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The Fed didn't tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day.
Italy plans to cut public-sector jobs, overhaul the tax system and introduce incentives for venture-capital investments, the Finance Ministry said in a letter to the European Commission. Italy plans to raise its retirement age faster than other European Union countries and to cut 300,000 public-sector jobs by 2014, according to the letter, a copy of which was obtained by Bloomberg News.
We have been in constant contact with Brookfield and yesterday they requested that the city assist it in enforcing the no sleeping and camping rules in the park ... But make no mistake -- the final decision to act was mine.More quotes »
Newsday's coverage
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U.S. political stalemate powers stock sell-off
Despairing over debt at home and abroad, investors unloaded stocks Monday and sent the Dow Jones industrial average down more than 300 points. Stock markets also fell sharply across Europe.Bloomberg News was reporting that the sell-off pushed the Standar Read more »
Around the web
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JPMorgan, HSBC Implicated by Informant Bank in Canada Libor Case
Feb. 15 (Bloomberg) -- JPMorgan Chase & Co., Deutsche Bank AG and HSBC Holdings Plc are among at least seven firms accused by another bank of participating in a conspiracy to manipulate the price of derivatives worldwide for more than three years. The un 4:32 AM from BusinessWeek Read more »
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Australia and N.Z. Consumers Show Signs of Resilience: Economy
Feb. 15 (Bloomberg) -- Australian and New Zealand consumers are showing signs of resilience as slower growth in Asia and Europe’s debt crisis inhibit a global expansion. Australian consumer confidence advanced 4.2 percent this month to the highest level 3:49 AM from BusinessWeek Read more »
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Pot-Smoking Kevin Bacon Wrangles With Car-Crash Addict Dad: Film
Feb. 15 (Bloomberg) -- Jim Caldwell rushes to the scene every time he hears about a car crash. He has to look at the wreckage, inspect the mangled, gore-spattered bodies and speculate on the victims’ last thoughts. Jim is the wealthy patriarch of Billy B 3:45 AM from BusinessWeek Read more »
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Kinky Brothel Games Intrigue in ENO’s Quirky ‘Hoffmann’: Warwick Thompson
Georgia Jarman (Antonia) and Clive Bayley (Dr. Miracle) in "The Tales of Hoffmann" by Offenbach at English National Opera in London. Director Richard Jones uses an exaggerated visual style to tell the story of Hoffmann's three loves. Georgia Jarman (Anto 3:37 AM from Bloomberg.com Read more »
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Has the Yen Turned a Corner?
By Takashi Mochizuki Bloomberg News Japanese yen notes. A growing number of forex market players say that the era of the strong yen may be drawing to a close, with the currency’s sharp fall on Tuesday’s easing by the Bank of Japan the latest sign that tr 3:04 AM from Wall Street Journal Blogs Read more »