...news, moderately offensive commentary, f-bombs...

Thursday, January 14, 2010

FT Front Page Executive Summary: Pound of (Camel?) Flesh Edition

Dubai unveiled the world's tallest building, in Dubai of all places, and threw in some fireworks since everyone already knew it was there, what with it being a large building. It was renamed the Burj Khalifa after the president of Abu Dhabi, which had to bail their dumb asses out. There are, hmm, some vacancies.

Some of the world's most important-sounding investment funds are set to cut holdings of US and UK bonds. Say it ain't so, Pimco. 10-year Treasuries creep towards the 4% mark of death, which is uh still really low.


Haha, former Time CEO Jerry Levin is VERY SORRY for the AOL merger that crippled shareholders and urged other CEOs to apologize for the dumb things they did ten years later.


Optimism prevails in the thing-making industry.


And some guy from New Jersey says the US public pension system faces a $2 trillion shortfall, according to math, if you take into account today's lower interest rates and some actuarial shenanigans. Bitchin'.

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