Monday, February 2, 2009

Late Monday Headlines

  • 20 million jobs lost in China from downturn to date - this is actually a very big deal (FT)
  • FDIC running out of cash, asks tripling of Treasury credit line to $100 billion (Reuters)
  • UBS alienates all current brokers with ridiculous new hire bonuses (Bloomberg)
  • NY starting to retaliate against Paterson's budget cuts (NY Post)
  • In meantime, IRS is broadening UBS inquiry (NYT)
  • Investment bankers are the new pariahs (NYT)
  • British firms lose 1.2 billion pounds in snow day (Guardian)
  • Ryanair in talks to purchase up to 400 planes from Boeing/Airbus (Bloomberg)
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