June 2006

  • News

    Bilderberg Group Meets: Conspiracy Nuts Totally Lose It!

    Ottawa — It’s like Woodstock for conspiracy theorists. A serene suburban setting has been transformed into a four-day festival of black suits, black limousines, burly security guards — and suspicions of world domination. On the outskirts of the nation’s capital, a tony high-rise hotel beside a golf course is hosting the annual meeting for one […]

    / Jun 9, 2006 at 4:33 PM
  • World Cup

    More World Cup Emerging Market Madness

    The Brazil Bond story got us wondering. Where else is the World Cup wreaking havoc on capital markets? First stop: Malaysia, where stocks fell to three-moth lows yesterday. (And, yes, we included the pic of Miss Malaysia because, uhm, well we kind of forget why.) According to the Business Times, Analysts expect the trend to […]

    / Jun 9, 2006 at 4:06 PM
  • IBM

    Interview Horror Stories

    It’s not exactly clear why certain articles have to be packaged as “service journalism” when they are clearly schadenfreude journalism. Is there some rule they teach you in journalism school that says we can’t laugh at others unless we package it with practical advice? Luckily, no-one at DealBreaker HQ ever went to journalism school, so […]

    / Jun 9, 2006 at 3:43 PM
  • World Cup

    Brazil’s Bond Buyback

    A reader shares his not-quite-business as usual experience in the world of emerging markets debt trading. Not that this is something people outside EM investment world would know, but Brazil a few days ago announced a tender offer for up to $4bio of its outstanding Eurobonds. Holders had to submit their offer prices yesterday afternoon. […]

    / Jun 9, 2006 at 3:02 PM
  • MBAs

    Word to Warren Buffett

    Oh yes. It’s the Columbia Business School rap. Words cannot do it justice. The internet means you never get to forget.

    / Jun 9, 2006 at 12:43 PM
  • Commencement Addresses

    HBS Graduation Report

    BankersBall comes through with a great report on the Harvard Business School graduation. To all the hard-charging i-bankers out there, Paulson had a particularly relevant message to you: never forget about maintaining a work-life balance. So next time you just got to get out of there at 4:30 to catch the Metro North, you know […]

    / Jun 9, 2006 at 12:13 PM
  • Summer

    Weekend Weather Watch

    The odds are that this is going to be the first weekend in recent memory where it won’t rain on your beach plans. Break out the sunblock, put the beer on ice and tell the managing director someone close to you just died and you’ve got to leave town for the funeral. Then hope you […]

    / Jun 9, 2006 at 11:48 AM
  • Goldman Sachs

    Another look at the end of Goldman’s BAA bid

    Things got pretty confusing the other day when the business wires carried stories claiming that a group of investors led by Goldman Sachs both was and was not still in the running to buy BAA, the world’s largest airport operator. Today’s Guardian explains why Goldman’s bid was turned down, and why things got so confusing. […]

    / Jun 9, 2006 at 10:41 AM
  • The Fed

    James Grant: Of Course Bernanke’s Not Credible

    James Grant is one of our favorite commenters, and it’s not just because we have a soft spot for contrarians. Today the Wall Street Journal asked Grant whether Bernanke has credibility. Grant’s answer: Of course not; he works for the Fed, doesn’t he? If the U.S. Department of Agriculture announced, “The price of corn will […]

    / Jun 9, 2006 at 10:21 AM
  • banking culture

    A Splash and a Slap

    Going Private tells the story about what happens when a group of lunch-time martini drinking bankers cross a friend known as “The Debt Bitch.” She turns around without hesitation, takes two steps towards the offending banker and unloads her entire martini (minus two sips) into his face without even cracking an expression. The entire section […]

    / Jun 9, 2006 at 9:23 AM
  • Fed

    The End of the Fed?

    Over at Investment U, Mark Skousen interviews “investment biker” Jim Rogers who predicts a long bull market in commodities and, well, the collapse of the Fed altogether. Mark Skousen: The Fed, as we know, is determined to raise rates. Do you look at Fed policy? Is it important? Jim Rogers: A little bit. The Fed […]

    / Jun 9, 2006 at 9:02 AM
  • Opening Bell

    Opening Bell: 6.9.06

    Oil Prices Up Amid Continued Iraqi Unrest (AP) Well that’s, um, bizarre… and here we were thinking that the death of Zarqawi would pretty much put an end to the chaos in Iraq. Turns out maybe not. The real question, for the insurgents turns now to succession planning. Why is the market still volatile after […]

    / Jun 9, 2006 at 8:30 AM
  • SEC

    The Other Cool Search Tool

    We’re actually a bit hesitant to let you in on the latest cool new search tool. It is so useful that we expect to be developing lots of items from it. Maybe we should just keep it to ourselves and wow you with our research skills. So what is this new tool? It doesn’t come […]

    / Jun 8, 2006 at 3:56 PM
  • Hedge Funds, White Collar Crime

    The Anatomy of a Con

    Yesterday we mentioned that Hakan Yalincak had pled guilty to charges that he had tricked investors in his phony hedge fund out of millions of dollars. More than a few of you wrote in to ask, in the somewhat edited words of one reader: “How the $@#! did some twenty-one-year-old f***wit with no finance experience […]

    / Jun 8, 2006 at 3:20 PM
  • Planespotting

    Planespotting: The Revenge

    [Editor’s Note: DealBreaker intern Bess Levin takes over the Planespotting beat today, with 100 Variations on Planespotting–a comprehensive report on where everyone’s favorite private planes have been today and yesterday.] Planespotting: With Kids Today’s Planespotting update is a heartbreaking tale of what happens when a family is torn apart by hundreds of millions of dollars. […]

    / Jun 8, 2006 at 3:00 PM
  • Vonage

    YouTube Diligence

    We’re betting a lot of folks who bought Vonage shares in the IPO wish they had seen this video of a customer reacting to his experience with the service. The last thirty seconds are the best part.

    / Jun 8, 2006 at 2:36 PM
  • Write-Offs

    Write-Offs: 06.08.06

    $$$ Rocketboom interviews George Soros [Rocketboom via BoingBoing] $$$ Where do YOU fit in at Goldman? (Department of Idle Mockery?) [via Crossing Wall Street] $$$ Rock, Scissors, Paper as an alternative form of dispute resolution. [Fortune] $$$ Entrepreneurialism gone badly awry: Strange New Products $$$ Search the Enron emails [InBoxer]

    / Jun 8, 2006 at 1:54 PM
  • News

    (Don’t Fear) The Aether

    Watch out Wall St., there’s a new player in town. Perhaps you remember Aether Networks, a .com darling with a brilliant and revolutionary wireless technology. Well, that didn’t really pan out, and when the stock crashed, the company had hundreds of millions in losses on the books. That’s when they hit upon a brilliant idea. […]

    / Jun 8, 2006 at 1:29 PM
  • Plotkin Plot

    Breaching Confidentiality

    As Eddy Elfenbein has pointed out on Crossing Wall Street, you can use the NASD website to look up information on your broker. Or you can, say, look up the employment history of alleged insider trader Eugene Plotkin. There’s lots of confidentiality language that you have to agree to in order to use the site. […]

    / Jun 8, 2006 at 12:35 PM
  • Business Media

    Business Media: 06.08.06

    We’re getting requests for more business media coverage (Conde Nast Portfolio-stalking, Fox News business channel baiting, etc.) and we’re happy to oblige. Herewith, a couple of biz media items: NOT YOUR FRIEND ANYMORE [Breaking] DealBreaker has learned that CNBC SVP of business news, David Friend, is leaving CNBC “to pursue other opportunities” after 8 years […]

    / Jun 8, 2006 at 11:52 AM
  • News

    Breaking: The Senate Thinks Your Grandparents Have Too Much Money

    News just broke that the Senate this morning failed to get enough votes to close debate on the permanent repeal of the estate tax this afternoon. That sound you hear in the streets is the noise of estate planning lawyers everywhere rejoicing.

    / Jun 8, 2006 at 10:48 AM
  • banking culture

    More Advice on Dating Bankers

    Another blog provides advice on how to become an investment banker’s girlfriend. Embrace Alternative Lifestyles Try to get beyond your narrow concept of a “committed relationship”. For help, watch HBO’s “Big Love”. Imagine yourself with 2 or 3 “sister girlfriends”. Now, imagine that one of these “sister girlfriends” is your boyfriend’s secretary, and the other […]

    / Jun 8, 2006 at 10:18 AM
  • Goldman Sachs

    Goldman Group Drops BAA Bid

    Alternative headline: Goldman’s Lawyers Get Weekend Off; Citigroup Lawyers Totally Screwed. A consortium led by U.S. investment bank Goldman Sachs (GS.N: Quote, Profile, Research) said on Thursday it would not procced with a takeover offer for UK airports operator BAA Plc (BAA.L: Quote, Profile, Research). Actually, our proposed headline is a lot better than the […]

    / Jun 8, 2006 at 10:15 AM
  • James Cramer

    Mad Money Intern Blog Mysteriously Disappears

    We knew it couldn’t last: the Mad Money intern blog is gone. Disappeared. Vamoosh. A tipster notes that the blog disappeared at about the same time Abu Masab Al-Zarqawi was reportedly killed. Was it just a coincidence? Or were they… THE SAME PERSON! Stay tuned.

    / Jun 8, 2006 at 10:01 AM
  • NYSE

    Europe to NYSE: Drop Dead

    Why is it the US that always gets called unilateralist or isolationist? Italy’s finance minister, Tommaso Padoa-Schioppa, said Wednesday that he favored an alliance of Euronext, Deutsche Börse and Borsa Italiana, making him the second European leader in two days to call for a regional deal since Euronext agreed to be acquired by the New […]

    / Jun 8, 2006 at 9:12 AM
  • Opening Bell

    Opening Bell: 6.8.06

    Oil falls below $70 on death of al Qaeda’s Zarqawi (Reuters) Zarqawi’s gone. That’s good news for the oil market because he was always the one sitting in on OPEC meetings encouraging production cuts; he was a real hawk that way. It’ll be interesting to see if the market jumps on this news. How many […]

    / Jun 8, 2006 at 8:48 AM
  • Greenspan

    The Mysteries of Alan Greenspan, Part II

    “Greenspan: Pricey oil no big deal, yet”–CNN Money. “Greenspan: Energy Costs May Stunt Economy”–ABC News. Now that’s what we’re talking about! Mysterious mutterings leading to completely opposite interpretations. It’s like having the Delphic Oracle testify in front of Congress. So. Best. Our favorite Greenspan story* has him writing his yearly predictions about the world economy […]

    / Jun 7, 2006 at 5:43 PM
  • Exotics

    An MBA Fights the Russian Menace

    Another blog to keep on your radar. This time from a Finnish MBA who is now ten days into his stint with the Finn military. Picture the scene. Naoise O’Loughlin-Irwin is lined up with the other fresh recruits. The drill sergeant, the owner of his ass for the next few months is walking down the […]

    / Jun 7, 2006 at 5:01 PM

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