The weekend's unprecedented upheaval--culminating Sunday night in the collapse of Lehman Brothers and the sale of Merrill Lynch to Bank of America--bared the Achilles heel of the industry: Brokers finance their daily operations using funding that is apt to disappear quickly and with little warning.
In any case, while Daily Finance (where I used to work) and Politics Daily may well vanish, it seems clear that the sites with the strongest brands TechCrunch and Engadget, above all will continue to operate under those rubrics.
An even bigger concern is how the debt-ridden railways ministry will secure more funding with bonds from the finance ministry, China Daily notes.
The German Finance Minister, Wolfgang Schaeuble, told the Athens daily Ta Nea that he believed the austerity measures were not just working but making up for decades of policy lapses.
Writing in the Daily Telegraph, he said solving the eurozone finance crisis should be the priority.
Who in their right mind would enter the daily deal space now, or worse, finance such an endeavor?
Partly because of perceptions that the International Monetary Fund has become too powerful, governments are now considering a wider role for the BIS. Pakistan Finance Minister Sartaj Aziz says that the BIS could provide daily reports on the trading levels of each currency to give monetary authorities a better grasp of currency market movements.
In a survey of pawnshop customers, Elaine Kempson, from Bristol University's Personal Finance Research Centre, found that over half had pawned possessions to buy daily necessities, including food.
Hu asked the finance ministers and central bank chiefs to implement these ideas, according to a story in China Daily on Wednesday morning.
But Forbes.com also has an abundance of unique and timely content, including 12 news departments that daily are chock-full of hard-hitting, original stories on business and finance.
There is also a lot of upbeat coverage in The Beijing News, China Daily and other media on a mooted Brics reserve fund, as well as a development bank that will finance infrastructure projects among the five members as well as developing countries.
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