Opening Bell: 9.26.08

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Wild day, no deal (Politico)
We're still really confused by what's going on. They keep saying the deal is dead (fair enough), but it's the Republican reps who are recalcitrant, but the Democrats have enough votes to pass it on their own, right? So why don't the Dems -- if they believe in it -- just pass the damn thing. You know, man up. Anyway, apparently Treas. Sec. Hank Paulson actually got down on one knee in front of Speaker Pelosi. How odd.
Asian markets drop amid reports of U.S. bailout plan stalling (CBC)
Yeah, nobody in any market is going to be happy for awhile until they just go ahead and do something. Asian markets fell last night, as it became obvious that they're farther away from a deal now than they have been yet. It's a good thing McCain suspended his campaign, so politics wouldn't interfere. That sounds sarcastic, though actually, we're happy that they haven't ramrodded some nonsense through all the name of bipartisanship, and the need to wreck the rule of law in times of crisis.
Sarkozy Stresses Global Financial Overhaul (NYT)
The Europeans are LOVING all of our problems, which is fine, since we've been known to laugh at them from time to time. Like, did you know that in Germany, because of socialized medicine, some dentists office have equipment from the 70s? HAHAHA. Anyway, Sarkozy says the age of global unregulated markets was over. Good for him. Also in Germany, a Minister said the age of "Anglo-Saxon banking" with its "fixation on returns" is over.
Money-Market Rates Rise Globally as U.S. Talks on Bailout Stall (Bloomberg)
Of course, they're having their own problems over there, in the land of the Third Way. Interbank lending rates in Europe have spiked to their highest rate since the Euro was formed. One analyst called it a total breakdown of interbank lending. It's like Warren Buffett said on CNBC the other day: The economy is like a bathtup: Can't have warm water in the back and cold up front.
Survivor: theoretical physics (Information Processing)
Wall St. has long been a home to physicists that are more interested in dollars than reconciling quantum and astro physics. So with Wall St. jobs growing scarce, will we suddenly get some breakthroughs in the realm of the theoretical physics? It seems tough. Positions are still hella scarce -- particularly the cushy tenure track ones at prestigious universities. A hedge fund still seems like a more promising career choice, after reading this.
Beavers ride Rodgers' 186 yards to stunner over No. 1 Trojans (ESPN)
One word: Awesome. One other word: Hook 'em.

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