- ‘Tis the Season: London florist creates $4.6 million Christmas wreath
- No tailgating allowed at Super Bowl XLVIII
- Pentagon to transport African troops to Central African Republic
- Chinese man fed up with his girlfriend’s shopping jumps to his death
- Ukraine leader to talk with protesters; Washington urges caution
- Pope Francis: A nun saved my life
- Israeli P.M. Netanyahu backs out of Mandela funeral
- Elian Gonzalez makes first trip outside Cuba since custody battle
- U.S., British intelligence agents enter online sci-fi world to spy on gamers
- Sarah Palin to host the outdoors show ‘Amazing America’
By Tom Fitton
Independent voices from the The Washington Times Communities
Topic - Lehman Brothers
Lehman Brothers Holdings Inc. was a global financial services firm which, until declaring bankruptcy in 2008, participated in business in investment banking, equity and fixed-income sales, research and trading, investment management, private equity, and private banking. It was a primary dealer in the U.S. Treasury securities market. Its primary subsidiaries included Lehman Brothers Inc., Neuberger Berman Inc., Aurora Loan Services, Inc., SIB Mortgage Corporation, Lehman Brothers Bank, FSB, Eagle Energy Partners, and the Crossroads Group. The firm's worldwide headquarters were in New York City, with regional headquarters in London and Tokyo, as well as offices located throughout the world. - Source: Wikipedia
Senate leaders reached agreement Wednesday to avert a threatened Treasury default and reopen the government after a partial, 16-day shutdown, according to a Republican senator who also said the House might vote first on the plan to speed its approval.
Sen. Charles E. Schumer had a prediction on Monday on how House Speaker John A. Boehner will proceed on the government shutdown: He'll cave, Mr. Schumer said.
With his Syrian expedition in jeopardy, President Obama pivoted back to the economy. "Everything I've done," he told ABC News on Sunday, "has been designed, No. 1, to stabilize the economy, get it growing again, start producing jobs again." He used a Rose Garden event on Monday marking the fifth anniversary of the collapse of Lehman Brothers to reiterate the message. "We've cleared away all the rubble from the financial crisis," said the president, "and we've begun to lay a new foundation for economic growth and prosperity." That's news to the millions in the unemployment lines.
Amid problems in Syria, a stalled immigration reform bill and other challenges, President Obama once again is pivoting to the economy in an effort to convince Americans that, without his policies, the nation would not have emerged from the 2008 financial meltdown.
On Monday, five years after the failure of Lehman Brothers and subsequent stock market crash brought the U.S. economy to depths from which it is still recovering, President Obama will address the nation from the Rose Garden.
The Standard & Poor's 500 crossed into record territory Thursday, beating a previous all-time high set in pre-financial-crisis days.
David Einhorn, the 44-year-old investor who attacked Apple Thursday, has a history of taking on companies and winning. But Apple is his biggest target yet.
Bank of America says it has agreed to pay $2.43 billion to settle a class-action lawsuit related to its acquisition of Merrill Lynch at the height of the financial crisis.
Judging by the stock market, you'd think the U.S. economy was back in party mode.
The Wall Street collapse in 2008 and the ensuing financial crisis has cost the nation an estimated $12.8 trillion, according to a study released Wednesday by Better Markets, a Washington advocacy group that lobbies for financial reform and tighter regulations on Wall Street.
The last time the stock market was this high, the Great Recession had just started, and stocks were pointed toward a headlong descent. But on Thursday, the Dow Jones industrial average hit its highest mark since December 2007, and the Standard & Poor's 500 index soared to its highest level since January 2008.
Several regulators have called recently for drastic changes in the money-market mutual-fund industry. Proposed "reforms" include abolishing the industry by getting rid of the stable $1 net asset value that is the essence of the product and requiring costly "capital buffers" that would tax investors far beyond any realistic estimates of risk.
Monday is the only day the stock market is more likely to fall than to rise.
The recession that ended three years ago this summer has been followed by the feeblest recovery since the Great Depression, according an extensive review of the country's economic ups and down over the past eight decades.
The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression.