Breakfast Buffet, Wednesday, April 22

Banks with Chutzpah: Treasury is up for a fight on the Detroit front, after banks and other lenders came back with a meager counteroffer on canceling most of Chrysler's debt.

A Note from the Underground

A consensus seems to be emerging about crime rates during the recession. First there was this post from Peter Orszag, whose day job involves heading up the Office of Management and Budget.Then there was this data digest from the Wall Street Journal.

Breakfast Buffet, Tuesday, April 21

You know it's been a bad year when the word profit sets off waves of cynicism. NPR puts it all in perspective--the known knowns, the known unknowns, and the unknown unknowns.Recession Nostalgia: Having declared the financial misery of the last two years over, the chairman of London & Oxford Capital Markets lays out all the benefits of the recession we'll miss once it's gone.

No Parody Please, We're British

Someone at the Financial Times has caught a serious case of the sillies. The Lex column, in case you are not a regular reader (and for shame, sir!), bills itself as FT's "agenda-setting column on business and financial topics." But yesterday, dear friends, the lords of finance behind Lex were concerned not with property and commerce, but with skewering President Barack Obama in an awkwardly hysterical fake speech.

The Rest Are Rising...

Some good news today for anyone holding emerging markets equities: JP Morgan's chief emerging market strategist in Hong Kong is expecting stocks in the 23-country benchmark to surge a whopping 39 percent this year, according to a report he released today.

Breakfast Buffet, Thursday, April 16

Phew! We at the WON blog congratulate you on making it through a particularly taxing tax season.No Más: Spain's central bank chief says on any further fiscal stimulus, arguing the injections have reached a point of diminished returns.

Breakfast Buffet: Tuesday, April 14

Want a 22,000% Rate of Return on Your Investment?: Hire a lobbyist.Down and Out in Germany: Some in the German government are thinking about setting up state-funded companies in which other firms can "park" their "redundant" workers while they ride out the recession.

Breakfast Buffet, TGIF, April 10

All Dug Up and Nowhere to Go: U.S. farm exports are feeling the recession's squeeze this year, a big shift for farmers who benefited from the rest of the world's perfect storm last year.

Why the Fed Is Like an Experimental Teenager

Besides the economic forecasts, which seem to get bleaker by the minute, the big news to come out of the Federal Open Market Committee's minutes today was that board members were divided on plans to pump money into the system by buying up mortgage and Treasury securities. (They ultimately did, by the way--more than $1 trillion of them).Paul Ashworth, an economist with Capital Economics, called it a "scatter gun" strategy; fire enough bullets and one of them will probably hit the target. "One...

Breakfast Buffet, Wednesday, April 8

Under the (Black) Sea: Italy and Russia cemented ties with a flurry of business deals yesterday, including a $4.1 billion sale involving Gazprom, Russia's national oil giant.

Breakfast Buffet, Monday, April 6

Newsweek's daily serving of news and view from around the world:Obama's Budget Conundrum: Think the G20 was a big deal? Not compared to the U.S. budget debate, says FT's Clive Crook, and he's not happy with Congress.

G20 Statement Cheat Sheet

You've probably heard by now that the G20 reached a consensus, and we bet you're probably sneaking clandestine glances at the news when your boss isn't watching.

Breakfast Buffet, Thursday, April 2

April 2, aaaaand we're back to reality. Here's Newsweek's daily serving of news and views from around the world, G20-style.Let the Games Begin!: Starting off with a mea culpa press conference wasn't enough to get Obama off the hook.

Holas, Salaams, and a Touch of Drama

 I had my eye on the second Arab-South American summit taking place in Qatar yesterday, and not just for the entertainment value (though, given the personalities involved, that sure earned it some bonus points).

G20 for Dummies. Yes, There Are Pictures.

China's proposing wacky currency schemes. Brazil's playing cheap racial politics cards. Gordon Brown's going on a whirlwind global tour, while getting smacked around by both his hosts and his own country's rep in the European parliament.

Lula Laying on the White Guilt

We learned this morning that Brazil's President Luiz Inacio da Silva has blamed the entirety of the world's financial woes on a bunch of "white, blue-eyed" bankers. "This crisis was caused by no black man or woman or by no indigenous person or by no poor person," he said, standing right next to British Prime Minister Gordon Brown and promising to make the fast-approaching G20 conference "spicy." Say whaaaat?!

Breakfast Buffet, Friday, March 27

Newsweek's daily serving of news and views from around the world.So, About That Good Governance...: For the past few years, China's no-strings-attached investments had flooded Africa, replacing risk-averse Western investors in the scramble for resources.

Breakfast Buffet, Thursday, March 26

Newsweek's daily serving of news and views from around the world.Geithner Tightens the Knot on Wall Street: Geithner is expected to come out today with yet another announcement about a new program, this time a sweeping expansion of federal regulation of the financial system.

Breakfast Buffet, Wednesday, March 25

Newsweek's daily serving of news and views on the economy from around the world. Mehs on Obama's Press Conference: WaPo's editorial captures the CW on the president's performance defending his budget in prime time last night.

Breakfast Buffet, Tuesday, March 24

Newsweek's daily serving of news and views on the economy from around the world. The Geithner Asset Plan: The Wall Street Journal grudgingly endorses the Geithner plan, pointing to the market rally as evidence that any plan--whatever its pitfalls--is better than uncertainty.The Bank Rescue: The New York Times offers a less optimistic assessment.

The Second World's Debutante Ball

The genesis of the G7 was a cigars-in-the-backroom kind of affair. Finance ministers from the US, Britain, France and Germany gathered in the White House Library one day in 1973 to discuss interest and exchange rates, flying so far under the radar they didn't even record minutes. (As their meetings became more regular, they dubbed themselves the "Library Group").

Breakfast Buffet: Monday, March 23

 Tim Geithner's Economic Elixir, Revealed: Timothy Geithner attempts to save face after a rough week with an editorial in the WSJ defending his various economic recovery programs.