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| MarketWatch.com - Commentary |
| Bill Mann's Canada: CP Rail proxy fight: Very nasty, not very Canadian Thu, 17 May 2012 04:01:06 GMT The monthslong Canadian Pacific Railway Ltd. proxy fight, which culminates Thursday at the railroad’s annual meeting in Calgary, is being called a corporate culture shift in Canada. It’s also been quite nasty, which isn’t very Canadian.
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| Paul B. Farrell: The 4 hard lessons of 2008 that Dimon must accept Thu, 17 May 2012 04:01:21 GMT Will Jamie Dimon’s lesson in humility lead him to embrace the four broader lessons of 2008? Will this change not just J.P. Morgan but all the too-big-to-fail banks that control over 90% of America’s banking assets? Will Wall Street finally learn these four essential lessons?
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| Therese Poletti's Tech Tales: Betting on Facebook’s future Thu, 17 May 2012 04:00:58 GMT When the Facebook IPO party starts on Friday, investors are going to find that its hefty valuation will be based on a lot of hope, writes Therese Poletti.
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| MarketWatch First Take: Oil prices’ swift descent into summer Wed, 16 May 2012 18:42:42 GMT Energy market bears feast on a strong dollar, a weak economy, and Saudi assurances that they will not go hungry.
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| John Shinal's Tech Investor: Facebook IPO, you’re no Google — in five big ways Wed, 16 May 2012 17:11:56 GMT The very success of this week’s epic offering will make it harder for retail investors to make the kind of money they did on Google’s deal, writes John Shinal.
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| MarketWatch First Take: Greece gets worst of worlds with no euro decision Wed, 16 May 2012 16:50:26 GMT With Greek voters punting on the most fundamental decisions facing their economy, European leaders need to make decisive moves or risk a financial catastrophe, writes Steve Goldstein.
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| Michael Casey's FX Horizons: Aussie dollar can’t fall far enough for locals Wed, 16 May 2012 15:59:19 GMT Commodities booms can become double-edged swords for resource-rich countries, a lesson that Australia is now learning as a strong Australian dollar becomes an unbearable burden for much of its economy.
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| Matthew Lynn's London Eye: Germany will blink and won’t let Greece exit euro Wed, 16 May 2012 15:47:56 GMT The Germans are talking tough. When it comes to the crunch, however, they will blink, and deliver a Marshall Plan–style package to keep Greece in the euro, writes Matthew Lynn.
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| Corrections: Germany will blink, and won’t let Greece exit euro Wed, 16 May 2012 14:18:52 GMT A MarketWatch commentary erred in stating the size of a proposed “Marshall Plan” for Greece. The column has been corrected.
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| Al Lewis: Dimon didn’t practice what he preached at Harvard Wed, 16 May 2012 13:10:30 GMT Jamie Dimon told Harvard Business School grads to beware of self-deception. Then he went out and proved his point, reports Al Lewis.
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| Word of the day |
Merriam-Webster's Word of the Day for May 17, 2012 is:
maffick • \MAF-ik\ • verb
: to celebrate with boisterous rejoicing and hilarious behavior
Examples:
Fans mafficked for hours outside the stadium, celebrating the team's dramatic victory in the division championship.
"In half an hour, after the mildest of mafficking, the last visitors of the exhibition's last day had gone out of the gates and the staff began their final acts of closing up shop." — From an article in The Guardian (London), October 1, 2011
Did you know?
"Maffick" is an alteration of Mafeking Night, the British celebration of the lifting of the siege of a British military outpost during the South African War at the town of Mafikeng (also spelled Mafeking) on May 17, 1900. The South African War was fought between the British and the Afrikaners, who were Dutch and Huguenot settlers originally called Boers, over the right to govern frontier territories. Though the war did not end until 1902, the lifting of the siege of Mafikeng was a significant victory for the British because they held out against a larger Afrikaner force for 217 days until reinforcements could arrive. The rejoicing in British cities on news of the rescue produced "maffick," a word that was popular for a while, especially in journalistic writing, but is now relatively uncommon.