy...
Valentine's Day Savings: 20 Ideas to Spend Less
Fri, 10 Feb 2012 17:28:01 -0500
While the origins of Valentine’s Day show it as a day to celebrate love and romance, today, centuries later, it’s a day as much about spending money on your loved ones as it is about showing them your love. Last year, couples spent $1.7 billion...
BBC News - Business
Greek cabinet approves new cuts
Sat, 11 Feb 2012 00:14:21 -0000
Greece's cabinet approves a draft bill committing to austerity reforms required to get new bailout funds, amid warnings of "chaos" if parliament fails to ratify it.
New deals as stamp duty holiday ends
Sat, 11 Feb 2012 00:01:18 -0000
Buyers are being urged not to rush into hasty property transactions just to benefit from the stamp duty holiday which is due to end next month.
Barclays' profits fall to £5.9bn
Fri, 10 Feb 2012 12:59:18 -0000
Barclays reports a 3% fall in annual profits to £5.9bn, and cuts the bonus pool at its investment banking division by 32%.
The Economist: Business
Schumpeter: Of companies and closets
IN “LITTLE BRITAIN”, a television comedy, Daffyd Thomas, who insists he is “the only gay in the village”, tries to expose the homophobia of his fellow Welsh villagers by wearing outrageous clothes (bright red rubber shorts are a favourite) and picketing the local library. But he is constantly frustrated: the inhabitants of Llanddewi Brefi are all either tolerant or gay themselves.The corporate world is not yet as gay-friendly as Llanddewi Brefi. But attitudes have changed dramatically. Some 86% of Fortune 500 firms now ban discrimination on the basis of sexual orientation, up from 61% in 2002. Around 50% also ban discrimination against transsexuals, compared with 3% in 2002. The Human Rights Campaign (HRC), an American pressure group, measures corporate policies towards sexual minorities in its annual “equality index”. Of the 636 companies that responded to its survey this year, 64% offer the same medical

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