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...24/7 Wall St. has created a list of the 10 major daily papers that are most likely to fold or shutter their print operations and only publish online. The properties were chosen on the basis of the financial strength of their parent companies, the amount of direct competition they face in their markets and industry information on how much money they are losing. Based on this analysis, it's possible that 8 of the nation's 50 largest daily newspapers could cease publication in the next 18 months. (Read "The Race for a Better Read...
Byron Wein was senior investment strategist at Morgan Stanley until 2005, when he left to join Pequot Capital Management, a hedge fund in Westport, Conn. Each December, Wein forecasts 10 possible surprises for the year ahead, events that may not be on Wall Street's radar but nevertheless have good chance of occurring. His prescience on market issues has won him a wide following. In an interview with TIME contributing editor John Curran, Wein reviews his 2009 list and opines on the stock market's prospects...
...Truth and Consequences Re "What Would Lincoln Do?": Lincoln dedicated his life to the pursuit of economic freedom for all [Feb. 16]. But lost in the debate on the current stimulus plan is any mention of personal responsibility. That lack of responsibility on Main Street, Wall Street and Capitol Hill is what got us into this mess to begin with. Sure, we all have the right to rise, but we have forgotten that with rights come responsibilities. Jason Peirce, Calabasas, Calif...
...understand they would be suffering a little bit more.” Matthew C. Lishanky from Upstairs on the Square said that recruiting isn’t the only thing that has changed—so have the part-time career aspirations of former Wall Street bigwigs. “It’s amazing to see the influx of resumes of lawyers and financial analysts applying for positions as servers and bussers,” said Lishanky, the restaurant’s director of operations. This phenomenon did not hold to be true at other restaurants interviewed, who said...
...TIME's Wall Street covers...