1. Lazy Days files for Chapter 11 1 hour ago   permalink

Neil Buchalter / Dealscape

Lazy Days RV Center Inc. has parked its fleet of motor homes in bankruptcy protection, ready to carry out a prenegotiated restructuring deal. The Seffner, Fla., company filed for Chapter 11 on...

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LLC. / Financial Services
Lazy Days files for Chapter 11 MagnaChip Semiconductor Emerges from Chapter 11   —  SEOUL, South Korea, Nov. 6 /PRNewswire/ -- MagnaChip Semiconductor ("MagnaChip" or "the Company") announced that its Second Amended Plan of Reorganization confirmed by the United States Bankruptcy Court for the District of Delaware on September 25, 2009 (the "Plan"), will become effective on Monday, November 9, marking MagnaChip's emergence from ...

2. U.K.: Bank of England Warns of "Doom Loop" 1 hour ago   permalink

Www.calculatedriskblog.com

From The Telegraph: Bank of England says financiers are fuelling an economic 'doom loop' On the eve of the G20 meeting of finance ministers in Scotland, Andy Haldane, the Bank's executive director for financial stability warned that the relationship between the state and banks represents a "doom loop" which will keep inflicting crises on the ...

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the UK and world
Bank of England says financiers are fuelling an economic 'doom loop'   —  The banking sector must be overhauled as profoundly as in the wake of the Great Depression or financiers will 'game the state' over and over again.

Yahoo! News
U.S. regulators close Gateway Bank, Prosperan Bank   —  Reuters - Bank regulators closed Gateway Bank of St. Louis, in St. Louis, Missouri, and Prosperan Bank, of Oakdale, Minnesota, on Friday, the 118th and 119th U.S. bank to fail this year.

3. Britain gives impetus to global tax on banks 1 hour ago   permalink

Britain gives impetus to global tax on banks
Yahoo! News

Reuters - World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resistance to a global tax.

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Times Online
Britain gives impetus to global tax on banks Gordon Brown sparks fresh row over Tobin tax for banks   —  Gordon Brown has raised the possibility of a new global tax on banks as a repayment for the billions of pounds of taxpayers money they have received.

By JANE WARDELL / SFGate
Britain gives impetus to global tax on banks Britain urges steps to insure financial system   —  Britain called for consideration of a global tax on financial transactions to insure against another crisis and urged world finance officials meeting Saturday in Scotland to agree on bearing the cost of fighting climate change. British Prime Minister Gordon... Gordon Brown - Climate change - Scotland - Great Britain - Environment

4. Week in Review: Brooklyn's Fairy Tale House for Sale, 11 Spring Finds a Buyer, Latest Crazy Greenpoint Plan, ... 42 minutes ago   permalink

Joey / Curbed

This week's top stories : On the Market: Hansel and Gretel's Bay Ridge Hidey Hole , BLOCKBUSTER: Nolita's 11 Spring Street Has a Buyer! , New Cooper Union Building's Secrets Revealed! , Closings Begin at Nouvel's West Chelsea Vision Machine , Curbed Inside: Harlem's PS90 Gets Un-Schooled , Frank Gehry's WTC Performing Arts Center: Worth Saving? ,

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Curbed Staff / Curbed
Week in Review: Brooklyn's Fairy Tale House for Sale, 11 Spring Finds a Buyer, Latest Crazy Greenpoint Plan, ... Eater Tastings: Shake Shack South, Greenpoint's Piano Man, Jean-Georges Bids Adieu to Vong, More!   —  This week's top dish from Eater , Curbed's restaurant, bar, and nightlife blog... 1) Miami : Miami? Miami! Eater Miami launches with word of Danny Meyer's Shake Shack extending its burger benefits to Lincoln Road in Miami Beach. According to reps, Shake Shack South will open in spring 2010 and provide the famed burgers with a setting including " ...

StarTribune.com Business
House members face decisive vote on Obama health care plan; GOP united in opposition   —  WASHINGTON - President Barack Obama is trying to close the deal in the House on his health care overhaul, facing a make-or-break vote that's certain to be seen as a test of his presidency.

5. China offers Africa more trade, investment 2 hours ago   permalink

SFGate

China is offering to abolish import duties on some commodities from Africa and make sure Chinese exports to the continent are safe as part of a package to boost already thriving economic ties, China's commerce minister said in an article published Saturday.... China - Tariff - Asia - Export - Africa

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The Seattle Times
China offers Africa more trade, investment   —  China is offering to abolish import duties on some commodities from Africa and make sure Chinese exports to the continent are safe as part of a package to boost already thriving economic ties, China's commerce minister said in an article published Saturday.

Mark Thoma / Economist
"Why the Renminbi has to Rise to Address Imbalances"   —  Martin Feldstein joins those arguing that China must let the value of the renminbi rise: Why the renminbi has to rise to address imbalances, by Martin Feldstein, Commentary, Financial Times: Global leaders have agreed reducing global imbalances is a priority....

6. India warns on trade approach to climate 35 minutes ago   permalink

Financial Times

Nitin Desai, a member of Manmohan Singhs council on climate change, says a hard-nosed concession-based negotiation to reach a consensus on how to combat global warming would likely founder

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Financial Times
India warns on trade approach to climate UK urges divided G20 to reach climate finance deal   —  British finance minister Alistair Darling urged his G20 counterparts to work toward a $100bn deal on tackling climate change as developing nations held firm they did not want to talk about it

The Independent
India warns on trade approach to climate The G20 wants to stop climate change – but who on earth will pay for it?   —  As if they hadn't got quite enough on their plates already, the finance ministers of the G20, meeting in St Andrews, have also set themselves the task of saving the planet. Strange, but true. Even the clever people at HM Treasury may be feeling the strain.

7. US unemployment and the Fed - Nov-06 35 minutes ago   permalink

US unemployment and the Fed - Nov-06
Financial Times

“Low rates of resource utilisation.” That was one of the three factors the Fed identified this week as underpinning what is now an explicitly conditional forecast that it does not expect to raise rates for at least six months. With unemployment now at 10.2 per cent and possibly set to peak close to 10.5 per cent, ”resource ...

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Joseph Lazzaro / BloggingStocks
US unemployment and the Fed - Nov-06 Fed signals low rates will continue 'for an extended period'   —  Filed under: Forecasts , Federal Reserve , Recession , Financial Crisis Is a Fed rate tightening up ahead any time soon? Despite concern that low, real, short-term interest rates are hurting the dollar. Don't count on it. First, the U.S. Federal Reserve wants to encourage banks to lend -- for auto purchases, and especially for business loans -- ...

8. The Galley Slaves Aren’t Feeling It 36 minutes ago   permalink

Www.ritholtz.com

Randall Forsyth steps in occasionally for the Up and Down Wall Street column when Alan Abelson is on vacation or otherwise indisposed. He writes with a similar skepticism, perhaps not as dark as Abelson’s, his prose sparer, a tad less purple.

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Online.barrons.com
The Galley Slaves Aren’t Feeling It Labored Conditions   —  THE RISING TIDE LIFTS ALL SHIPS, but the galley slaves aren't feeling it. They're rowing harder than ever to make up for their colleagues who have been thrown overboard (getting rid of that extra weight improves the vessel's efficiency).

9. Your Best Chance to Profit in 2009 2 hours ago   permalink

Your Best Chance to Profit in 2009
Fool.com

If, after 2008, you still expect the stock market to fund your retirement, most people probably consider you a few Congressmen short of a bailout. (Zing!) Yes, it was tough being openly optimistic after a year in which every bull became a steer.

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FT.com
Your Best Chance to Profit in 2009 Buffett's Berkshire Hathaway triples profit   —  Warren Buffett highlighted his rebound from last year's poor performance as strong stock markets and derivatives gains helped Berkshire Hathaway, his investment vehicle, triple profits in the third quarter to $3.24bn.

Www.nypost.com / NY Post
Your Best Chance to Profit in 2009 Buffett's Berkshire profits triple   —  Billionaire investor Warren Buffett's Berkshire Hathaway said third-quarter profits tripled as stock markets advanced and the cost of compensating insurance customers for storm damage dropped. Net income advanced to $3.24 billion, or $2,087 a shar...

10. Six top trades for the rest of 2009 1 hour ago   permalink

Six top trades for the rest of 2009
Sam Collins / BloggingStocks

Filed under: Stocks to Buy , Best Stocks for 2009 After seven months of one of the strongest rallies in history, the stock market is showing signs of faltering. From here on out through the rest of 2009, I believe the advance will shift gears, and instead of recording new highs every month, the trend will tend to flatten. And as we head into the ...

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Joseph Lazzaro / BloggingStocks
Six top trades for the rest of 2009 Despite stock's sluggishness, Hess remains a buy   —  Filed under: Stocks to Buy So far, institutional investors (IIs) have not noticed that Hess Corp.'s (NYSE: HES ) upstream operations (exploration and production) should benefit from high oil prices in the $80 per barrel range. But the argument here is that eventually they will, preferably starting in early 2010, which is why I'm reiterating my ...

11. What’s Wrong with Modern Macroeconomics? - Conference Papers 33 minutes ago   permalink

What’s Wrong with Modern Macroeconomics? - Conference Papers
Mark Thoma / Economist

What’s Wrong with Modern Macroeconomics? CESifo Conference Centre, Munich 6 - 7 November 2009 Programme Friday, 6 November 2009 Session I Chair: Gerhard Illing 09:00 – 09:50 The Roles of Ideology, Institutions, Politics and Economic Knowledge in Forecasting Macroeconomic Developments...

12. Sweden and Finland clear Nord Stream plan 35 minutes ago   permalink

Financial Times

Nord Stream, the proposed gas pipeline between Russia and Germany, clears two crucial hurdles as Sweden and Finland give the go ahead for the $7.4bn project

13. Editorial: Bullion quest is no golden opportunity 35 minutes ago   permalink

Financial Times

Gold purchases do nothing to change the monstrous growth of reserves in surplus nations, particularly in Asia, which means they also do nothing to address the global macroeconomic imbalances that leaders profess to worry about

14. How strong is the UK economy? The fight continues - Nov-06 35 minutes ago   permalink

Financial Times

An increasingly bitter dispute among economists is raging over the accuracy of the preliminary official figures showing a 0.4 per cent economic contraction in the third quarter. In one camp sits Goldman Sachs, led by Kevin Daly, who says the figures are “unbelievable, literally”. Now Danny Gabay of Fathom Financial Consulting accuses ...

15. More than 1 in 6 is unemployed or underemployed 43 minutes ago   permalink

More than 1 in 6 is unemployed or underemployed
Jill Fallon / Business of Life

Broader Measure of U.S. Unemployment Stands at 17.5%  reports The New York Times. More than one out of every six workers — 17.5 percent — were unemployed or underemployed in October. The previous recorded high was 17.1 percent, in...

16. Finite Resources: One Possible Explanation for the Energy Crisis 1 hour ago   permalink

Finite Resources: One Possible Explanation for the Energy Crisis
Rembrandt / The Oil Drum

This is a slide video of the presentation given by Gail Tverberg at the Oil Drum/ASPO Conference at Alcatraz, Italy in June 2009. Her talk is about Finite Resources: One Possible Explanation for the Energy Crisis ( Presentation PDF 1.3 MB ). Finite Resources: One Possible Explanation for the Financial Crisis from Rembrandt Koppelaar on Vimeo .

17. Bits Bucket For 1 hour ago   permalink

Ben Jones / The Housing Bubble Blog

Post off-topic ideas, links and Craigslist finds here. Please visit the HBB Forum.

18. Afghans killed during search for missing U.S. troops 1 hour ago   permalink

Reuters

KABUL (Reuters) - NATO forces mistakenly killed seven Afghan soldiers and police in an air strike during a battle while searching for two missing American soldiers in Afghanistan, the Afghan Defense Ministry said on Saturday.

19. The future of car safety 1 hour ago   permalink

Business and financial news

20. Vegas shop part of military wedding gown giveaway 1 hour ago   permalink

SFGate

A Las Vegas bridal salon says will give away free wedding gowns to military brides-to-be on Veterans Day. Couture Bride owner Annette Cirillo-Bergen says up to 45 designer and sample gowns will be given away beginning at 10 a.m. Wednesday on a first-come,... Wedding dress - Las Vegas Nevada - Business - Weddings - Fashion