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December 5, 2011

S&P could downgrade Euro countries’ credit ratings, because they’re no fun

  • 15 number of European countries S&P put on ”creditwatch negative,” meaning that there’s a 50/50 chance of an upcoming downgrade; all use the Euro as currency
  • two number of countries that didn’t get the Euro which didn’t receive the downgrade — Cyprus (which already is “creditwatch negative”) and Greece (which is Greece) source

» A serious dent in the stock market’s mood: Earlier in the day, things were looking up — France and Germany, the two responsible parents of the region, pushed a new treaty to convince the rest of the region to shape up, and Italy’s Mario Monti made a good impression on investors by introducing a sweeping austerity plan in the country over the weekend — but the S&P decision sucked the life out of the room. It’s not the first time S&P has played the heavy, either.

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19:58 // 2 years ago
November 16, 2011
Italy replaces Berlusconi with a technocrat: Mario Monti, an economist, just took power, and did it with a bunch of people who most assuredly aren’t politicians. Why? Well, Monti isn’t concerned about winning an election. He’s there to fix the country. And because he has such a specific role, he can do things people don’t like to solve the problem. Will this put them on the right track? Too soon to tell.

Italy replaces Berlusconi with a technocrat: Mario Monti, an economist, just took power, and did it with a bunch of people who most assuredly aren’t politicians. Why? Well, Monti isn’t concerned about winning an election. He’s there to fix the country. And because he has such a specific role, he can do things people don’t like to solve the problem. Will this put them on the right track? Too soon to tell.

11:38 // 2 years ago
November 2, 2011
thedailyfeed:

It’s Jon Corzine’s LinkedIn page!

Hi, I’m former New Jersey Governor Jon Corzine and I’ve made a career out of failing upward.

Okay not really, but it is the one imagined by The Daily. Click here for the rest of his page, including details on his experience, recommendations and specialities (“investment banking; really, I swear!”).

To folks not watching this story: Watch this story. This guy is at the crossroads of “bad politician” and “bad investor.”

thedailyfeed:

It’s Jon Corzine’s LinkedIn page!

Hi, I’m former New Jersey Governor Jon Corzine and I’ve made a career out of failing upward.

Okay not really, but it is the one imagined by The Daily. Click here for the rest of his page, including details on his experience, recommendations and specialities (“investment banking; really, I swear!”).

To folks not watching this story: Watch this story. This guy is at the crossroads of “bad politician” and “bad investor.”

(via thedailyfeed)

12:52 // 2 years ago