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Posts Tagged ‘stalemate’

Xanadu bill footnote may weigh on Corzine

Tuesday, August 19, 2008 : Permalink

NorthJersey.com – Governor Corzine’s conscience was clear last week after signing a law to bring a $200 million aquarium to the Coney Island by the Meadowlands – better known as the Xanadu project.

In a footnote, buried at the bottom of a press release, Corzine said he had been assured by an ethics panel that the move posed no conflict of interest, even though the big tank could boost the bottom line of Xanadu investor, Daniel Neidich, one of Corzine’s "closest friends" and a former Goldman Sachs crony.

But Corzine’s public disclosure – New Jersey’s low hurdle of ethical absolution – may have backfired. Instead, of winning points for being a Boy Scout, Corzine may have plopped the troubled Xanadu project back into the public fishbowl for another punishing round of public scrutiny.

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Dollar near 1-mth high vs euro before US jobs

Friday, August 1, 2008 : Permalink

Forbes – The dollar edged up towards a one-month high against the euro on Friday before monthly U.S. jobs data later in the day, with investors viewing the report as a key hurdle for whether the U.S. currency can sustain its rebound.

A mixed bag of U.S. data released the previous day showing the economy expanding less than expected in the second quarter, a spike in jobless claims but a pick-up in Midwest business activity did not prove decisive for the dollar. [ID:nN31399964]

Investors are still looking for the Federal Reserve to raise interest rates later in the year, just as mounting signs of economic slowdown from the euro zone to Australia have started to take a toll on other major currencies.

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