The NYT home page currently features this headline: Geithner Says China Is Manipulating Its Currency and this subhead: Timothy F. Geithner’s comment is certain to anger the Chinese government and raise fears that it could sell off some of its huge reserves of dollars. If China has been manipulating its currency, it has been doing [...]
I’ve got a new story on Time.com. It begins: There’s good news in the housing market—for renters. What you pay is on the way down. The average rent in the U.S. fell by 0.4% in the last three months of 2008, according to a survey of large apartment buildings in 79 metro markets by the [...]
As Wall Streeters go, John Thain had done a pretty impressive job of maintaining his reputation amid the financial carnage of the past couple years. But I’m starting to wonder if any of the Wall Street establishment is going to come out of this mess looking even remotely respectable. Thain had risen through the ranks [...]
My new column is online and in the issue of TIME with some guy flubbing his oath of office on the cover. It begins: City Bank of New York was founded in 1812 by a group of merchants hoping to fill the void left by the demise of the first Bank of the United States, [...]
