Bernie and the bull, now on display in Beijing

Making its way around the Web is this photo of Chinese artist Chen Wenling?s new sculpture, entitled "What You See Might Not Be Real." The work, now on display in a Beijing gallery, is said to be "a critique of the global financial crisis with the bull representing the golden bull of Wall Street and the man pinned to the wall representing the jailed financier Bernard Madoff," according to the Associated Press.

But really, making up your own cutline for the photo should be a lot more fun.

Photo credit: Ng Han Guan / Associated Press

Full story at http://feeds.latimes.com/~r/MoneyCompany/~3/mNla39zvBKI/bernie-madoff-bull-sculpture-chen-wenling-beijing.html

More on Bank of America

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Full story at http://baselinescenario.com/2009/09/28/more-on-bank-of-america/

The G20, The IMF, And Legitimacy

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Full story at http://baselinescenario.com/2009/09/29/the-g20-the-imf-and-legitimacy/

PIMCO's Bill Gross buying U.S. Treasuries as protection against deflation

Filed under: Forecasts, Recession, Financial Crisis

The U.S. Federal Reserve's quantitative easing and Congress' record $786 billion fiscal stimulus package run the risk of re-igniting inflation, in the interpretation of the inflation hawks. But not PIMCO's Bill Gross: he's concerned about deflation.

Gross, who heads the world's largest bond fund, said he's buying longer-maturity U.S. Treasuries as protection against deflation, Bloomberg News reported Tuesday.

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PIMCO's Bill Gross buying U.S. Treasuries as protection against deflation originally appeared on BloggingStocks on Tue, 29 Sep 2009 17:20:00 EST. Please see our terms for use of feeds.

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Full story at http://www.pheedcontent.com/click.phdo?i=c5816e94856b97bda3217f9d0f682c6a

Private equity management grows increasingly cut throat

Filed under: Management, Competitive strategy, Private equity

One consequence of the credit crisis shutting off the debt financing LBOs used to make acquisitions is that private-equity executives increasingly find themselves feuding over power, money, and strategy. Bloomberg provides details of the ouster of Dominique Megret, former CEO of PAI Partners, France's biggest private-equity firm.

Lionel Zinsou and others partners delivered an ultimatum to Megret: they wanted more say in running the firm or they would resign from the investment committee.

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Private equity management grows increasingly cut throat originally appeared on BloggingStocks on Tue, 29 Sep 2009 17:40:00 EST. Please see our terms for use of feeds.

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Full story at http://www.pheedcontent.com/click.phdo?i=665c7804c80c1f51be007fdf878b48fc

Nike first quarter earnings results

Filed under: Earnings reports, Good news, From the boards, Market matters, NIKE, Inc'B' (NKE)

This afternoon, Nike Inc. (NYSE: NKE) reported its fiscal first quarter numbers, and the company was able to put up better than expected earnings numbers, but revenues came in slightly under expectations.

As we noted in our earnings preview yesterday, analysts had been expecting to see the company show earnings of 97 cents per share, and the actual earnings figure was a bit higher at $1.04 per share. For the same period last year the company showed earnings of $1.03 per share.

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Nike first quarter earnings results originally appeared on BloggingStocks on Tue, 29 Sep 2009 18:00:00 EST. Please see our terms for use of feeds.

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Full story at http://www.pheedcontent.com/click.phdo?i=55bd913b891aa535d31c00993284b0bb

Stocks Up In China And Europe

After taking a day off to celebrate 60 years of the communist regime, the Chinese went back to celebrating capitalism by sending the Shanghai market higher by .9%. However, stocks in Asia generally drifted lower, though not dramatically so.

European markets, meanwhile, edged higher and US futures are pointing up, though nothing particularly decisive-looking anywhere. Yesterday markets opened higher and ended down. The dollar also took a hit overnight.

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See Also:

• Volcker: Rise Of China May Mean Our Decline
• China Makes Another Gigantic Oil Bid
• Watch Out Dollar, Here Comes A New Manipulated Bond Market

Full story at http://feedproxy.google.com/~r/businessinsider/~3/dBOgDzHMEKw/stocks-up-in-china-and-europe-2009-9

Anti-Fed Congressman Says GOP Wants You To Die (VIDEO)

This will surely get those who worry about the decline of civility in Congress excited: Rep. Alan Grayson, who has made quite a name for himself going after the Federal Reserve, apparently lost his cool while discussing healthcare reform.

Politico: [He] warned Americans that "Republicans want you to die quickly" during an after-hours House floor speech Tuesday night.

His remarks, which drew angry and immediate calls for an apology from Republicans, were highlighted by a sign reading "The Republican Health Care Plan: Die Quickly."

This follows Joe Wilson's screaming of "you lie" to the President during the State of the Union.

Here's the clip from his own YouTube page (he's obviously proud of the moment)

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See Also:

• Rep. Alan Grayson: Ponzi Scheme Victim
• Republican Apologizes For Screaming "YOU LIE" During Obama Speech

Full story at http://feedproxy.google.com/~r/businessinsider/~3/BdBzEs1TJ50/anti-fed-congressman-says-gop-wants-you-to-die-video-2009-9