Monthly Archives: June 2010

Private Equity Firms Have Billions and Nowhere to Spend It – NYTimes.com

Private equity firms, where corporate takeovers are planned and plotted, today sit atop an estimated $500 billion. But the deal makers are desperate to find deals worth doing, and the clock is ticking. via www.nytimes.com

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Spillonomics – Underestimating Risk – NYTimes.com

In retrospect, the pattern seems clear. Years before the Deepwater Horizon rig blew, BP was developing a reputation as an oil company that took safety risks to save money. An explosion at a Texas refinery killed 15 workers in 2005, … Continue reading

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David Einhorn on Easy Money, Hard Truths – NYTimes.com

Highly recommended: Before this recession it appeared that absent action, the government’s long-term commitments would become a problem in a few decades. I believe the government response to the recession has created budgetary stress sufficient to bring about the crisis … Continue reading

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