The News Review:
- BND REPRT: Treasurys Trade Higher After Auction; GE Downgrade …
- Cash-hungry US states turn to Web to auction goods
- Man pleads guilty in stolen Hitler bookmark case
- Antique car auction end of an era for Stone Mountain museum owner
- Treasurys rise after 30-year note auction
- bama erred on key cap-and-trade features economists say
- CareerBuilder sues Bank of America over auction-rate securities
BND REPRT: Treasurys Trade Higher After Auction; GE Downgrade …
CNNMoney.com
“It was a sigh of relief to investors who had been concerned going into theauctions that the market would choke on it” said Michael Pond Treasurystrategist at Barclays Capital. Bonds struggled to hold slim gains earlier after a pair of government reportsshowed that retail sales were stronger than anticipated but that jobless claimsrose muddying the outlook for the U.
Cash-hungry US states turn to Web to auction goods
Reuters
municipalities strapped for cash as the recession decimates revenues are stepping up sales of everything from old police cars helicopters and bicycles to confiscated jewelry and slot machines in an effort to reduce swollen deficits. And municipalities that previously relied on old-fashioned auctions conducted in local parking lots are getting more sophisticated turning to the online world as they seek to maximize their sales. As many as 46 states are struggling with deficits according to the Washington-based Center on Budget and Policy Priorities. And governments which are required by law to close budget gaps are being creative in seeking ways to meet the shortfall. “Anything that we can dispose of that generates revenue definitely helps to reduce any deficit that we have in the budget” said Greg Spearman director of purchasing for Tampa Florida. Tampa recently raised more than $300000 from the sale of a 1978 Piper police airplane.
Man pleads guilty in stolen Hitler bookmark case
The Associated Press
Police in Spain said three men took it and some jewelry from a glass display case at the auction house Duran Subastas de Arte in Madrid during working hours on ct. Reportedly given to Hitler by Eva Braun after the Nazis surrendered at Stalingrad the turning point in their invasion of the Soviet Union the bookmark is inscribed “My Adolf don’t worry.
Related from Freewheelintornados: Hurricane evacuee pleads guilty in Pasadena death
Antique car auction end of an era for Stone Mountain museum owner
Atlanta Journal Constitution
And by sundown Sunday they’ll all be gone dispersed to new owners along with former Gov. Lester Maddox’s 1923 Model T Ford and more than a thousand items from the Protsman family’s bulging collection. The auction Saturday and Sunday of the shuttered museum’s contents will be a two-day nostalgia wallow of old cars vintage bicycles Coca-Cola memorabilia carousel animals signed baseballs jukeboxes old-fashioned barber chairs antique toys and more. “I’m almost 72” explains Protsman. who quietly closed the museum in December and plans to use the money generated to travel with his wife Ruthie. “I been doing this 46 years. It’s time for someone else to have some fun with it.
Treasurys rise after 30-year note auction
The Associated Press
The auction got nearly two-and-a-half as many bids as notes available. The Treasury Department has been selling debt at a record pace as it tries to fund the government’s stimulus and bailout efforts. Just this week it auctioned $63 billion in long-term government securities. As the stock market rallied Treasury prices rose too.
bama erred on key cap-and-trade features economists say
New York Times
The primary influence is the existence of an emissions cap. “bama also erred in overstating the role of emissions auctions during the implementation of the sulfur dioxide trading program created through the 1990 Clean Air Act Amendments. “We put in an auction system and a trading mechanism and lo and behold American ingenuity and American entrepreneurship and inventiveness created options that ended up being much cheaper than anybody had imagined — much cheaper than anybody had imagined” the president said. But the 1990 law signed by President George H.
CareerBuilder sues Bank of America over auction-rate securities
Chicago Tribune
Illinois Joint Ventures Tribune Co. Banking Microsoft Corp. 5 million in auction-rate securities it can’t unload because credit-market turmoil has frozen the entire auction system for over a year filed suit against Bank of America in Chicago this week demanding that the bank which sold it the troublesome debt instruments buy them back.