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Monthly Archives: February 2009

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Up Next For America’s Banks: Reconvening the House Committee on Un-American Activities

Posted: February 17, 2009 at 5:21 am

When the House Committee on Un-American Activities began its investigations after WWII looking for communists in the US government, it might have had a semi-legitimate goal. That objective did not ...
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Media Digest 2/17/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: February 17, 2009 at 3:56 am

According to Reuters, a poll of economists says the Japanese economy is likely to get worse. Reuters reports that Trump Entertainment may file for Chapter 11. Reuters writes that California ...
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Asia Markets And Europe Open 2/17/2009

Posted: February 17, 2009 at 3:21 am

Markets in Asia were sharply lower. The Nikkei fell 1.4% to 7,646. The Hang Seng was down 3.8% to 12,951. The Shanghai Composite was off 2.9% to 2,319. At the ...
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Microsoft (MSFT) Adjusts Investor Expectation Down

Posted: February 16, 2009 at 11:54 am

Wall St. is estimating that Microsoft (MSFT) will make $.40 a share in the current quarter and $1.77 for its fiscal year which ends in June. The company's CEO is ...
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What Each State Gets Under The Economic Stimulus Package

Posted: February 16, 2009 at 10:17 am

By Majorie Backman Marjorie Backman    DailyFinance Now that Congress has delivered to the president the economic-stimulus bill for his expected signature, how much aid will your state get in the ...
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Tax Cuts Are Great, but They’re Also a Non-Sequitur

Posted: February 16, 2009 at 8:06 am

John Tamny, RealClearMarkets Seeking to boost the economy, House minority leader John Boehner wrote in a recent op-ed for USA Today that our nation's fix lies in "fast-acting tax relief ...
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Sirius (SIRI): Firing The CEO Does Nothing

Posted: February 16, 2009 at 7:38 am

The latest chess move in the game to get control of Sirius XM (SIRI) is that the creditors are threatening to fire CEO Mel Karmazin if he takes the company ...
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Nokia (NOK) Goes After Apple (AAPL), Maybe

Posted: February 16, 2009 at 7:18 am

Nokia (NOK) is starting a software store for its handsets. According to MarketWatch, it will be "an online bazaar that will allow users to buy music or films as well as ...
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In Japanese GDP, A Foreshadowing For The US?

Posted: February 16, 2009 at 6:50 am

The US economy has a number of advantages over Japan. While Japan counts heavily on exports for its GDP growth, the US middle class consumes a great deal of what ...
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Nationalize This!!

Posted: February 16, 2009 at 6:31 am

The advocates for nationalizing US banks have been out in force recently.  Senator Lindsay Graham, who almost certainly does not have a PhD in economics or finance, told ABC News ...
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Media Digest 2/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: February 16, 2009 at 4:51 am

According to Reuters, Obama has dropped the idea of appointing a "car czar". Reuters reports that Japan's GDP is dropping at an annual rate of over 13%. Reuters reports that ...
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Asia Markets And Europe Open 2/16/2009

Posted: February 16, 2009 at 4:25 am

Markets in Asia were mixed. The Nikkei fell .4% to 7,750. The Hang Seng dropped .7% to 13,456. The Shanghai Composite rose 3% to 2,389. At the open in Europe, ...
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The US Won’t Let GM (GM) Go Bankrupt

Posted: February 14, 2009 at 4:10 pm

General Motors (GM) will not file Chapter 11. The government cannot afford to see a large portion of the job creation benefits of the stimulus package destroyed by having the ...
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Carl Icahn Holdings Show No Immunity To Market (IEP, BIIB, AMLN, MOT, YHOO, WMB, APC, TWX, TWC, AMD, TELK, QRCP, LEA, TIN, JCP)

Posted: February 14, 2009 at 2:16 pm

Billionaire and activist investor Carl Icahn has made some  large changes to his portfolio holdings.  He and Icahn Capital, L.P. have not been immune to the market sell-off as you ...
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Can Wall St. Dodge Government Pay Limits?

Posted: February 14, 2009 at 12:34 pm

Now that the government has set a number of caps on Wall St. pay packages, the question is whether the financial firms can get around some of the rules. Certainly not. Congress has ...
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