Senior executives at Goldman Sachs are reportedly pissed off about a 12-page Rolling Stone story highlighting the company’s uncanny ability to make reams of cash in bad economic times. Or maybe it’s just because the Jonas Brothers scored the magazine cover.
Business
-
Shell questions Amnesty report on Nigerian oil
Amnesty hopes a report condemning oil companies for pollution and poverty in the Niger Delta will make it a top priority for Shell’s new CEO; the company is claiming it’s full of “unsupported allegations”.
-
Not so fast, BRW
Would the BRW ‘Fast Starters’ list look so robust if they hadn’t used data that was a year old — taken from before the financial crisis hit? Crikey intern Sophie Tarr investigates.
-
US jobs figures quash optimism
Instead of the 350-360,000 job losses forecast by the market, the actual figure was a gut-crunching 467,000. So much for green shoots.
-
VIDEO: US jobs take a dive, pundits react
467,000 American jobs were lost in June, with the unemployment rate jumping to 9.5%, according to the latest economic data. Here’s how the talking heads saw it Stateside.
-
graph pr0n
Resources: who’s using what?
Which country will be the first to run out of oil or natural gas? Which will be forced into building more environmentally friendly transportation systems? Mint’s map of the world’s resources and where they’re being consumed.
-
Overnight market sell-off a sign of things to come?
Even when the economic wheel turns, real financial and economic stability returns and consumers resume spending and companies investing, the legacy of the crisis should act as a throttle on growth.
-
Greenland’s energy sector set to explode?
Although Greenland largely subsists on its fishing market, the country is a treasure trove of resources — from oil and gas to uranium, molybdenum, platinum, coal, gold and diamonds — just waiting to be tapped.
-
Does Bernanke deserve a second term?
Ben Bernanke’s stint as Federal Reserve chairman has been checkered at best, says Desmond Lachman — surely there are better candidates out there?
-
Michael Jackson’s Estate: saved by the Beatles
It was the best business deal he ever did — Michael Jackson’s 50% stake in Sony/ATV, which comes with about 250 Beatles songs, should save his estate from bankruptcy.
-
Madoff’s life in the clink
A great interview Alan Ellis, lawyer and author of the Federal Prison Guidebook about his surprise at Bernie Madoff’s 150-year sentence — and what happens next.



Top Stories

