Beware the Dotted Line

Really really wanted to end the year on a positive, maybe we will start the new year with something less negative. Anyway.. Trib follows up on the story of the Detroit pension system’s losing bet on our casino: Casino’s Struggles Felt in Detroit.

Here is the thing.  the story that came from sounds horrible. Risky . . . → Read More: Beware the Dotted Line

First 2011 Business Headlines Mostly Merry

Facebook, the popular social networking site, has raised $500 million from Goldman Sachs and a Russian investor in a deal that values the company at $50 billion.

China’s manufacturing activity eased slightly in December, although it remained in expansion mode, according to a survey of the country’s purchasing managers.

In response, Asian stock markets . . . → Read More: First 2011 Business Headlines Mostly Merry

Economic Events on January 3, 2011

At 10:00 AM EST, the Construction Spending report for November will be released, and the consensus is that there will an increase of 0.1% in spending compared to the previous month.

Also at 10:00 AM EST, the ISM manufacturing index for December will be released.  The consensus estimate is that it increased 0.6 points . . . → Read More: Economic Events on January 3, 2011