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Economist Nouriel Roubini, chairman of New York City - based research firm RGE Monitor, earned the nickname "Dr. Doom" by warning as early as 2005 that America's speculative housing boom could trigger an economic crisis. At the time, he was dismissed by many as a perpetual pessimist. Today, he's a sought-after analyst and a popular guest on financial-news programs and websites - and he's as gloomy as ever. Over breakfast in Hong Kong recently, the New York University professor talked with TIME's Michael Schuman about the perils that lie ahead if governments do not do more...
Adding injury to insult, Standard and Poor's reiterated its sell opinion on shares of GM, which are commanding a mere $2.04 a share - about the price of a subway ride in New York City. Observing that the industry is gripped by an "automotive depression," S&P's Efraim Levy added, "We do not foresee an uptick in industry demand before Q4 '09 at the earliest." Chrysler was spared a similar indignity because it is privately held...
...that in a different way—but I never want to lose that primary business of essentially being a journalist, a word I’m happy and proud to use in my case.6. FM: You (CM) were quoted as saying in an interview with The New York Times, “I don’t trust people who are likeable”. What did you think of each other when you first met? Did you find Professor Wood “likeable”?CM: I did, I did!JW: (Laughs) Perhaps not trustworthyCM: I did find...
Unless, that is, your industry of choice is holding talks called, "Fallen Sky." Today, the Shorenstein Center at the Kennedy School hosted New York Times media columnist David Carr, a man who knows a thing or two about rock bottom, to discuss the future of the journalism industry in the middle of the financial free fall...
...Smart. It's contemporary art week in New York City, which means you just might get a chance to discover the next Picasso. (These days, art is probably a better investment than stocks, and at least it looks good on your wall.) Armory Show is the main event, featuring 243 galleries at Piers 92 and 94. If that seems too overwhelming, there are smaller venues, like Volta, an invitation-only showcase for galleries like Swiss dealer Haas & Fischer, with sculpture including Joshua Callaghan's "The 100 Year Anniversary Commemorative Model-T Ford," and London's Rokeby Gallery, with video artist...