- Eurosclerosis Is America's Diagnosis After Dodging Japanese Liquidity Trap The U.S. may have avoided the Japanese disease of prolonged stagnation only to end up with a dose of eurosclerosis: chronically high unemployment in a growing economy.
- Not Losing Is New Winning for Wall Street Watering Down Laws From Congress Four Wall Street lobbyists and about a dozen lawmakers huddled over eggs and bacon at Tortilla Coast restaurant on Capitol Hill on Dec. 2 to discuss legislation aimed at strengthening bank regulation.
- `Disaster' Health Plan Breaks Obama's Vow to Reduce Costs in View of CEOs President Barack Obama’s $1 trillion health-care overhaul won’t buy corporate America relief from medical costs that more than doubled in the last decade, chief executive officers of more than a dozen U.S. companies said.
- Fastest Food Inflation Since '08 Riots Means Milk Costs 39% More Next Year Falling production in commodities from rice to milk is bad news for just about everyone except investors.
- Henderson's Mattock Sells China Shippers as Exports Won't Be `Flying Back' Henderson Global Investors’s Horizon China Fund is buying consumer and property stocks while selling shipping companies because exports won’t rebound quickly, said fund manager Andrew Mattock.
- Ackermann Sees `Comparative Advantage' for Germany Without Tax on Bonuses Deutsche Bank AG Chief Executive Officer Josef Ackermann said Germany has a “comparative advantage” over other financial hubs because it doesn’t plan to tax bonuses like Britain and France.
- Bonderman Using Socratic Method in GM Boardroom Raises Executive Hackles General Motors Corp. directors once drew criticism for accepting the losses that sent the automaker into bankruptcy. The revamped General Motors Co. board charts a more activist course.
- Greece's Papaconstantinou Under Siege as Deficit Woes Hurt Ratings, Bonds Greek Finance Minister George Papaconstantinou began the week with his office protected by baton-wielding riot police taming student protests. Now, investors have him under siege as the country’s bonds tumble.
- Spain Says Adios to Christmas as 19% Joblessness Prompts Spending Tailspin For the first time in their lives, Consuelo Serrano’s kids won’t get a visit from Santa Claus.
Bloomberg Daily News 14th December 2009
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