Tag Archives: endowment losses

Stacy Summary:  More unemployed Swiss bankers unable to leave their country for fear of the long arm of the American law.  And Lehman collapse proving to be a huge financial stimulus for some people, maybe if we let more banks fail we would see a jobs bonanza in the US & UK?

• UBS cuts 8,700 more jobs

• Lehman collapse proving to be financial stimulus for accountants and lawyers

• Biggest trucking company in US to offer real estate rather than cash as pension contribution

• Fiji devalues currency by 20%

• Islamic insurance (takaful) growing at up to 40% a year

• Massive endowment losses force Harvard College faculty to cut budget by 20%

• Lehman sitting on enough uranium cake to make a nuclear bomb

• TV property bubble pusher goes bust owing £500,000

• Saudi Arabia bans offensive words in vanity license plates, including “USA”

• 1500 farmers commit mass suicide in India

• Hedge fund exec’s guilty plea to securities fraud could spell trouble for Carlyle

Updates:

• A closer look at Goldman Sachs’ earnings

• China buying huge quantities of copper:  readying for Bancor?  Or for US covert default?