Extra Credit, Thursday Edition
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Portfolio.com
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Thu 11:18 pm ET U.S. Financial System Still Needs at Least $1.0 Trillion to $1.2 Trillion: Says FBR Capital Markets. The Mark Cuban charges âEuro“ and the economic purpose of insider trading laws Access Uber Alles: Why is the NYT acting as Sallie Krawcheck's mouthpiece?
What's Happening to Berkshire Hathaway?
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Portfolio.com
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Thu 10:29 pm ET Jonathan Stempel of Reuters has a very useful look at what's going on at Berkshire Hathaway, which fell $6,500 per share today to close at its lowest level in over five years. After reading his article, I think we might be one step closer to understanding why Berkshire's CDS are trading so very wide right now.
Broke and Broken
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Portfolio.com
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Thu 9:00 pm ET What failed to fix the markets today: Prince Alwaleed and Congress.
Late Breaks: Slimming Down AP, and Fat Kids
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Portfolio.com
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Thu 8:39 pm ET -The Associated Press is planning to reduce its workforce by 10 percent next year -- by attrition, it's hoped. [Gawker] -The National Institutes of Health believes that banning fast-food advertising aimed at kids would result in an 18 percent reduction in obesity among young children. [Ad Age] -David Rhodes, the vice president of news for Fox News, is leaving to become head of television for Bloomberg. [TVNewser] -Arthur Gregg Sulzberger, widely viewed as the likely eventual successor to New York Times publisher Arthur Sulzberger Jr., is leaving his job at The Oregonian to come work at the Times. [Willamette Week] -Random House has frozen pensions for current employees and eliminated them for future workers. [NYT]. â–¡
Brian Williams Needs His Own Show. Oh, Wait.
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Portfolio.com
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Thu 12:09 pm ET This week Arianna Huffington filled in for Rachel Maddow on her hit show on MSNBC. If Conan O'Brien ever needs a night off, he can call in Brian Williams. The tan and taut NBC Nightly News anchor was in good ...
Film No Evil
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Portfolio.com
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Thu 3:00 am ET Ami Horowitz is using the evangelical movement to try to make his U.N. documentary a Michael Moore-like success.
Zimbabwe Datapoint of the Day
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Portfolio.com
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Wed 11:54 pm ET Steve Hanke is mainly known in the world of international economics for his conviction that dollarization is the cure for all ills. But he's come up with something really rather fabulous for the Cato Institute: the Hanke Hyperinflation Index for Zimbabwe, which puts that country's inflation at 89.7 Sextillion Percent.
AMI Chief Asks Employees to Back Auto Bailout
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Portfolio.com
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Wed 5:49 pm ET Mitt Romney might want you to let Detroit go bankrupt, but David Pecker doesn't. Earlier this afternoon, the American Media chief sent all of his employees a fact chief supplied by the GM and intended to build support for an auto-industry bailout.
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