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Word of the Week

Posted Friday, November 20, 2009 - 4:29pm

A government report released this week said that the New York Fed mishandled last year’s bailout of American International Group (AIG). According to the report, the Fed “refused to use its considerable leverage” in negotiations over how to handle the beleaguered insurer’s obligations to various trading partners.

  • Caitlin McDevitt is an editorial assistant at The Big Money.

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http://www.thebigmoney.com/articles/0s-1s-and-s/2009/11/19/trouble-tripadvisor

Soros Gives Ford More Cause To Be Giddy


Posted Thursday, November 19, 2009 - 4:00pm

No doubt about it, Ford (F) came out of the springtime auto bankruptcy follies looking a whole lot better than its Motown rivals, General Motors and Chrysler. Now we learn that billionaire investor George Soros took a big stake in the company. Soros. Ford. CEO Alan Mulally has to feel like he’s on top of the automotive world right now.

  • Matthew DeBord has written about the auto industry for the Washington Post, the Los Angeles Times, the Huffington Post, and Car Design News.

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Publix Creepily Videotapes Demonstrators' Kids


Posted Thursday, November 19, 2009 - 12:00pm

Barry Estabrook, who wrote the "Politics of the Plate" column before genius magazine consultants persuaded Condé Nast to pull the plug on Gourmet last month, has launched a blog called … Politics of the Plate.

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Publix is videotaping its enemies’ kids. Creepy.

  • Dan Mitchell has written for The New York Times, The Chicago Tribune, The MInneapolis Star-Tribune and Wired.

Posted Wednesday, November 18, 2009 - 4:09pm
Illustration by Jenny Livengood.

In October 2006, Reddit co-founders Steve Huffman and Alexis Ohanian decided it was finally time to sell. A year earlier, their Digg-like social-news Web site had attracted an offer from Google, but the founders wanted to keep developing the fledgling company in-house. This time, though, the buyer that came calling was not the 800-pound gorilla of search engines. It was the 800-pound gorilla of magazine publishing, the one wearing Gucci loafers and a Patek Philippe watch: It was Condé Nast.

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Why Condé Nast Execs Don't Even Say Reddit Anymore.

 

  • Paul Smalera has written for Condé Nast Portfolio, The New York Times and The New York Observer among others. He blogs at true/slant.
Illustration by Jenny Livengood.

Can Anyone Swallow Cadbury Debt?


Posted Wednesday, November 18, 2009 - 1:54pm

Bloomberg News reports that Hershey and Italy's Ferrero are both "evaluating their options" for whether and how much to bid for Cadbury, the British confectioner for which Kraft Foods has made a hostile bid.

  • Dan Mitchell has written for The New York Times, The Chicago Tribune, The MInneapolis Star-Tribune and Wired.

Posted Tuesday, November 17, 2009 - 11:58am
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Hong Kong’s chief executive Donald Tsang blasted U.S. monetary policy at an Asian economic conference on Friday, saying that the Fed’s loose policies have created a “carry trade” in U.S. dollars that mirrors that of the Japanese yen earlier this decade, creating asset bubbles across emerging Asia-Pacific economies.

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Why Do Economists Fret About the Buying and Reselling of Currencies?

  • Martha C. White is a freelance writer in New York.
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