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Just a month or so ago, the stock market plunged because investors did not like Treasury Secretary Timothy F. Geithner's outline of a plan for removing toxic assets from bank balance sheets. This week, Mr. Geithner announced the details and - what do you know? - the market shot up. Obviously, the market's mood swings are not the best indicator of Mr. Geithner's merits or of his plan's. But what's new as of Monday is that we have a fuller basis for evaluating his program. And the best judgment is: It's worth a try, but hardly guaranteed to succeed. ...more
March 25, 2009
A top executive with Verenium Corp. said Tuesday that plans are going forward to build a $300-million biofuels plant in Highlands County. ...more
March 18, 2009
The message for many small business owners wondering how they will be affected by a White House aid plan for small business owners announced Monday is to wait - for now. ...more
March 17, 2009
With tightened credit markets strangling the supply of home loans, a growing number of buyers in the Tampa Bay area have turned for help to an obscure program run by the U.S. Department of Agriculture. ...more
February 6, 2009
When Chrysler teetered on the brink of bankruptcy in 1979, the automaker spent months building support for a $1.5 billion loan guarantee that helped save the company and tens of thousands of jobs. ...more
November 24, 2008
Last September, I was in a hotel room watching CNBC early one morning. They were interviewing Bob Nardelli, the CEO of Chrysler, and he was explaining why the auto industry, at that time, needed $25 billion in loan guarantees. It wasn't a bailout, he said. It was a way to enable the car companies to retool for innovation. ...more
November 16, 2008
John McCain and Barack Obama outlined steps to counter the faltering economy and plummeting stock market last week, fresh evidence of the dominant role of pocketbook issues in their race for the White House. Here's a look: ...more
October 12, 2008
General Motors Corp. Chairman and CEO Rick Wagoner unveiled the automaker's long-awaited electric car Tuesday and said the turmoil in U.S. financial markets should not affect government loan guarantees that would help the auto industry develop high-tech vehicles. ...more
September 17, 2008
Peter Drucker said, "There is nothing so useless as doing efficiently that which should not be done at all." ...more
June 22, 2008
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