Targa: Practice makes perfect

I hope you’re hungry. Porsche’s extremely, sublimely updated 2009 911 Targa 4S is quite a meal. It’s haute meat-and-potatoes, a fusion of rare and raw (in the right places), comfort and spice, complexity and simplicity - a high-end palate pleaser that’s mmm-mmm good.
I have to admit I had my doubts before I boarded […]

Job recovery could be slow and weak

In the midst of a recession, huge job losses are expected to continue for at least several more months. But what really worries economists is that the job market could be slow to recover even when the economy begins to improve.
In the recession that began in December 2007, the economy has shed more than […]

Thai Rate Cut More Than Expected on Protest, Politics

Thailand’s central bank cut its benchmark interest rate for the first time in 17 months to support an economy hurt by domestic political turmoil and the global recession.
The Bank of Thailand reduced its one-day bond repurchase rate by 1 percentage point to 2.75 percent, it said today in Bangkok. None of the 21 […]

Hedge Fund Manager Hendry Bets on Deflation With U.K. War Loans

Hugh Hendry, who oversees about $500 million as co-founder of Ecletica Asset Management in London, said he’s buying World War I debt on the bet the U.K. is due for its worst round of deflation since the Great Depression.
The gilts, known as perpetuals because they have no maturity date, have a coupon of […]