stock market

Mubarak’s Exit Lifts U.S. Stocks

by Kathryn Ciano on February 15, 2011 · 1 comment

in Economy, International

As Egypt settles into a cautious detente, stock markets around the world recover from their Jan 25 dip. As Mubarak ceded the presidency Friday, all three New York Stock Exchange indices and NASDAQ saw modest lifts. As stability is restored, people are more confident making investments.

Egypt’s own market has yet to recover. Mubarak dithered in office, first announcing that he would remain in place as a “figurehead,” then claiming that he would stay til the end of the summer.

Mubarak finally stepped down Friday afternoon, leaving Egypt in military hands while the government regroups. The Swiss Federal Department of Foreign Affairs has frozen Mubarak’s Swiss bank accounts and the funds that belong to “his circles” to avoid any risk of “embezzlement of state property” pending a resolution in Egypt.

LibertyWeek 14: Conviction Spooktacular

by Richard Morrison on October 29, 2008 · 1 comment

in Podcast

Prepare yourself for the latest episode of the best free market podcast around, LibertyWeek.

Your hosts Richard Morrison and Cord Blomquist discuss the looming presidential election, Halloween, the conviction of Alaska Sen. Ted Stevens, the continuing economic unease, tough times for the U.S. Postal Service, American companies react to Internet censorship abroad, Cox’s new wireless service, Microsoft’s new web-based OS Azure, and all the finest Olympic News.

Listen now!

BREAKING NEWS: Bailout Vote Fails in House

by Richard Morrison on September 29, 2008

in Bailout Watch, Economy, Precaution & Risk

The House of Representatives just voted down the $700 billion corporate finance bailout, despite earlier urging from President Bush to push the measure through. Look for in depth analysis from our very own John Berlau and the rest of the policy team as the day progresses. Read CEI’s roundup of the continuing finance crisis (and sign up for email updates) here.

NEW: John Berlau responds (and speaks!) in reaction to today’s vote. Updated post and audio clip here.