Escape to the West

November 6, 2009

By Evelyn Selig

I was 10 years old and living with my parents in East Berlin, when on the morning of August 13, 1961 we received news that the border between East and West Berlin was closed. At that time my father was working in West Berlin, in the French Section. (The Berlin we were living in after the war was actually divided into 4 sections – the American, French and British in the West and the Russian Section in the East).

The day ahead: Friday

November 5, 2009

Employers likely cut payrolls by the least amount in 14 months in October, as the economy’s revival boosted optimism, but the jobless rate is seen touching a fresh 26-year high.

The Day Ahead: Thursday

November 4, 2009

Sales results will pour in from a wide range of chain retailers, while investors who bought media shares on hopes for an ad comeback will look to CBS for guidance.

The Day Ahead: Wednesday

November 3, 2009

It’s D-day at the Fed, as Chairman Ben Benrnake (pictured) and the Federal Open Market Committee unveil their latest policy decision. Virtually no-one is expecting a rate move, but, rather, the focus will be on language and how the Fed weighs recent upbeat economic data against fears that a burgeoning recovery is on shaky ground.

It’s not a train set when it’s valued at $34 billion

November 3, 2009

Warren Buffett calls his bet on railroad Burlington Northern Santa Fe “an all-in wager on the economic future of the United States.”

The day ahead: Tuesday

November 2, 2009

The Federal Reserve is widely expected to keep its benchmark interest rate where it has been since December — near zero — when it concludes a policy meeting this week.

The day ahead: Friday

October 29, 2009

A report on personal income in September is expected to show households remain under pressure and the Reuters/University of Michigan consumer sentiment index for October is seen falling.