CBS (CBS +1.8%) CEO Les Moonves warns the network could go off the air in a matter of days as the company continues to ramp up the rhetoric over the issue of Aereo transmitting its shows. The exec also threw aside the notion CBS might buy Hulu - a service he thinks will move to a subscription-only model. (Previous on the nuclear option for broadcasters: I, II) [View news story]
Can't think of anything that would make me happier than to have CBS go off the air. Come on Les, make it happen! Sure I like some of the TV shows, but the news is dreadful and full of propaganda. In the end getting rid of the lies is more important than enjoying a few minutes of entertainment.
A bipartisan Senate bill would force all banks to hold capital of 10% and those with over $400B in assets an extra 5%. The strictest provisions would hit six banks: JPMorgan (JPM), BofA (BAC), Citigroup (C), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS). Analysts reckon the bill has little chance of becoming law, although its authors reckon support for the measures are growing. [View news story]
"The only reason we have to make them hold more capital is if they fail the government will step in and no one is allowed to lose money."
This is exactly the problem, if the banks fail then the government should step in and protect the FDIC insured accounts to the maximum amount only and let the frikin banks, their shareholders, their investors, their bondholders, their CEOs fail. Simple capitalism at work.
Cyprus passes two of the measures necessary to secure a €10B bailout. Notably, the Cypriot parliament has approved the use of capital controls, which may limit the amount depositors can withdraw once banks reopen. The measure may also restrict fund transfers, limit debit card transactions, and ban redemptions of time deposits, among other possibilities according to The Guardian. [View news story]
Topcap, I agree its not likely tomorrow, but in the end all dictators take the savings of the middle class. Politically it's hard to control the middle class. The lower class, yes, they have to vote for handouts, the upper class yes, they have to vote to keep their ill gotten gains. The middle class not so much.
Read some history, it has happened every single time. Make no mistake about it we are moving quickly to a political dictatorship. The media and the education system have already decided on a single party winner. If we don't wake up and embrace the value of the two party system to protect us from government then we are doomed.
If judges and congress don't wake up and figure out they are becoming irrelevant then we are doomed. In the name of the children voters are going to destroy America.
All politicians are evil and its time the media gave up this love affair with the "do no wrong" Democrats, so we can get this country back on track.
I can't believe anyone would support the "we have to pass this bill to see what is in it" Pelosi. Now we have seen, and its all bad.
Cyprus passes two of the measures necessary to secure a €10B bailout. Notably, the Cypriot parliament has approved the use of capital controls, which may limit the amount depositors can withdraw once banks reopen. The measure may also restrict fund transfers, limit debit card transactions, and ban redemptions of time deposits, among other possibilities according to The Guardian. [View news story]
Cyprus passes two of the measures necessary to secure a €10B bailout. Notably, the Cypriot parliament has approved the use of capital controls, which may limit the amount depositors can withdraw once banks reopen. The measure may also restrict fund transfers, limit debit card transactions, and ban redemptions of time deposits, among other possibilities according to The Guardian. [View news story]
The world banking system just took a big hit this week, and they are too stupid to see it.
FOMC Announcement: The economy has returned to moderate growth, says the committee, even as fiscal policy has become more restrictive. The asset purchase program remains in place. Chairman Bernanke's press conference begins at 2:30 ET. [View news story]
Loosing Rookie, liberals don't think. Period. It's all about feeling and emotion.
General Moly (GMO) -6.1% AH on news of the suspension of its $665M loan being negotiated with China Development Bank for work on its Mt. Hope molybdenum project in Nevada. The chairman of the group arranging the loan reportedly has been detained by Chinese authorities. [View news story]
These CEOs think China is New York, when will they learn.
FOMC Announcement: The economy has returned to moderate growth, says the committee, even as fiscal policy has become more restrictive. The asset purchase program remains in place. Chairman Bernanke's press conference begins at 2:30 ET. [View news story]
Zero, the way these people were taught, they don't get your point. In fact, they read your comment and think hey, this guy/gal zero thinks just like me.
FOMC Announcement: The economy has returned to moderate growth, says the committee, even as fiscal policy has become more restrictive. The asset purchase program remains in place. Chairman Bernanke's press conference begins at 2:30 ET. [View news story]
Zero, its been done, look at Zimbabwe and others. Zimbabwe even prints $100 Trillion bills for you to carry around. The only minor problem with your idea is that it will cost $10 million to buy a coke. Printing is not as free as it seems.
Heard during Home Depot's (HD +0.4%) presentation at the ISI Retail Summit: 1) The company says it has reached a point of saturation in the U.S. and the focus will be on productivity. 2) Sales per square foot is a metric which can be improved as efficiencies pick up. 3) 2013 corporate targets include 9 new store openings in North America, 2% sales growth, and a 3% gain in comparable-store sales. 4) No plans to bring back the Expo concept as online channels look more promising. (webcast) [View news story]
Jason, no cares about quality any more, its all about price. Heck most new homeowners have no clue that you should not really have to replace your lawn mower every 5 years. Get with it, it is now a throw away society.
Heard during Home Depot's (HD +0.4%) presentation at the ISI Retail Summit: 1) The company says it has reached a point of saturation in the U.S. and the focus will be on productivity. 2) Sales per square foot is a metric which can be improved as efficiencies pick up. 3) 2013 corporate targets include 9 new store openings in North America, 2% sales growth, and a 3% gain in comparable-store sales. 4) No plans to bring back the Expo concept as online channels look more promising. (webcast) [View news story]
Crap this means merchandising (getting rid of slow sellers and only carrying popular items.) While shortsighted for HD, it will be a boost for on-line hardware retailers.
FOMC Announcement: The economy has returned to moderate growth, says the committee, even as fiscal policy has become more restrictive. The asset purchase program remains in place. Chairman Bernanke's press conference begins at 2:30 ET. [View news story]
How many times as this "The economy has returned to moderate growth" been stated by the propaganda news outlets and FOMC. I guess they believe that if you say it enough it will become true.
Bernanke press conference: "The lack of thresholds come from the complexity of the problem," he says, responding to a question about why the FOMC isn't issuing guidance about what economic indicators it wants to see before altering QE. The Fed is looking for "sustained improvement" in a range of data. [View news story]
Let me convert this from Washington Speak to English, "We don't have the foggiest idea what is going on and we don't want to be held to any standard of action or commitment to action (in case the political winds change)."
Chairman Bernanke's press conference is underway: Curiously talking about gasoline early in his opening statement, Bernanke says the Fed believes temporary refinery repair shutdowns have much to do with prices hovering near $4 per gallon. [View news story]
Of course, Obama stating he wanted $5 per gallon means nothing.
Of course, Obama blocking pipelines means nothing.
Of course, Obama blocking drilling offshore means nothing.
Of course, Obama blocking new refineries means nothing.
Of course, Obama mandating that refineries add new additives to all gasoline means nothing.
The Washington Post (WPO -0.6%) plans to charge frequent users of its website a monthly fee to view content. The move follows in the footsteps of heavyweight publications such as the Wall Street Journal, Financial Times, Boston Globe, and New York Times which have been successful with the paywall model to a degree. [View news story]
Sittingcrow, not usually. But you might have something in this case. After I wrote it, it seemed to me that one might think I was talking about the readers when in fact I was talking about the publisher since most people will not pay for the propaganda that passes as news these days.
CBS (CBS +1.8%) CEO Les Moonves warns the network could go off the air in a matter of days as the company continues to ramp up the rhetoric over the issue of Aereo transmitting its shows. The exec also threw aside the notion CBS might buy Hulu - a service he thinks will move to a subscription-only model. (Previous on the nuclear option for broadcasters: I, II) [View news story]
A bipartisan Senate bill would force all banks to hold capital of 10% and those with over $400B in assets an extra 5%. The strictest provisions would hit six banks: JPMorgan (JPM), BofA (BAC), Citigroup (C), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS). Analysts reckon the bill has little chance of becoming law, although its authors reckon support for the measures are growing. [View news story]
This is exactly the problem, if the banks fail then the government should step in and protect the FDIC insured accounts to the maximum amount only and let the frikin banks, their shareholders, their investors, their bondholders, their CEOs fail. Simple capitalism at work.
Cyprus passes two of the measures necessary to secure a €10B bailout. Notably, the Cypriot parliament has approved the use of capital controls, which may limit the amount depositors can withdraw once banks reopen. The measure may also restrict fund transfers, limit debit card transactions, and ban redemptions of time deposits, among other possibilities according to The Guardian. [View news story]
Read some history, it has happened every single time. Make no mistake about it we are moving quickly to a political dictatorship. The media and the education system have already decided on a single party winner. If we don't wake up and embrace the value of the two party system to protect us from government then we are doomed.
If judges and congress don't wake up and figure out they are becoming irrelevant then we are doomed. In the name of the children voters are going to destroy America.
All politicians are evil and its time the media gave up this love affair with the "do no wrong" Democrats, so we can get this country back on track.
I can't believe anyone would support the "we have to pass this bill to see what is in it" Pelosi. Now we have seen, and its all bad.
Cyprus passes two of the measures necessary to secure a €10B bailout. Notably, the Cypriot parliament has approved the use of capital controls, which may limit the amount depositors can withdraw once banks reopen. The measure may also restrict fund transfers, limit debit card transactions, and ban redemptions of time deposits, among other possibilities according to The Guardian. [View news story]
Cyprus passes two of the measures necessary to secure a €10B bailout. Notably, the Cypriot parliament has approved the use of capital controls, which may limit the amount depositors can withdraw once banks reopen. The measure may also restrict fund transfers, limit debit card transactions, and ban redemptions of time deposits, among other possibilities according to The Guardian. [View news story]
FOMC Announcement: The economy has returned to moderate growth, says the committee, even as fiscal policy has become more restrictive. The asset purchase program remains in place. Chairman Bernanke's press conference begins at 2:30 ET. [View news story]
General Moly (GMO) -6.1% AH on news of the suspension of its $665M loan being negotiated with China Development Bank for work on its Mt. Hope molybdenum project in Nevada. The chairman of the group arranging the loan reportedly has been detained by Chinese authorities. [View news story]
FOMC Announcement: The economy has returned to moderate growth, says the committee, even as fiscal policy has become more restrictive. The asset purchase program remains in place. Chairman Bernanke's press conference begins at 2:30 ET. [View news story]
FOMC Announcement: The economy has returned to moderate growth, says the committee, even as fiscal policy has become more restrictive. The asset purchase program remains in place. Chairman Bernanke's press conference begins at 2:30 ET. [View news story]
Heard during Home Depot's (HD +0.4%) presentation at the ISI Retail Summit: 1) The company says it has reached a point of saturation in the U.S. and the focus will be on productivity. 2) Sales per square foot is a metric which can be improved as efficiencies pick up. 3) 2013 corporate targets include 9 new store openings in North America, 2% sales growth, and a 3% gain in comparable-store sales. 4) No plans to bring back the Expo concept as online channels look more promising. (webcast) [View news story]
Heard during Home Depot's (HD +0.4%) presentation at the ISI Retail Summit: 1) The company says it has reached a point of saturation in the U.S. and the focus will be on productivity. 2) Sales per square foot is a metric which can be improved as efficiencies pick up. 3) 2013 corporate targets include 9 new store openings in North America, 2% sales growth, and a 3% gain in comparable-store sales. 4) No plans to bring back the Expo concept as online channels look more promising. (webcast) [View news story]
FOMC Announcement: The economy has returned to moderate growth, says the committee, even as fiscal policy has become more restrictive. The asset purchase program remains in place. Chairman Bernanke's press conference begins at 2:30 ET. [View news story]
Bernanke press conference: "The lack of thresholds come from the complexity of the problem," he says, responding to a question about why the FOMC isn't issuing guidance about what economic indicators it wants to see before altering QE. The Fed is looking for "sustained improvement" in a range of data. [View news story]
Chairman Bernanke's press conference is underway: Curiously talking about gasoline early in his opening statement, Bernanke says the Fed believes temporary refinery repair shutdowns have much to do with prices hovering near $4 per gallon. [View news story]
Of course, Obama blocking pipelines means nothing.
Of course, Obama blocking drilling offshore means nothing.
Of course, Obama blocking new refineries means nothing.
Of course, Obama mandating that refineries add new additives to all gasoline means nothing.
The Washington Post (WPO -0.6%) plans to charge frequent users of its website a monthly fee to view content. The move follows in the footsteps of heavyweight publications such as the Wall Street Journal, Financial Times, Boston Globe, and New York Times which have been successful with the paywall model to a degree. [View news story]