Betting Against the American Dream
On April 9th, 2010, the National Public Radio program This American Life aired a provocative radio program that traces the history of Magnetar, a hedge fund that came up with an elaborate plan to make money by sponsoring the creation of complicated and ultimately toxic securities…while at the same time betting against the very securities Read more ➝
March exports jump at Los Angeles, Long Beach ports
The ports of Los Angeles and Long Beach, which together make up the Nation’s busiest shipping container complex, showed gains in cargo traffic for the fourth straight month in March. Please click the photo to the left to read the entire article from the April 16th, 2010 edition of the Los Angeles Times.
Fed doesn’t see inflation as an immediate threat
On April 7th, 2010, the Los Angeles Times reported that the minutes of the most recent meeting of a central bank committee show that it doesn’t plan to raise short-term interest rates any time soon but suggests it could quickly change course. Members such as Janet Yellen, the president of the San Francisco Fed who Read more ➝
