Business News

[luv2read]

Guess he forgot he said this when Fannie and Freddie cried "Uncle!"

Brokerage-firm failure has to be an option: Paulson
Paulson said, "For market discipline to constrain risk effectively, financial institutions must be allowed to fail. It is clear that some institutions, if they fail, can have a systemic impact, so we must give regulators the authorities to limit that impact and facilitate an orderly failure. In my view, looking beyond the immediate market challenges of today, we need to create a resolution process that ensures the financial system can withstand the failure of a large complex financial firm. The Bear Stearns episode and market turmoil more generally have placed in stark relief the outdated nature of our financial regulatory system. In my view, looking beyond the immediate market challenges of today, we need to create a resolution process that ensures the financial system can withstand the failure of a large complex financial firm."
http://www.marketwatch.com/news/sto...x?guid={936261F7-D5AC-4CFB-82C6-470CA564E64C}
This appears to be a warning of things yet to come, IMHO.

 

[Fivetears]

FTC: Kids target of $1.6 billion in food ads
The nation's largest food and beverage companies spent about $1.6 billion in 2006 marketing their products -- especially carbonated drinks -- to children, according to a Federal Trade Commission report. The report, to be released Tuesday [today], stems from lawmakers' concern about growing obesity rates in children. It gives researchers new insight into how much companies are spending to attract youth to their products, and what venues the companies are using for their marketing. To come up with its estimate, the FTC used confidential financial data that it required the companies to turn over. An executive summary of the report was obtained by The Associated Press.
http://biz.yahoo.com/ap/080729/children_marketing_food.html