Monthly Archives: May 2009

John Gapper

The dollar is falling and the stock market is rising as investors become more convinced that the financial crisis is easing and that some sort of recovery is underway.

That exuberance is also spreading to imbibers of wine, it seems. Having fallen last year, prices for vintage wine are again rising, according to Hart Davis Hart, a US wine dealer. It was pleased with the results of one auction held in Chicago last weekend: Read more

John Gapper

Here, here to Jamie Dimon, whose remarks on the restrictions within the Troubled Assets Relief Programme on US banks hiring foreign employees I could not improve upon:

Rules preventing US banks from hiring foreigners are a “complete and utter disgrace” and could prompt overseas governments to retaliate against American expatriates, Jamie Dimon, chief executive of JPMorgan Chase, warned on Tuesday. Read more

John Gapper

BlackRock and Larry Fink are under media scrutiny from various angles.

The FT locates a wise Swabian housewife and asks her about the financial crisis. Read more

John Gapper

David Brooks has an interesting column in the New York Times this morning about the traits of successful chief executives, which concludes that execution and organisational skills are far more important than the ability to inspire or be a good listener:

“The CEOs that are most likely to succeed are humble, diffident, relentless and a bit unidimensional. They are often not the most exciting people to be around.” Read more

John Gapper

Woodrow Wilson was the world’s first Twitterer, says Nick Carr.

David Carr feels the New York Times will survive. Read more

John Gapper

There is plenty of amusement to be had from reading Donald Trump’s deposition about how he calculates his riches. But I have some regard for his admission, reported in the Wall Street Journal, that his methodology is partly subjective:

“My net worth fluctuates, and it goes up and down with markets and with attitudes and with feelings, even my own feeling,” he told lawyers in the December 2007 deposition . . . Read more

John Gapper

The trove of documents and emails about Hank Paulson’s banking system bailout last October, uncovered by Judicial Watch, are interesting not only for the emails exchanged among Treasury officials but the light they shed on what has become a very controversial topic.

Did Mr Paulson force the nine biggest banks in the US to become partly-owned by the government, or did they take capital because they feared for their existence amid financial turmoil? Read more

John Gapper

My FT column this week is on the New York Times: Read more