Wall Street

Morning Roundup: The Prodigal Loan

  • When people say they’re mad at all the banks for not lending to businesses and getting the economy going again, you can tell them they’re crazy, because commercial and industrial lending rose by a whopping 0.2 percent in the fourth quarter. [WSJ]
  • Aggressive cost-cutting by the airline industry worked out okay until Read More

Wall Street

Morning Roundup: A Real Need for Bonuses

  • Even though their salaries have risen substantially in recent years, it would still hurt Wall Street employees’ feelings if they didn’t get any bonuses this year. [NYT]
  • The accountants at Ernst & Young are in trouble with the state of New York for allegedly twiddling their thumbs and whistling to themselves as Read More

Bailouts

Here Are A Few Winners of the Fed Bailout Sweepstakes

The Federal Reserve’s $3.3 trillion in bailout maneuvering during the past three years of financial apocalypse has been complicated, and so it’s difficult to isolate one particular “winner” from the many, many institutions who benefited from the central bank’s largesse. But let’s give it a shot anyway.

According to Bloomberg, “Bank of America Corp. Read More

Self Interest as the Driver of National Climate and Energy Policy

This weekend found President Obama hitting every Sunday TV talk show to talk up health care policy. For some environmental advocates, this focus deepened their concern that the United States would lose this moment and punt on climate policy. However, take heart, this week the U.N.’s climate summit begins in New York and the President Read More

Mon Dieu! Americans Behind Europe Record-Breaker

Wowza! Apparently they buy buildings in Paris too.

Naturally, it’s a bunch of burly American I-bankers who made the biggest single-asset deal in European history.

Lehman Brothers has purchased Coeur Defense, a series of five buildings, from Goldman Sachs for 2.11 billion euros, or $2.8 billion U.S. dollars. It’s a record for the overseas bunch. Read More

How the Jewish Lobby Helped Save My Family

My people came to this country in the ten years either side of 1900. They were afraid of the pogroms in Russia and Eastern Europe, they came from Poland, Bukovina, Bialystok, to Brooklyn and the Lower East Side.

Some day someone should make a Schindler’s List-like movie of the guy who helped bring us Read More

Satan, Meet Norman

The Castle in the Forest, by Norman Mailer. Random House, 477 pages, $27.95.

Norman Mailer’s first novel in over 10 years has a couple of big surprises right off the bat. One is physical, the other spiritual. As to the first, the welterweight from Brooklyn turns 84 at the end of the month; you lift Read More

Cushman & Wakefield Promises Big News at Press Conference

Cushman & Wakefield, one of the biggest commercial brokerages in New York City, has called a press conference at 10:30 on Tuesday morning at the Rainbow Room. A spokesperson for the brokerage told The Real Estate that “big news” would be announced, possibly involving a merger or acquisition.

Will this press conference have an Read More

Herzl's NFP. And Our NYT.

At last week’s conference on “Freud’s Jewish World” at the Center for Jewish History, two scholars talked about journalism. Freud lived an upper middle class life in Vienna, and until he fled Nazism as a dying man, he read the paper that all professionals read: the Neue Freie Presse (pronounced, Noi-a Fry-a Press-a).

The Read More