Sunday, February 8, 2009

2/8 washingtonpost.com - Business

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Considering Points of Reference
February 8, 2009 at 12:00 am

Sharon Palmeter often can tell whether a job candidate has stayed in touch with her references -- or not.


In Unexpected Turn, Brilliance Within Reach
February 8, 2009 at 12:00 am

In many parts of the world, Mercedes-Benz cars and trucks are sought for their utilitarian value. A cab driver in South Africa or a delivery truck driver in Kazakhstan is less impressed with the Mercedes-Benz tri-star as a symbol of luxury than he is dependent upon it as a promise of reliability.


Economists Agree Time Is of the Essence for Stimulus
February 8, 2009 at 12:00 am

With Congress moving closer to adopting a $820 billion stimulus package and the Obama administration poised to unveil a new bank bailout plan, economists say that the federal government is taking its biggest role in the economy in a generation.


In Geithner's Overhaul, Aggressive Use of All Available Tools Expected
February 8, 2009 at 12:00 am

The nation's top economic policymakers were putting the finishing touches yesterday on a financial rescue plan that will deploy hundreds of billions of dollars to spur the flow of credit to consumers and businesses.


Some Stress Dow's Distortions
February 8, 2009 at 12:00 am

Let's start, shall we, with a hypothetical financial apocalypse: Tomorrow afternoon the stock of every publicly traded financial company in America plunges by 90 percent. Nearly a trillion dollars of shareholder equity in banks and insurers is vaporized, though nonfinancial companies somehow emer...


The Work In Darwin's Shadow
February 8, 2009 at 12:00 am

It was in 1979, in an antiques shop in Arlington, that a young law school graduate named Robert Heggestad noticed a lovely rosewood cabinet parked behind the counter. How much? Six hundred, the shopkeeper said. Sold, Heggestad said. The shopkeeper asked, "Don't you want to know what's in it?"...


Putting the 'Cyber-' in Security Blanket
February 8, 2009 at 12:00 am

ST. LOUIS -- Any mommy or daddy whose child has lost a favorite blanket or stuffed animal knows the lengths they will go to make everything better again. But often, the well-worn blankie their child loves most is no longer found in stores.


Russia's Recession Squeezes Migrants -- Millions of Foreigners, Lured by Oil Boom, Now Face Bias in Ethnic Backlash
February 8, 2009 at 12:00 am

MOSCOW -- A few years ago, Alisher Azizov traveled by train to Moscow from Tajikistan in search of a better life, and he found it.


Short on Cash? Invest in the Relationship
February 8, 2009 at 12:00 am

It's often said that money is the main cause of marital discord and even divorce.


The Rumble of Economic Policy
February 8, 2009 at 12:00 am

It will be a quiet week for economic data, but a loud one for economic policy in Washington. On Monday, Treasury Secretary Timothy F. Geithner plans to announce his plans for the rescue of the financial system. On Tuesday, he will testify on those plans before the Senate Banking Committee in the ...


Retailers Take a Pounding
February 8, 2009 at 12:00 am

A grim week for Macy's: massive job losses, fresh efforts at cost cutting. It's been a pretty grim year for retailers generally as consumers have taken to saving over spending. In the past year, major department store stocks have tumbled 55 percent, led by Saks, down 87 percent, followed by Bon-T...


Let's Hope Wall Street Likes What It Hears
February 8, 2009 at 12:00 am

If you're one of those brave souls who dares look at their 401(k) online in these troubled times -- many of you, we know, have sworn off peeking at your retirement "savings" until or unless the Dow hits 10,000 again -- you may have been one of the lucky ones who noticed something unusual Friday: ...


A Tricky Third Way: Saving Banks Without Nationalization
February 8, 2009 at 12:00 am

Citigroup still has shareholders, a chief executive and a board of directors, but the New York company's major decisions now are subject to Washington's approval.


Echoes From the Campaign Trail
February 8, 2009 at 12:00 am

President Obama retreated to the serenity of Camp David for the first time yesterday, stepping back briefly from a presidency that has quickly found itself tested by a loyal opposition and the loss of the pitch-perfect tone that helped sweep him to office.


Nation's Economic Woes Hit Law Enforcement
February 7, 2009 at 3:01 pm

Philadelphia officials are leaving 200 police positions unfilled and cutting back on overtime.


Chrysler Chief Could Be First Test of Pay Limits
February 7, 2009 at 12:00 am

The first test case of the Obama administration's tougher executive compensation standards may very well be the man who a few years ago was a symbol of corporate excess: Robert L. Nardelli.


Swimming in Intrigue in Backwoods of Md.
February 7, 2009 at 12:00 am

The covert meeting that started it all happened in a warehouse set back in the Southern Maryland woods. The target had the money, $514.50.


Steele's Campaign Spending Questioned
February 7, 2009 at 12:00 am

Michael S. Steele, the newly elected chairman of the Republican National Committee, arranged for his 2006 Senate campaign to pay a defunct company run by his sister for services that were never performed, his finance chairman from that campaign has told federal prosecutors.


In Hot Pursuit Of a Bailout
February 7, 2009 at 12:00 am

The e-mail arrived at the Office of Thrift Supervision just after 5 p.m. from an aide to New Mexico Sen. Jeff Bingaman.


Group Spans Industries
February 7, 2009 at 12:00 am

President Obama yesterday unveiled members of the White House Economic Recovery Advisory Board. Paul A. Volcker, former chairman of the Federal Reserve, will serve as chairman, and Austan Goolsbee, an Obama adviser, will serve as staff director and chief economist. Members of the board include:


S.E. Asia Faces Long-Term Trade Shift
February 7, 2009 at 12:00 am

BANGKOK -- Stimulus packages being put in place by many export-dependent nations in Southeast Asia may not do enough to protect those economies from the consequences of the fundamental shift in trading patterns that underlies the current financial crisis, analysts warn.


New SEC Chief Moves To Toughen Enforcement
February 7, 2009 at 12:00 am

Securities and Exchange Commission Chairman Mary L. Schapiro yesterday announced a pair of measures to allow the agency's enforcement staff to launch investigations into financial wrongdoing more quickly and seek penalties from companies that commit fraud.


Fed's Expanded Market Role Fuels Fierce Debate
February 7, 2009 at 12:00 am

For 95 years, the Federal Reserve has been the nation's lender of last resort. Now it's becoming the lender of first resort.

 

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