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| Goldman Sachs first-quarter profits more than double analysts' forecasts
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| In another sign that banks may be turning around, Goldman Sachs announced first-quarter earnings Monday that were far better than analysts expected and said it would raise $5 billion through a stock offering in order to help repay taxpayer funds.
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| @ Chicago Tribune | Posted: 04/14/09 at 0201 EDST
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| Landlords Feel Troubled Retailers' Pain
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| Local Strip Malls Hit by Increase In Vacancy Rates
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| @ Washington Post | Posted: 04/14/09 at 0315 EDST
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| Presto: Another $750 Billion
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How Treasury will conjure that new money for the IMF.
Editor's Comment: The is an excellent read on the hisotry of the IMF, and how the Fed creates "cash".
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| @ Wall Street Journal | Posted: 04/14/09 at 0320 EDST
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| U.S. Retail Sales Probably Climbed in March on Auto Incentives
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| Sales at U.S. retailers probably rose in March, led by a rebound in autos as dealers boosted incentives to clear unwanted stockpiles, economists said before a report today. Purchases rose 0.3 percent, the second gain in the last three months, according to the median estimate in a Bloomberg survey of 73 economists. A separate report may show wholesale prices were
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| @ Bloomberg News | Posted: 04/14/09 at 0330 EDST
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| Hanging Tough
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| How Kellogg Won the Cereal Wars of the Great Depression
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| @ The New Yorker | Posted: 04/14/09 at 0345 EDST
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| New plan woos big insurers
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| Less than three months after State Farm, the state's largest private property insurer, announced it was abandoning the Florida market, legislators are trying to woo the company back with a bill that would allow significant rate increases with few regulations.
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| @ Sarasota Herald Tribune | Posted: 04/14/09 at 0400 EDST
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| Entrepreneur shows how he got venture capital for his latest start-up
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| An entrepreneur who is on his third start-up shows how businesses get funding from venture capitalists.
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| @ Miami Herald | Posted: 04/14/09 at 0415 EDST
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| Low prices lure Orlando-area home buyers
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| The Orlando area's huge backlog of existing homes for sale shrank to a 26-month low last month as local Realtors sold 48 percent more houses and condominiums than they did a year ago. The year-over-year improvement in resales, which extends back seven consecutive months to last September, was given a boost again in March by foreclosure-driven bargain prices. March sales of homes and condominiums in the core Orlando market rose to 1,653 this year from 1,120 a year ago, even as the median price fell nearly 38 percent to $137,000 from $220,000 in March 2008.
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| @ Orlando Sentinel | Posted: 04/14/09 at 0419 EDST
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| Unemployment Surges in Germany’s Golden City
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| Because of the nature of the world economic crisis, rising unemployment in Germany is largely bypassing the poor areas of the east and striking at the heart of the country’s wealthy industrial areas in the western and southern regions. Nowhere is that more true than in Pforzheim, known as the Golden City for its history as the jewelry capital of Germany, and which now has the fastest-growing unemployment rate of any locality in the country.
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| @ New York Times | Posted: 04/14/09 at 0646 EDST
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| Core cities hit worst by recession
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| “In terms of the largest rises in total numbers of people claiming job seekers’ allowance comparing February 2008 with February 2009, the recession has impacted most upon large cities outside London. “Local authority areas that have experienced the biggest jumps in the numbers claiming benefits are the ‘core cities’ of the North, the West Midlands and Scotland, and areas linked with traditional manufacturing and heavy industry.”
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| @ Financial Times - UK | Posted: 04/14/09 at 0652 EDST
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| Hong Kong shares soar to four-month high in huge volumes
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| Hong Kong shares galloped to a four-month closing high on Tuesday, piling on 4.6 percent in hectic trade after the Easter break, buoyed by hopes for stabilisation in the financial sector and reassuring data from China.
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| @ Reuters | Posted: 04/14/09 at 0655 EDST
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