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Daily Archives: May 13, 2009

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New Obama Plan: Monitor Pay Of Everyone On Wall St.

Posted: May 13, 2009 at 5:21 am

According to The Wall Street Journal, the Administration is looking at a plan to drive the last talented person out of the financial industry. The paper writes that "The Obama ...
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Intel (INTC), Finally Fined By The EU, Faces Years Of Litigation

Posted: May 13, 2009 at 5:07 am

The EU finally fined Intel (INTC) for anti-competitive behavior and the amount of the fine was staggering--$1.44 billion. Intel has been accused of using pricing and special rebates to undermine ...
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Foreclosures Soar In April

Posted: May 13, 2009 at 4:55 am

Foreclosures took a frightening jump up in April. A report from RealtyTrac says that the number moved up 32% over April of last year and hit 342,038.  Homes defaults and ...
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Stress Testing Banks In Europe

Posted: May 13, 2009 at 4:35 am

The FT reports that the IMF wants to stress test banks in Europe. For the governments of the EU and UK move ahead with such a program, they will have to overcome ...
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Will Renting Be The Undoing Of Home Prices?

Posted: May 13, 2009 at 4:12 am

CNBC ran a brief segment on the number of people who have decided to rent homes and apartments rather than buy them.  The point of the reporting was simple. People ...
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bear

The Great Social Security And Medicare Panic

Posted: May 13, 2009 at 4:05 am

Every major newspaper and online news service carried that same headline, perhaps all written by the same copy desk: “Medicare And Social Security Face Insolvency." Cynics said that the announcement ...
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Media Digest 5/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: May 13, 2009 at 3:07 am

Reuters : Intel (INTC) said its results are running better than expected. Reuters :  The government is looking at a pay overhaul in the financial sector. Reuters: Economic woes are ...
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Sunset

Asia Markets And Europe Open 5/13/2009

Posted: May 13, 2009 at 2:29 am

Markets in Asia were mostly higher. The Nikkei was up .5% to 9,340. The Hang Seng rose .3% to 17,201. The Shanghai Composite rose 1.7% to 2,664. At the open ...
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