Items of Interest:
New York Times:
Brown Details G-20 Pact on Stimulus and Banking Rules — LONDON — Attempting to bridge deep divides in policy and financial philosophy, the leaders of nearly two dozen of the world's largest economies agreed Thursday to a broad array of new fiscal and regulatory steps, in a desperate effort to revive the paralyzed global economy....
Wall Street Journal: Obama Hits Resistance at G-20Jane Wardell / Associated Press: G-20 to give $1 trillion to IMF, World BankJohn Lorinc / Green Inc.: Environment on the Agenda at G-20 MeetingAnthony Faiola / Washington Post: U.S. Signals New Era for Global EconomyAndrew Sparrow / Guardian: G20 summit: live from the ExCel centreJoshua Keating / FP Passport: Tax havens? Seriously?Krooney / TIME.com: G-20 Time — President Obama has joined other world leaders …
Two and a Half Cheers for G20 Triumph -- Forget the stage-managed rows, walkouts and last-minute reconciliations, today's G20 summit will end in agreement, amity and mutual congratulation. The summit's success is preordained in two and a half ways...
Guardian: G20 to unveil $1tn boost to world economy
Obama’s Ersatz Capitalism -- THE Obama administration’s $500 billion or more proposal to deal with America’s ailing banks has been described by some in the financial markets as a win-win-win proposal. Actually, it is a win-win-lose proposal: the banks win, investors win — and taxpayers lose.
Treasury hopes to get us out of the mess by replicating the flawed system that the private sector used to bring the world crashing down, with a proposal marked by overleveraging in the public sector, excessive complexity, poor incentives and a lack of transparency...
Funeral cost-cutting boosts cremations -- Industry insiders say people are opting for simpler services to bring down overall death expenses.
The recession is not only forcing people to cut back on their living expenses -- but on their dying expenses too.
Industry insiders say more people are economizing on funerals by cutting back on elements such as limousines, wakes and embalming - and opting for cremations rather than burials...
- A Flickering Light At the End of the Tunnel - Nouriel Roubini, Forbes
- Wall Streets Swaps Zegna For Denim - Caroline Baum, Bloomberg
- Auto Bailout Has Nothing On Wall Street's - Robert Scheer, The Nation
- Family-Run Banks Are In Fact Thriving - Richard Rahn, Washington Times
- Is the Rush to Exit TARP a Trap? - David Weidner, MarketWatch
- Charity Begins At Home - Diana Furchtgott-Roth, RealClearMarkets
- U.S. Signals New Era for Global Economy - Anthony Faiola, Washington Post
- China Is Just Sabre-Rattling Over Dollar - David Pilling, Financial Times
- Don't Give Superrich Estate Tax Relief - Editorial, New York Times
- Spend It In Vegas Or Die Paying Taxes - Arthur Laffer, Wall Street Journal
- The Fallacious Notion of Job Creation - John Tamny, RealClearMarkets
- Obama's Self-Importance Keeps Me Out of This Market - Howard Lindzon
- What the Immediate Future Looks Like for GM and Chrylser - Flow Chart
- Hyperbole and the U.S. Savings Rate - Felix Salmon, Reuters
- It's Unlikely Banks Will Sell Under Geithner's Plan - Accrued Interest
- Where Paul Ryan's Crazy Graph Came From - Conor Clarke, The Atlantic
- Stocks & Employment In Recession - Kurt Brouwer, Fundmastery Blog