Economics of Painkiller Abuse
The regions of the U.S. in which painkiller use is extremely high also tend to be the poorest sections of the nation. Some of the reasons for this are not hard to fathom. Painkillers…
All Work
Douglas A. McIntyre
The Twitter-24/7 Wall St. Market Report (11/1/2011) Nomura Loss, Greek Madness
NYT: Nomura Posts $590 Million Loss USA Today: Greek referendum announcement shocks world stocks Economist: The Greek referendum: Voting away your debts http://ow.ly/7fec5 #Economist #Greece #EuroCrisis NYT: DealBook: Switzerland’s Credit Suisse Announces Job Cuts,…
What’s Important in the Financial World Today (11/1/2011) China PMI Trouble, Fed Divided, MF Global Fails
Bank plans to charge for debit cards abandoned. U.S. banks continue to abandon plans to charge fees to holders of debit cards. SunTrust (NYSE: STI) and Regions (NYSE: RF) today announced they will kill charges on…
The Global Financial Industry Continues to Crumble
Nearly lost in the news that MF Global (NYSE: MF) has collapsed under the strain of poor gambles about the EU’s future were announcements from larger banks that will cut their staffs. This is…
Greeks Go Wild, to Vote on Austerity
Greek Prime Minister George A. Papandreou will risk destroying his country’s bailout by other nations in the eurozone. He will offer a referendum on the austerity package meant to save Greece from default. He…
A Word From Those Who Still Think the Economy Is Doomed
The International Labour Organization warned in its “World of Work” report that “a stalled global economic recovery has begun to dramatically affect labour markets.” A major labor body has an incentive to make such…
Yahoo! Stock Back Where It Started
Yahoo!’s (NASDAQ: YHOO) shares are back where they started the year. There has been a great deal of information released by the portal company since then. Wall St. should know much more about the…
Media Digest (11/1/2011) Reuters, WSJ, NYTimes, Bloomberg
Greeks will vote on planned austerity, which could wreck the chances of a conclusion to the bailout. (Reuters) China’s PMI falls to the lowest level since early 2009. (Reuters) Chemical and defense companies hit…
When Will Gary Rodkin Push Andrea Jung Out As CEO Of Avon?
Gary Rodkin, the CEO of ConAgra Foods, is the only member of the Avon Products (NYSE: AVP) board who has the power to convince his fellow board members to force the resignation of long-time…
Today’s Best Market Rumors (10/31/2011) Groupon’s Low Cash, MF Global Bankruptcy?
Updated throughout the day The US government could delay its sale of AIG (NYSE: AIG) shares until their price improves (WSJ) MF Global may sell assets to Interactive Brokers Group as it faces Chapter…
Why American Car Sales Must Go Up
Auto sales are likely to remain strong in the U.S. However, the stock prices of General Motors (NYSE: GM) and Ford (NYSE: F) are down 30% so far this year. October domestic car sales…
Will Bank of America Back Away From Its Debit Card Fee?
Bank of America (NYSE: BAC) may not put the monthly $5 debit card fee it planned into place after all. The monthly toll was to be charged to customers who use the cards for…
A World Where the Recession Will Not End
The recession never ended for most consumers, not just in the U.S. but around the world. If consumer expenditures do not accelerate in the future, the recession will last longer. In this case, perception…
Media Digest (10/31/2011) Reuters, WSJ, FT, Bloomberg
Japan acts to lower the yen before the upcoming G20 meeting. (Reuters) Beacon Power (NASDAQ: BCON), backed by U.S. funds, goes bankrupt. (Reuters) Young and well-educated Greeks begin to leave the country. (Reuters) Panasonic…
The Myth About Lower Oil Prices
Oil prices are about $93 now. That is down from well over $100 a quarter ago, but is still not low enough to bolster the economy much. Consumers and many businesses are in too…
The Twenty-Five Most Valuable Blogs In America – 2011
After years in the shadows of major media sites, blogs have come into their own. They now compete directly with the most well-funded online content sites, many of which are owned by the largest…
Third Quarter 2011 Selected Financial/Operational Metrics For Major US Airlines
AMRComments as noted: Net profit/loss UAL = $773M DAL = $765M ALK = $131M LUV = $122M LCC = $ 95M JBLU = $ 38M AMR = -($162M) While most of the carriers have…
The Financial World Today: What’s Important (10/30/2011) Walmart Cuts Hours, Nook Trouble
Walmart (NYSE: WMT) will begin to cut hours at some of its 24-hour stores, a sign of flagging traffic as the holiday retail period begins. Walmart has been in the process of rebuilding its…
The Most Important Financial News (10/29/2011) YouTube Channels, HP Downgrade
Google’s (NASDAQ: GOOG) YouTube will launch 100 premium channels, in what will be the start-up of a bone-crushing competitor to online video sites like Hulu and Yahoo! video. YouTube’s size in terms of monthly…
The American Cities Where Mortgages Are Staying Afloat
President Obama recently announced he would extend the nation’s mortgage refinancing program in an effort to provide relief to homeowners whose mortgages are worth more than the value of their homes. With 11 million…