Washington Post
Jobs. Jobs. Jobs. President Obama has bounded back from his midterm shellacking with a still more determined effort to convince the American people that he is on top of the unemployment problem.
Financial Times
Historians have not documented whether Charles de Gaulle or Georges Clemenceau first pronounced that “graveyards are full of indispensable men”. While that must be so, some chief executives come close to severely testing that aphorism.
Financial Times
For most Americans, the main lesson of last month’s jobs report was an unchanged unemployment rate of 9.6 per cent, another ugly statistic in a steady procession of bad economic news. But of equal importance was the better news that 159,000 new private sector jobs were added, making October the second strongest month of the year.
Financial Times
America goes to the polls on Tuesday with every indication that a dramatic transfer of power is afoot. Republicans are all but certain to take control of the House of Representatives, and are poised to make significant gains in the Senate. Even if Democrats retain the upper chamber, dramatic changes will begin on Capitol Hill.
Financial Times
America’s troubled asset relief programme – better known as Tarp – died on Sunday, at the age of two. The causes of death were bitter politics and financial illiteracy. Hatched in the post-Lehman bankruptcy panic, Tarp allowed Barack Obama, US president, and his predecessor, George W. Bush, to bypass laborious Congressional approval and deploy $700bn to rescue a collapsing financial system. In its short life Tarp soon became the programme that everyone loved to hate.
Wall Street Journal
Former ‘car czar’ Rattner on why a turnaround was so hard – and why it could very well succeed
Wall Street Journal
Cold-sweat talks, high-stakes power plays and four-letter outbursts: In the room with Obama’s team as it tries to save Detroit.
Wall Street Journal
A few days ago, I ventured into the belly of the beast—a mostly male, mostly young, sweaty gathering of more than a thousand turbocharged, chest-thumping hedge fund investors.
Washington Post
We don’t need an aircraft carrier and “Mission Accomplished” banner, but isn’t it time to agree that the auto rescue has been a success? A year after the government-sponsored bankruptcies of GM and Chrysler, both patients are alive and progressing well toward recovery.
Wall Street Journal
Tuesday’s announcement that Fritz Henderson is stepping down as chief executive of General Motors vividly demonstrates the central role that the company’s board of directors is playing as the nation’s largest auto maker continues its progress toward full private control.
