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Treasury Secretary Hank Paulson emerged from his bunker in the epicenter of the financial crisis today to give us an update on his recent efforts to keep the U.S. economy afloat. In an upbeat Op-Ed piece in The New York Times, Paulson reported that he has successfully ”deployed a $250 billion capital injection” and stabilized […]


https://businessfacilities.com/2008/11/magician-makes-250-billion-disappear/
Treasury Secretary Hank Paulson emerged from his bunker in the epicenter of the financial crisis today to give us an update on his recent efforts to keep the U.S. economy afloat. In an upbeat Op-Ed piece in The New York Times, Paulson reported that he has successfully ”deployed a $250 billion capital injection” and stabilized […]

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Latest: Magician makes $250 billion disappear - Treasury Secretary Hank Paulson emerged from his bunker in the epicenter of the financial crisis today to give us an update on his recent efforts to keep the U.S. economy afloat. In an upbeat Op-Ed piece in The New York Times, Paulson reported that he has successfully ”deployed a $250 billion capital injection” and stabilized […]

Magician makes $250 billion disappear

Treasury Secretary Hank Paulson emerged from his bunker in the epicenter of the financial crisis today to give us an update on his...

The New Silk Road

It was announced today that the central Asian country of Kazakhstan will receive $700 million from the Asian Development Bank (ADB) to construct a...

Red, white and blue states

Abraham Lincoln was the first president to refer to America as ''the United States'' instead of ''these United States.'' When he dedicated a cemetery in...

Pity the fool

When Alan Greenspan presided over the Federal Reserve for 18 years, he periodically appeared before Congress to mutter some ethereal bromides ...

Live from Germany, It’s Monday Night!

This afternoon, I had the privilege of interviewing Volker Hoff, the minister of federal and European affairs for the German state of Hessen....

Crimson tide swamps Birmingham

The fiscal tsunami triggered by the collapse of Wall Street's investment banking giants is poised to drown an entire county in Alabama. According to a...

You’ve got a new partner, Bjorn

After some brief consultations with their new friend in Moscow, Iceland's leaders hastily announced that oil-rich Russia had agreed to loan the country $5.4 billion, roughly the equivalent of a third of Iceland's GDP.

Philadelphia success story

In June, we took note in this space of Sheriff John Green of Philadelphia's refusal to enforce court-ordered foreclosure auctions in the city. The...

Save U.S.

Here's the understatement of the year for you: The United States is in some pretty deep trouble. As our presidential nominees debate whether or not...

Hydrogen-powered road test

When you turn the ignition key in your car and nothing happens, the first thing most of us do is get out and check...

Bridge to nowhere

In one of our favorite Honeymooners episodes, Ralph Kramden's buddy Ed Norton is bragging about an investment he just made in a new firm...

Rebuilding of World Trade Center site is still years away

Within months of the hideous terrorist attack in 2001 that destroyed the World Trade Center, state and city officials in New York unveiled ambitious...

Cali is Growing Smarter by the Mile

When I was an undergraduate student in Bethlehem, PA, I made a friend from California who told me something I still remember to this...

Tapping out an S.O.S.

When we last left the Federal Deposit Insurance Corp., the Depression-era aqency that backs up our bank accounts was trying to keep a lid...

Trump this, Donald

Does the cube farm in your office have the population density of Shanghai? Do you eat your lunch next to the copy machine because the...

The Mom and Pop Shop’s Gritty View of Government

Small business owners in the United States are overwhelmingly disillusioned and dissatisfied with the federal government, according to a recent press release from American...

Biotech, biotech sis boom bah!

When cheerleaders from Ohio and Pennsylvania start shouting at each other, it's usually because Penn State's Nittany Lions and The Ohio State...

Dollar keeps falling, but Tennessee is rising

A few months ago, we reported in this space that there is a silver lining in the generally depressing story of the plummeting U.S....

The three-legged frog that ate Nutley

For the past 80 years, Nutley, NJ has been a company town. For as long as anyone can remember, the Swiss pharmaceutical giant ...

LEED Gets A Makeover! Americans Get Bored?

Yesterday, I received a press release from the U.S. Green Building Council (USGBC) announcing the new certification bodies for the LEED Green...

Spittin’ in the wind

When we last left Rex Tillerson, chief executive of Exxon Mobil, the $479 billion fossil fuel empire he commands was proudly announcing...

Hottest ticket in town

A rather bizarre sight greeted tax attorney Mark Vulcan when he arrived for work at the Maryland Department of Business and Economic Development (DBED)...

Fannie Moe, Larry and Curly

As panicked depositors lined up in sweltering heat out West to bang on the doors of the shuttered IndyMac banking giant, the...

Retail: Open for Business!

Back in May, Business Facilities ran a special advertising article on the retail industry, which highlighted a couple of U.S. retail hot spots....

“Coal” is the New “Casino”

As I posted in April, Native Americans continue to push past stereotypes that peg their economic development efforts as nothing more than roulette wheels...

Selling ice to the Eskimos

There is a classic scene in the Simpsons movie when Homer and his family—arriving in Alaska to hide out from the EPA after...

New Camrys equipped with cable TV, dirty dishes

Does all the talk about the coming wave of electric cars have you thinking about extension cords? Or, to be more specific, do you...

Ahnold terminates the competition at BIO

About two dozen state economic development programs were showcased at last week's BIO conference in San Diego, but for at least one...

Business Aviation Rapidly Expands in the United States

Today, we open our blog to Mr. Frederick Metz Shepperd of Switzerland-based Quadral Group (www.quadralgroup.com). Frederick is also a member of ...

Not the Sheriff of Nottingham

Until recently, everyone in the current fiscal debacle has been playing their parts in a predictable manner. Top banking execs who presided over multi-billion-dollar losses...

The future arrives on 52nd street

We were standing on Sixth Avenue in the middle of Manhattan the other day, trying to hail a cab. The traffic was...

The Importance of Taking the “LEED”

This summer, Business Facilities is devoting a lot of editorial coverage to businesses going green; our June cover story will look at...

Don’t read this before you eat lunch!

For as long as we can remember, tourists heading for Mexico have been warned: ''Don't drink the water!'' Well, if you're planning to fill...

China’s Road-building Investment in Congo

In developed nations, access to major roadways is taken for granted. We have six-lane dual carriageways, networks of precisely paved arteries ...

Emerald City

They broke ground earlier this year for the headquarters of Masdar City, which according to its sponsors will be ''the world's first...

Happy Birthday, Spike

On May 1, 1931, President Herbert Hoover pressed a button in Washington, D.C. and the lights went on in the Empire State...

Recession What?

These days it's hard to stay up on the news without being subjected to talk of recession this and recession that. Now,...

A river runs through it

The devastation caused by Hurricane Katrina in 2005 started a national conversation about levees. Suddenly, a lot of people who couldn't tell the difference...

The Hopeful Hopi Tribe

Today, an article out of Arizona caught my attention for a couple of reasons. First, I don't often come across economic development news stories...

A breath of fresh air from coal country

Earth Day has everyone thinking "green" this week, so we thought this would be the perfect time to talk about a coal...

Business Facilities & COVID-19

COVID-19 Response And Recovery Update

Economic development organizations and local businesses keep finding inspiring and innovative ways to join forces to meet the most urgent needs of this unprecedented crisis.

Staying Safe And Strong In Ohio

When the Coronavirus arrived in Ohio, Governor Mike DeWine was ready. Putting public health first, Ohio quickly established best practices for staying safe and strong, a blueprint for its recovery.

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Business Facilities Featured Location Spotlight

Location Spotlight: Wheeling, Illinois

Located in the heart of Chicago’s prestigious northern suburbs, Wheeling is a diverse and dynamic community of 40,000 people, distinguished by its unique balance of industry, commercial development, and residential neighborhoods.

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It’s Game Day at the Georgia Ports Authority!

It’s Game Day at the GPA! Executive Director Griff Lynch will present the Georgia Ports Authority’s virtual 2020 State of the Port Address, with the latest developments in infrastructure and global trade at the Port of Savannah: 11 a.m., Oct. 22, 2020. Register for the free online event at gaports.com.