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Showing 2871 - 2880 of 3072 results for "Benjamin"

The light, the light

BENJAMIN ONG  |  THURSDAY, 26 MAR 2009
There were some encouraging economic statistics released out of the US over the past two days. Is this the light at the end of the tunnel? Or an oncoming train's headlights? This is better explained by a scene in the 'Blues Brothers' movie where Jake ...

We are the world

BENJAMIN ONG  |  WEDNESDAY, 25 MAR 2009
'Can I just add my voice to this. I think the prime minister is incredibly, is A-plus on these issues. If we did what he advises, we'll all be in a better place.' Malcolm, eat your heart out. This was US Treasury Secretary Timothy Geithner patting the ...

Treasure for trash

BENJAMIN ONG  |  TUESDAY, 24 MAR 2009
Here comes the meat! US Treasury Secretary Timothy Geithner finally served up the meat to his 10 February bail-out barbecue fizzler. And the market saw that it was good. Equity markets around the world rallied following the unveiling of the details ...

Beggar thy neighbour

BENJAMIN ONG  |  MONDAY, 23 MAR 2009
2009 will be the Year of Africa if Pope Benedict the XVI has his way. Chances are, given the way the global community is now suffering from its greed-infected wounds, he may not have long to wait. Despite all the technological advances, medical discoveries ...

Go for gold

BENJAMIN ONG  |  FRIDAY, 20 MAR 2009
The US Federal Reserve's announcement that it is releasing freshly minted greenbacks worth US$1.25 trillion to rescue the convulsing economy threatens the return of high inflation when the current global financial crisis is but a painful memory. Inflation ...

Fresh mint

BENJAMIN ONG  |  THURSDAY, 19 MAR 2009
Last night the US Federal Reserve made Wall Street an offer it could not refuse - 1.25 trillion freshly minted greenbacks. After heading south for most of the trading session, the S&P 500 changed direction and headed for a more than 2 per cent gain ...

Main Street versus Wall Street

BENJAMIN ONG  |  WEDNESDAY, 18 MAR 2009
Wall Street jumped again overnight but Main Street's mood has turned from nervous insouciance to outright outrage. Hip, hip, hurray! Wall Street greeted St. Patrick's Day with a 3.2 per cent rally in the S&P 500, a 2.5 per cent jump in the Dow and the ...

AIG: 100 per cent GFC proof

BENJAMIN ONG  |  TUESDAY, 17 MAR 2009
'Under these circumstances, it's hard to understand how derivative traders at A.I.G. warranted any bonuses at all, much less US$165 million in extra pay. How do they justify this outrage to the taxpayers who are keeping the company afloat?' US President ...

The power of optimism

BENJAMIN ONG  |  MONDAY, 16 MAR 2009
'Never underestimate the power of optimism.' (Camp Quality) This was perfectly proven by the equity markets' strong performance last week where many of the indices - if not all - spiked to their best weekly gain since November 2008. News reports and ...

Jobless rate in perspective

BENJAMIN ONG  |  FRIDAY, 13 MAR 2009
'Job losses worst for 18 years' (AFR). 'Australian Jobless Rate Climbs to 4-Year High of 5.2%' (Bloomberg). Boy oh boy, here we go again. Each time Australia's job numbers are updated, we get the media's display of their masochistic tendencies. We are ...