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Monthly Archives: February 2010

Greece Slits Its Own Throat

Posted: February 24, 2010 at 5:46 am

The conversations about the Greek debt load and deficit focus almost exclusively on programs to get the nation to cut costs in order to balance its budget. That leaves out the revenue ...
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The Race For The Broadband Baton That No One May Want

Posted: February 24, 2010 at 5:19 am

Google (GOOG) announced that it will test "superfast" broadband in more than 50,000 households and will offer connection speeds that are in some cases one hundred times faster than current services. It ...
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Back Into the Future With Consumer Confidence

Posted: February 24, 2010 at 3:54 am

Consumer confidence as measured by the Conference Board fell sharply this month. The “Present Situation” index fell to a 27-year low at 19.4 points because of the troubled job market ...
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Media Digest 2/24/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: February 24, 2010 at 3:49 am

Reuters:   The Fed will defend the breadth of its power before Congress. Reuters:   Hyundai will recall the Sonata because of lock issues. Reuters:   The Bank of Japan says it is ...
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Asia Markets And Europe Open (2/24/2010)

Posted: February 24, 2010 at 3:15 am

Markets in Asia were mixed The Nikkei fell 1.5% to 10,199. Toyota (NYSE: TM) fell. The Hang Seng was off .9% to 20,448. The Bank of China (NYSE: CEO) fell ...
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A Sign Of Things To Come: Google Antitrust Issues In Europe

Posted: February 23, 2010 at 8:28 pm

If it follows the patterns of many other antitrust probes of major US tech companies by the EU, Google (GOOG) will be in for scrutiny in major countries around the world.  ...
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Underwater Mortgages Hit 11.3 Million

Posted: February 23, 2010 at 7:25 pm

There is a reason that 702 American banks, nearly one in ten, were on the FDIC "problem list" as of the end of 2009. A large number of small and mid-sized banks are ...
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BofA: Dilution Before Dishonor (BAC)

Posted: February 23, 2010 at 3:42 pm

Bank of America Corp. (NYSE:BAC) holders decided that swallowing more dilution was preferable to having Uncle Sam as a business partner.  After all, it is easier to have a little less ...
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Sixty-One Percent Of Unemployed Not Hopeful About Finding Work

Posted: February 23, 2010 at 12:23 pm

In another blow to the notion that unemployment will improve, those with their feet on the streets looking for jobs are remarkably pessimistic about their prospects. A new Gallup poll ...
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The Good, the Bad, and the Ugly of ObamaCare

Posted: February 23, 2010 at 11:07 am

By Max Fisher, The Atlantic Wire President Obama unveiled his health care reform plan Monday morning. Forged as a compromise between the Senate and the House, and to a lesser ...
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Crumbling Consumer Confidence

Posted: February 23, 2010 at 10:09 am

It is possible to see both clear gains in economic statistics and very clear destruction in the economic statistics.  Today's consumer confidence reading was a major erosion and far worse ...
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Schwab Exchange Identity Crisis (SCHW)

Posted: February 23, 2010 at 9:29 am

Charles Schwab Corp. (NASDAQ: SCHW) is changing its listing from the NASDAQ  to the New York Stock Exchange.  Technically, this is either again or back to it.  The company said ...
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Top 10 Analyst Upgrades and Downgrades (BRCD, GLW, DISCA, FSLR, KFT, MIR, PAAS, PALM, RIMM, TKC)

Posted: February 23, 2010 at 8:47 am

These are this morning's top ten analyst upgrades, downgrades, and initiations seen in Wall Street research calls this Tuesday: Brocade Communications (NASDAQ: BRCD) Cut to Hold at Jefferies; Cut to ...
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Signs There Is No Intelligent Life At Consumer Reports: High Grades For Toyota

Posted: February 23, 2010 at 8:46 am

Consumer Reports released its study of the best vehicles sold in the US. Honda (HMC) finished in first place, Subaru in second, and Toyota (TM) in third. The firm said that ...
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Book Review: Liaquat Ahamed’s Lords of Finance

Posted: February 23, 2010 at 8:36 am

By John Tamny of Forbes   Long before Ben Bernanke, Henry Paulson and Tim Geithner were empowered to allegedly save the world's financial system from collapse, a collection of four ...
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