Archive for November 27th, 2009
Eid’s pause won’t help Western Banks as Dubai reels
27 November 2009The markets are closed in Dubai today for Eid. After a crazy 36 hours on the local trading desks, the respite will be particularly welcome; even if Sunday is coming.
A friend of mine emailed yesterday: what impact could this Dubai default have on North American financial institutions with no direct exposure to the Middle [...]
Perp walk for cruelty to dogs, but not shareholders
27 November 2009I must admit that this has been burning for awhile, but now’s the time to share. I see a photo in my morning paper of Toronto Humane Society officials being perp-walked by Metro’s finest. The charge? Cruelty to animals.
Fair enough. I had a cat for much of my life. But [...]