WSJ On The Micro Finance Bubble In India
Source: “A Global Surge In Tiny Loans Spurs Credit Bubble in a Slum” (subscription required), The Wall Street Journal, August 13, A1
Source: “A Global Surge In Tiny Loans Spurs Credit Bubble in a Slum” (subscription required), The Wall Street Journal, August 13, A1
Trader Monthly recently named John Paulson trader of the year for 2007. Duh!!!! Funds run by Paulson, a hedge fund manager, were up $15 billion in 2007 and he is estimated to have made beteween $3-$4 billion himself. How’d he…
“I was pressured for 2 weeks to change both my value and the conditions of my appraisal report …. of an appraisal I completed that did not come to their predetermined value for a ‘valued’ Wamu client.” – Appraiser (subscription…
Interactive Corp. (IAC), the massive conglomerate of incongruent retailing, travel and internet companies such as Ticketmaster, Lending Tree, Ask.com, Match.com and The Home Shopping Network (HSN) announced today that it will break up into five separate, publicly traded businesses (Press…
Fascinating article on the front page of today’s WSJ on the difference in jobless benefits and total wage tax burdens in Europe and the US: “US, Europe Are Ocean Apart On Human Toll Of Joblessness” (subscription required). In Europe, wage…
Today, Och-Ziff Management (OZM), a hedge fund company, began trading on The New York Stock Exchange. The company sold 36 million shares, about 10% of the company, to the public at $32 a share. Shares are currently down about 5%…
As outlined in our recent letter to the Yahoo Board, unless we make progress with Yahoo towards an agreement by this weekend, we will reconsider our alternatives. We will provide updates as appropriate next week. These alternatives clearly include taking…