Global Outlook Improving

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From Planet Money, 2 year ago, Read 0 times. Similar articles

By Daniel Costello The global economic outlook has improved going into 2010 but activity remains fragile and the crisis is not over, said Dominique Strauss-Kahn, the managing director of the International Monetary Fund on Thursday. Strauss-Kahn urged global policymakers to maintain stimulus spending until private demand picks up and shift some of the support into job creation. In coming days, the IMF will revise its estimates for global growth in 2010. But growth is still too reliant on... Read more

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A Bull In China

From Planet Money, 2 year ago, Read 0 times. Similar articles

By Daniel Costello Skeptics about China's continued economic rise are everywhere these days and many like to point to the similarities between today's China and 1980s Japan. But The Economist warns about too close a comparison this week and argues three main Chinese concerns - overvalued asset prices, overinvestment and excessive bank lending - may be healthier than they seem. Start with asset markets. Chinese share prices are nowhere near as giddy as Japan's were in the late 1980s. In 1989... Read more

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Inquiry Could Extend To Clinton Administration

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By Daniel Costello The chairman of the commission investigating the 2008 financial crisis said he planned to probe the actions of regulators back to the Clinton Administration, broadening his inquiry beyond bankers. In an interview with the Wall Street Journal, former California Treasurer Phil Angelides said he wanted to know "what did the FBI, the Fed, the Department of Justice and others know about subprime lending; when they know it, and why didn't they act'" Mr. Angelides is the former... Read more

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Johnson & Johnson Kickbacks Alleged

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By Daniel Costello Johnson & Johnson and its subsidiaries paid millions of dollars in kickbacks to the nation's largest pharmacy so nursing homes would put more patients on its blockbuster schizophrenia medicine and other drugs, the federal government alleged in a civil complaint filed today. The suit, filed in Boston, alleges Johnson & Johnson of New Brunswick, N.J., and two of its subsidiaries paid money "to induce a nursing home pharmacy company to purchase and recommend J&J drugs,... Read more

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Planning For The Future

From Planet Money, 2 year ago, Read 0 times. Similar articles

By Caitlin Kenney Good morning! We're taking some time today to think about the future of Planet Money so it'll be a quiet day on the blog. But don't worry we'll have a fresh podcast for you this afternoon. » E-Mail This » Add to Del.icio.us Read more

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$125 Million For Public Access

From Planet Money, 2 year ago, Read 0 times. Similar articles

By Daniel Costello The California Public Employees' Retirement System, the largest U.S. public pension, today released more than 5,000 pages of documents it had been seeking from fund managers detailing when they hired middlemen for access to the fund and how much they paid. In May, Calpers asked its private investment managers to detail the extent to which they were paying for access. The documents show Wall Street firms paid middlemen at least $125 million to gain entry to the $206... Read more

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Dealing With 'Envy, Puzzlement And Poverty' In Denmark

From Planet Money, 2 year ago, Read 0 times. Similar articles

Carl Hughes writes: Thanks for a really interesting podcast on the Danish economy. As an American who's currently living in Copenhagen for 10 months, the show resonated with my experiences and helped answer some of my questions. Living here I'm filled with a mixture of envy (everything is so green, so efficient), puzzlement (how can a country be both a social welfare state and one of the most affluent in the world'), and desperate poverty (I can't afford anything!). I'm a PhD student... Read more

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Morning Report: Obama Proposes Big Bank Tax

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By Caitlin Kenney President Obama is expected to propose a tax on 50 of the largest financial firms operating in the U.S. today. The tax, called a "financial crisis responsibility fee," will be used to recover money spent on the TARP and help shrink the federal budget deficit. The amount charged to each financial institution will vary year by year, with the 10 largest institutions paying about 60 percent of the tax's total cost. Thanks to recent repayments by a number of institutions, the... Read more

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Podcast: The Awesomest Economy'

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Should we copy Copenhagen' (aha42/Flickr) On today's Planet Money: We take you to Denmark, land of bicycles, pigs, Ikea-like furniture and economic indicators that seem too good to be true. Denmark has one of the lowest poverty rates in the world and lowest income disparities. At one point the jobs picture was so good unemployment dropped below 2 percent, something some economists would tell you should be impossible. ... Read more

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Financial Crisis Inquiry Commission Day One

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A Financial Crisis Inquiry Commission hearing on Capitol Hill. (Mark Wilson/Getty Images) Alex is down at the first day of hearings of the Financial Crisis Inquiry Commission. The day started off with testimony from some major bank heavyweights -- Goldman Sachs chief executive Lloyd Blankfein, JPMorgan Chase Chief Executive Jamie Dimon, Morgan Stanley Chairman John Mack and Bank of America chief executive Brian Moynihan. Alex... Read more

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Google Weighs Leaving China

From Planet Money, 2 year ago, Read 0 times. Similar articles

The Google office in Shanghai. (Philippe Lopez/AFP/Getty Images By Alexander Hotz Google's threat to pull its operations out of China in the wake of cyber attacks has generated a groundswell of support from free speech supporters and activists in the United States. But what are the financial implications for the company if it abandons one of the world's fastest growing economies' According to J.P Morgan estimates, this year... Read more

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