The Economy is a Lie, too
Dr. Roberts is a former assistant Secretary of the Treasury, so he knows whereof he speaks on economics issues. And, for the record, he was equally scathing of economic policy under Bush II’s regime. Flashback: US credit shrinks at Great Depression rate prompting fears of double-dip recession | Nassim Taleb on the economy: ‘We still have the same disease’ | Flaherty sees deficit, debt, and timetable to return to surplus all expanding | Investors dump money market funds | Scotiabank: [more...]
Date: 2009-09-22 12:19:52
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Unemployed to reach postwar high: OECD
Well, you’re going to be unemployed for years, but the biggest banks are making record profits, so the economy is doing fine, just a little slow, or so we’re told. Recent: US credit shrinks at Great Depression rate prompting fears of double-dip recession | Nassim Taleb on the economy: ‘We still have the same disease’ | Flaherty sees deficit, debt, and timetable to return to surplus all expanding | Investors dump money market funds | Scotiabank: Global economy set to recover, China and [more...]
Date: 2009-09-16 11:31:21
9/11…OIL’s well!
It is better to look ahead and prepare than to look back and regret. We’ve come a long way forward in every sense. Funds flush with cash are offering psychological support at the moment. The fear of being left out is compelling many to step in even at higher levels, lest they under-perform. Since the advance in early March, the markets haven’t had a meaningful correction. [more...]
Date: 2009-09-11 03:51:00
In Case You Missed It: Business News Round-up
Contributed by Martin Mitchell of the Corporate Training Group. Federal Reserve Board Chairman Ben Bernanke says the US recession is probably over, and Governor of the Bank of England Mervyn King expects a slow recovery for the UK. Banks will face limits on the total amount they pay their staff in bonuses under proposals being drawn up by the Financial Stability Board. The board’s plans will be submitted to the G20 countries in advance of their summit in Pittsburgh next week. [more...]
Date: 2009-09-21 10:00:50
Wall Street Breakfast: Must-Know News
Cuomo subpoenas BoA directors. New York Attorney General Andrew Cuomo subpoenaed five board members from Bank of America ( BAC ) in connection with the probe over Merrill Lynch bonuses. The five directors will likely be asked how much they knew about Merrill's losses, what role they played in disclosure decisions, whether there was pressure from government officials and whether the board sought outside counsel. Cuomo is also considering possible civil fraud charges against CEO Ken Lewis. [more...]
Date: 2009-09-17 11:18:24
Gordon Brown urges EU to back new economic order
It’s pretty transparent that the new world order Brown keeps shilling for is being marketed to us as a way to ‘get the bankers’. This is a trick, since it will simply deliver economic power into the hands of a centralized clique of international bankers. The proper solution would be simply to prosecute and prohibit forms of fraud such as derivatives, which always cause the problem in the first place, like clockwork , at the behest of the aforementioned clique . [more...]
Date: 2009-09-18 23:30:16
Microsoft, BNY Mellon team on stimulus tracking
With more than $200 billion flowing into state coffers from the $787 billion federal stimulus package passed by Congress in February, tracking spending and measuring results has become a big concern for states. The federal government is trying to help with its recovery.org Web site, with guidelines and interactive maps on the mandatory reporting process. That hasn't stopped Microsoft Corp. (NASDAQ:MSFT) and Bank of New York Mellon Corp. (NYSE:BK), however, from providing a private-sector solution. [more...]
Date: 2009-09-15 16:17:10
Broad Cast 11 September 2009
(Alan Turing) Many historians credit the cracking of the German Enigma code by English mathematician Alan Turing with eventual Allied victory in World War II. At the very least, this breakthrough turned the tide of the war and saved untold thousands of lives. After the war, Turing went on to invent the Turing machine, which is considered the basis of all modern computing. For his accomplishments, in 1952 Turing was convicted of "gross indecency" because he admitted to having a gay relationship. [more...]
Date: 2009-09-11 19:00:00
G20 nations meet as protests flare on issue of international banking regulation
Again, the summit is being presented as a way to get the bankers, when it is in fact a further centralization of banking power. The picture below tells you much of what you need to know about the G20. And for new readers, it’s not that banks are inherently bad. But at the international level, economies are being governed now by a syndicate of privately held central banks that operate above the law and print money with which to acquire real equity. [more...]
Date: 2009-09-24 22:35:28
THE FINTAG NEWSLETTER @ 14 September 2009
FINTAG COMMENT Opinions. Trading the markets involves no emotion. It requires looking at all risks and finding ways to hedge them or more importantly making money from them. Having political views is fine but these must not cloud one's judgement so when we see Obama trying to fix something that is so fundamentally broken, like Wall Street, one must cry internally. Thanks to Bernanke and co, we have bigger banks, banks that cannot fail and banks that are more arrogant than ever. [more...]
Date: 2009-09-14 23:48:10
And miles to go…
If all difficulties were known at the outset of a long journey, most of us would never start out at all. We’ve bounced back from the bear market lows to reclaim a milestone. But, we are still a long way away from the all-time highs. The question now is how would the journey ahead be? There are no easy answers, though on the whole, the mood seems to be upbeat. [more...]
Date: 2009-09-18 03:47:00
Carney says G20 must stay the course on stimulus
Those reading the transcript of the interview may be surprised to discover that, for all the lip service Carney gives the US dollar, Canada holds 40% of its reserve currency stocks in Euros. Holding Euros is not recent - government reports online dating back to 1999 indicate at the time 24 million in Euro reserves were held. there was a coordinated attempt to prop up the Euro in 2000, an effort in which Canada was a player. In 2008, the figure was 238 million . Just a little history. [more...]
Date: 2009-09-25 15:36:08
The Venture Capital Infusions
From Entrepreneur.com : It’s not often that America’s small businesses get $2 billion in federal funds set aside just for them. But that’s what happened when President Obama signed the American Recovery and Reinvestment Act this February. Better known as the stimulus bill, the ARRA changed the rules for a little-known SBA program that loans money to qualified VC firms called Small Business Investment Corporations, or SBICs. [more...]
Date: 2009-09-09 14:00:00
Fed purchases roll on; News from Wells & TILA timing; Big (?) news from Citi
In Pennsylvania, G-20 leaders (I’m so old I remember the G-7 meetings…) begin their two-day Pittsburgh summit today. (The Steelers are away this weekend… so much for them taking in a game of American “gridiron”.) They have already warned economists that the recovery is still too fragile to even think about ending governments’ massive liquidity injections . [more...]
Date: 2009-09-24 16:11:24
Drumbeat: September 24, 2009
The population delusion THINK of the biggest crowd you've ever been in - perhaps 50,000 in a sports stadium. Just 6 hours from now there will be that many more people in the world, and another 50,000 in the following 6 hours, and on and on... No wonder that the burgeoning human population is often seen as is the single biggest problem facing our world. There are nearly 7 billion humans alive today, twice as many as there were in 1965, with 75 million more being added each year. [more...]
Date: 2009-09-24 14:05:51
Identity Theft - Will You Be A Victim?
by Mike White With the shopping season in full swing even though we are experiencing a difficult time across all industry sectors there is one ... literally drain your accounts and put you into debt into the bargain. Are you aware for example how ... anti virus measures so leave themselves vulnerable to information theft by key logging software [more...]
Date: 2009-01-10 08:47:37
ScamBuste 286
NOTIFICATION OF PAYMENT VIA ATM CARD This is to officially inform you that we have verified your contract/inheritance file presently on my desk, and I found out that you have not fulfilling the obligations giving to you in respect to your contract payment. Secondly, you are hereby advised to stop dealing with some non-officials in the bank as this is an illegal act and will have to stop if you so wish to receive your payment immediately. [more...]
Date: 2009-09-29 08:54:51
Small-cap, mid-cap indices nudge higher
Volatility ruled the roost as the key benchmark indices slipped with investors taking home some cash ahead of a long weekend and with the market open only for three days next week. Mostly lower global stocks also weighed on sentiment. The market remains closed for a public holiday on Monday, 28 September 2009 and again on Friday, 2 October 2009.The BSE 30-share Sensex fell 88.43 points or 0.53%, up about 80 points from the day's low and off close to 120 points from the day's high. [more...]
Date: 2009-09-25 15:59:00
Firm global stocks propel Sensex to highest level in nearly 16 months
The key benchmark indices surged to their highest level in nearly 16-months tracking firm global stocks. The market gained for the second straight day after taking a breather on Monday, 14 September 2009, following gains in the preceding six trading sessions. The BSE 30-share Sensex rose 222.59 points or 1.35%. The sentiment was upbeat as preliminary data showing a strong growth in advance tax payment by India Inc raised expectations of decent-to-strong Q2 September 2009 results. [more...]
Date: 2009-09-16 17:20:00
FDA Play: Redefining Breast Cancer Detection (OTC:LLBO)
Lifeline Biotechnologies Inc. (Public, PINK: LLBO ) With the recent gains in Hard to Treat Diseases Inc. (PINK:HTDS) and BioElectronics Corp. (OTC:BIEL), investors were left hungry for more undervalued, high potential biotech companies — Then came LifeLine Biotechnologies Inc (OTC:LLBO). As technology continues to redefine the modern era of medical advancements, certain companies will stand apart from the rest, as is the case with Lifeline Biotechnologies Inc. [more...]
Date: 2009-09-18 04:54:46
These deficits matter
Martin Feldstein: While the deficits caused by the fiscal stimulus package will end in 2011 and will help to sustain a fragile recovery in 2010, the deficits projected for the longer term are a threat to our economic future. The starting point for controlling those future deficits is for Congress to abandon the administration's health-care plan—a plan that will cost more than $1 trillion. The deficits projected for the next decade and beyond are unprecedented. [more...]
Date: 2009-09-08 13:42:00
E. Online Resources
If you have access to the Internet, there is a good deal of information you can find using your computer. But you can’t do it all—not every court decision or state statute is available online. Furthermore, unless you know what you are looking for—the case name and citation or the code section—you may have difficulty finding it. Still, there are a number of useful sites: • Nolo.com’s Legal Research Center . [more...]
Date: 2009-09-27 02:04:59
Wall Street Breakfast: Must-Know News
IndyMac's backdating scandal. The Treasury has launched a formal probe into the Office of Thrift Supervision after discovering a senior bank ... ;P reduced GM's unsecured debt to C and forecast a 'high' likelihood of bankruptcy. In the event ... , and for jeopardizing investors’ interests while collecting 'millions of dollars in fees.' Between [more...]
Date: 2008-12-23 12:16:14
Market snaps 5-day winning streak
The key benchmark indices snapped last five days' gains on fears a glut in share sales may suck liquidity from the secondary market. Profit taking emerged after a strong rally this month that took the market to a 16-month high on Tuesday, 22 September 2009. Volatility was the order of the day as traders rolled over derivatives contracts from September 2009 series to October 2009 series ahead of the expiry of September 2009 contracts on Thursday, 24 September 2009. [more...]
Date: 2009-09-23 13:21:00
Could the Satyam/PwC fraud be the visible part of an iceberg? Where are India’s “Generally Accepted Accounting Principles”? Isn’t governance rather poor all over corporate India? Bad public finance may be a root cause
In a March 5 2007 article in The Statesman, I said: “Our farmers are peaceful hardworking people who should be paying taxes and user-fees normally but should not be otherwise disturbed or needlessly provoked by outsiders. It is the businessmen wishing to attack our farm populations who need to look hard in the mirror – to improve their [more...]
Date: 2009-01-08 07:40:36
Market continues to rally; Nifty tests 5K
The key benchmark indices hit a 15-1/2 month high following improved investor sentiments on higher advance tax payments by companies for the September 2009 quarter. The 50-unit Nifty tested the iconic 5,000 mark on Thursday, 17 September 2009, but retreated to close some points below that levelAccording to numbers reported by newspapers, advance tax payments improved by as much as six times for some firms compared with the previous quarter. [more...]
Date: 2009-09-18 13:54:00
Moolanomy’s Past Articles By The Number
My family is going on a vacation for a few days. We’re going as far south as Virginia Beach on this trip and I look forward to see the Chesapeake ... When I Went to College 7 Steps Debt Reduction Illustrated 7 Ways To Get A College Degree For Less 10 “Preparing For Baby” Tips For the Frugal-Minded 10 Baby Steps to Financial Recovery 10 Ideas To [more...]
Date: 2008-07-03 12:00:05
Market snaps six-day winning streak on weak global stocks
The key benchmark indices snapped last six days' gains as world stocks fell on the eve of the first anniversary of the collapse of US investment back Lehman Brothers. Index heavyweight Reliance Industries (RIL) edged higher in volatile trade. The BSE 30-share Sensex fell 50.11 points or 0.31%, up close to 95 points from the day's low and off 40 points from the day's high. Auto and banking stocks were in demand. PSU OMCs also edged higher as crude oil prices fell. But realty stocks fell. [more...]
Date: 2009-09-14 17:13:00
Promises, promises...that we make to ourselves
So, it's that time again for New Year's resolutions. ... to haunt me.) They're about what you'd expect, taking aim at excess weight, debt, and lousy eating ... change. I'm in Day 3 of recovery of my Freecell addiction. It's one day at a time.... Rhys [more...]
Date: 2008-12-31 01:51:44
ECONOMIC SNAPSHOT: JANUARY 2009
According to the Center For American Progress, the U.S. economy is experiencing its worst recession in decades. Jobs and wealth are falling at a rapid pace, driving families more quickly into default, foreclosure, and bankruptcy. This crisis is precipitated by a sharp drop in consumer spending, as well [more...]
Date: 2009-01-14 03:19:00
Annual Report - 2008 - 2009 - Hotel Leela
HOTEL LEELAVENTURE LIMITEDANNUAL REPORT 2008-2009DIRECTOR'S REPORTTOTHE MEMBERSYour Directors have pleasure in presenting the Twenty-Eighth Annual Report of the Company together with its Audited Statement of Accounts for the year ended 31st March, 2009.1. Financial Results:The Company's performance during the year under review is summarised below: Rupees in crores Financial Year Financial Year [more...]
Date: 2009-09-09 02:44:00
Economic Activity Picks Up.
By Christian Amstadter Here is some good information on the G-20 summit as well as some economic news that would affect the Mortgage Industry Copyright (c) 2009 Christian Amstadter This week in Pennsylvania, the G-20 summit began with a 2 day meeting. The economy is still vwery fragile and that is almost identical from what the Fed’s have said in the recent past. [more...]
Date: 2009-09-29 06:01:24
IMF approves $13bn gold sale to boost lending fund
What this really accomplishes is two-fold. It depresses world gold prices, reducing the risk of flight from some the world currency the IMF is cooking up, and increases their kitty for predatory, string-attached loans which are then used to grab national resources. You’d think Guardian writers would know that. [more...]
Date: 2009-09-19 15:35:01
Four Days in Ohio
I feel a compulsive need to document vacations, even those spent at home, ... over too much television. I was suffering from severe reading debt before I was aware of it, which had lowered my IQ a full ten points before this morning's partial recovery involving James Buckley’ [more...]
Date: 2009-01-04 04:44:00
Strong Infosys results fail to lift market
Key benchmark indices extended losses for the fourth day in a row in what was a highly volatile trading session. Fall in index heavyweight Reliance Industries (RIL), telecom stocks and private sector banking pivotals offset rally in IT stocks on the back of stronger-than-expected Q3 December 2008 results by IT bellwether Infosys Technologies [more...]
Date: 2009-01-13 14:11:00
When The Chips Are Down, Chipmakers Resort To Other Means
Economic pain that has been hitting the financial economy and the brick and mortar retailers is hitting Silicon Valley as well ... shareholders will provide 500 billion won in fresh loans and extend the maturity of Hynix's debt ... in cash as of Sept. 30, Daiwa Institute of Research Ltd. estimated this month. Still, Hynix had net debt [more...]
Date: 2008-12-26 21:04:00
Revolution Now
by Richard T. Stuebi as posted to Huffington Post Sandwiched around the election of the first African-American President of the United States, we find the debacles associated with the collapse of the international finance sector and the imminent end of the American automotive industry as we've known it for decades -- accompanied by the scurrying [more...]
Date: 2009-01-05 17:14:52
Fed Watch: The Rapid Reversal
Tim Duy: The Rapid Reversal, by Tim Duy: The rapid shift in financial markets over the past month caught me off guard. I have long been of the view the US economy was undergoing a fundamental adjustment to an unsustainable external imbalance. That adjustment required a lengthy period of relatively slow domestic demand growth to bring US [more...]
Date: 2008-08-11 23:32:00
H&R Block Tax Facts
Perfect Storm: New tax laws, unstable economy highlight need to ensure fair share come tax time H& ... , educating taxpayers on a range of topics, including the recovery rebate credit, first-time homebuyer ... and Economic Recovery Act, this past year saw major tax law changes and extensions. So, with the start [more...]
Date: 2009-01-09 06:13:22
Sensex, Nifty settle at 15-month high
Key benchmark indices extended gains for the fourth straight session on a revival in monsoon and after a recent survey showed an improvement in business confidence of India Inc. An near 5% rally in index heavyweight Reliance Industries (RIL) which has a 13.18% weightage, the highest, in the Sensex, aided the upmove. The Sensex rose 59.88 points or 0.37%, up 138.78 points from the day's low and off 32.19 points from the day's high. [more...]
Date: 2009-09-09 16:56:00
ENGAGEMENT, TEAMWORK AND INNOVATION: THE 50 BEST EMPLOYERS TO WORK FOR
To save you some searching time, look at number 33. RANK COMPANY LOCATION BUSINESS 1 Protegra Inc ... 6 Solutions 2 GO Inc. Mississauga Video-game distribution 7 DRN Commerce Inc. London, Ont. Debt-recovery ... . Appliance manufacturer 3 Gibraltar Solutions Inc. Mississauga Information technology systems [more...]
Date: 2009-01-14 22:27:24
Strong Infosys results fail to lift market
Key benchmark indices extended losses for the fourth day in a row in what was a highly volatile trading session ... . The market bounced back later in choppy trade. But the recovery proved short-lived with the Sensex shedding 1.28% in at about 15:00 IST, before cutting losses.India's second largest software services exporter [more...]
Date: 2009-01-13 12:35:00
Market gains on the fourth straight day; Sensex, Nifty at 16-month high
The key benchmark indices posted small gains in choppy trade as a recovery in European stocks triggered intraday rebound on the domestic bourses. The market extended gains for the fourth day in a row. The BSE 30-share Sensex rose 30.19 points or 0.18%, up close to 135 points from the day's low and off close to 25 points from the day's high. The BSE Sensex and S&P CNX Nifty achieved their highest closing level in nearly 16 months.Cement and auto stocks rose even as banking stocks fell. [more...]
Date: 2009-09-18 13:33:00
Nine CEOs Who Will Go By The End Of The Year (CROX)(YHOO)(JAVA)(SIRI)(CBS)(VIA)(GM)(LEH)(Q)
Since 2006, 24/7 Wall St. has scrutinized public companies on a regular basis, focusing on those with poor management and has suggested which big company CEOs needed to be replaced. Hector Ruiz of AMD was on more than one of our lists. He stepped down last week. Charles Prince at Citigroup (NYSE:C) [more...]
Date: 2008-07-22 13:03:00
Ira Artman’s Sterling Slivers: Ways and Means (Reviving the Jumbo & Subprime Mortgage Market)
Steve Lambert, Open Clip Art Library - Sitting Elephant, 2007. If the ends don’t justify the means, What does? [more...]
Date: 2008-12-10 02:20:46
1-8-2009 (Thu Morning) Fin. & Econ. Activity
U.S. stocks slid for a second day after retailers from Wal-Mart Stores Inc. to Macy’s Inc ... ;>>China has bought more than $1 trillion of American debt, but as the global downturn ... of its entire economic output buying foreign debt, mostly American. In September, it surpassed Japan [more...]
Date: 2009-01-08 07:47:53
Investing Carnival #24
It is with great pleasure that I present to you the 24th edition of Investing Carnival supported by the members of The Dividend Investing and Value Network (The DIV-Net). There were quite a few entries for this edition. However, some were not included because 1.) they did not fit the topic, 2.) the page would not load and 3.) [more...]
Date: 2008-12-02 11:30:00
Jan 13, 2009
Day started out nice, with a few good trades, notably ADBE short. Then things turned into repetition of yesterday so we cut down on activity. Took couple stops, took couple scalps - all in all, we could finish the day after first morning trades just as well. Session Time: Tue Jan 13 00:00:00 2009 {nemo} guten morgen {Threei} [more...]
Date: 2009-01-13 21:13:50
21 Key Real Estate Analysis Measures & Formulas
By James Kobzeff A must-have article for anyone involved with real estate investing; ... ) - Cash flow before taxes is net operating income, less debt service and capital expenditures, plus ... because they require a financial calculator or investment real estate software to compute [more...]
Date: 2008-12-18 10:03:26
Revolution now
Revolution now As posted on Huffington Post Sandwiched around the election of the first African-American president of the United States we find the debacles associated with the collapse of the international financial sector and the imminent end of the American automotive industry as we’ve known it for decades accompanied by the scurrying of [more...]
Date: 2009-01-05 19:17:28
