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  • Cyprus' parliament is due to meet at 6 pm local time (12 pm ET) today to decide on a proposal to levy bank deposits, although given that the vote has been postponed twice, don't bet on it happening this evening. Russia, whose citizens hold €30B in deposits in Cyprus, is furious and has made threatening noises about a $2.5B loan to the island that needs to be renegotiated. Beyond that, Russia could retaliate via energy supplies to Europe. [View news story]
    Stealing money is just that. Makes no difference if from a wallet or purse or financial acct. The money belongs to people, end of story.
    Mar 19 08:14 AM | Likes Like |Link to Comment
  • Employers are bracing for a little-noticed fee in the federal health care law that will charge them $63 for each person they insure next year. The fees will hit most large U.S. employers, and several are lobbying for changes; Boeing (BA) and a union health plan covering retirees of GM, Ford (F) and others have asked federal regulators to shield their insurance recipients from the fee. [View news story]
    after all the exceptions - who pays? I think we all know, it translates to you and me.
    Mar 15 08:16 AM | 2 Likes Like |Link to Comment
  • Illinois has become only the second state to be accused of securities fraud, with the SEC saying that it misled bond investors from 2005-2009 about the ever-worsening condition of its public workers' retirement plans by claiming that it was properly funding the scheme when it wasn't. However, while Illinois has agreed to a cease-and-desist order, it has escaped any fines and it hasn't had to admit any wrongdoing. (PR[View news story]
    what is the point of this SEC investigation (one might extend that to what is the point of the SEC....)? SEC investigates and finds wrongdoing, points it out, (anyone paying attention knows there was wrongdoing) and then nothing happens. No admission of guilt, etc. no prosecution of the key players that did the wrong. No one went to jail, no one lost any benefits, no one lost a job, no one was barred from working for the state or in this field in the future, There was not even a slap on the wrist with a wet paper towel. Does anyone believe they won't do it again? I don't. SO, what is the point of the SEC, does it seem to anyone like there is no point?
    Mar 12 08:50 AM | 1 Like Like |Link to Comment
  • The DJIA is up 0.6% in early trade to 14,211, surpassing the October 11, 2007 intraday all-time high of 14,198. The record closing high is 14,164. [View news story]
    Built on money printed at record speeds backed by....... nothing ! How is that something to celebrate?
    Mar 5 09:45 AM | 7 Likes Like |Link to Comment
  • H-P (HPQ) is officially done with webOS and embracing Android. LG has bought webOS and related IP from H-P, with plans use it in smart TVs. H-P tried to reinvent webOS as an app development platform, but that didn't go far, and much of the team left for Google. Meanwhile, H-P has announced the Slate 7, a $170 7" Android tablet that supports H-P's ePrint tech, but sports ho-hum specs otherwise. H-P, which has delayed making Windows RT tablets, says it wants to "have a broad set of [tablets] on the market" - Microsoft might not be thrilled to hear that. (high-end tablet rumor[View news story]
    interesting trade off between price / performance.
    $170, probably sell for less at retail.
    Feb 25 09:56 AM | Likes Like |Link to Comment
  • An editor with The New York Times backs up Elon Musk's claims that a reporter's test drive of a Tesla Motors (TSLA) was flawed, saying "casual and imprecise notes" were taken during the trip. Though falling short of saying the reporter sabotaged the drive intentionally, it's a major win for Musk and the company in the high-profile PR battle[View news story]
    This is simply an example of the "finest journalism" that the NYT trumpets in their tv adds. The times has always been biased, that has not changed.
    Feb 19 08:50 AM | 1 Like Like |Link to Comment
  • The shareholders are getting restless at Western Union (WU), according to analysts. The biggest criticism aimed at the company is that it isn't adjusting fast enough to a money transfer industry which is going digital. It appears CEO Hikmet Ersek has until the end of the year to show progress before shareholder activism picks up. [View news story]
    WU is among the most commonly forged items for transferring money. I stay away from any thing they offer. By the way a "money" transfer results in the recipient being handed a check! Imagine being in a distant city, no wallet, cash, credit cards, id, etc. and have a family member send you a money transfer.
    Now you have a check - big help that is!
    Feb 8 09:08 AM | Likes Like |Link to Comment
  • Retail shakeup: Could the potential closure of a third of all of Barnes & Noble's retail stores over the next ten years give a boost to Starbucks (SBUX)? It's a question which will be closely watched as analysts dissect Starbucks' retail strategy in the U.S. with saturation issues still cropping up in some markets. [View news story]
    may be that the stores with the starbucks in them are more profitable and will be less likely closed?
    Jan 29 09:15 AM | Likes Like |Link to Comment
  • Outgoing Treasury Secretary Timothy Geithner is fairly upbeat about the economy in a leaving interview with the WSJ, saying it's in the "fourth quarter" of its recovery from the financial crisis, although "unemployment is still very high." Geithner also defends rescuing the financial system despite it appearing as if "you're giving aid to the arsonist." [View news story]
    perhaps he should mention just how he managed to overlook paying his own taxes, and all the penalties he would have had to deal with, except for the detail he probably got a pass as he was tres. sec.
    Jan 18 08:53 AM | Likes Like |Link to Comment
  • Sturm, Ruger (RGR +3.7%), Cabelas (CAB +5.6%), and Smith & Wesson (SWHC +2.6%) trade higher after President Obama signs 23 executive orders on gun control limits which come in addition to the laws the administration is pushing Congress to pass. While there is little question the companies will post stellar earnings in Q1, the debate focuses now on how long the demand rush will last or what will be the whipsaw action if the NRA helps blocks some of the pending legislation. [View news story]
    There are only 20,000 PLUS firearms laws now in force. Criminals and those with serious psychological issues don't care about the first 20,000 laws. But some how a new law (or 10 or 15 new laws) will stop them completely! NOT!! Logic flaw, can you see it?
    Jan 16 01:59 PM | 5 Likes Like |Link to Comment
  • Stocks sink to session lows 40 minutes before the bell, the S&P 500 -0.8%, the Nasdaq -1%. The Fed's QE announcement in mid-September marked the top of a big summer rally. Has the Fed's latest QE announcement marked the peak of another sizable move higher? [View news story]
    actually it is quadrillion, then quintillion need we go further, momentary lapse, we are talking O'bama (pot of gold?) sextillion is after quintillion.
    Dec 13 04:46 PM | 1 Like Like |Link to Comment
  • Nov ADP Jobs Report: +118K vs. +125K consensus, 158K prior. [View news story]
    double it, no triple it and we would STILL be many years to full employment in our economy.
    Dec 5 09:27 AM | 1 Like Like |Link to Comment
  • Solyndra and parent company 60 Degree Solar have won court approval to exit bankruptcy protection despite government objections. While Solyndra will be liquidated, 60 Degree Solar will be free to make new investments. Under a restructuring plan, the government is unlikely to receive any of its $528M claim from a loan guarantee, nor will holders of $186.6M in secured debt. [View news story]
    Well said!
    thanks, you saved me a bunch of typing and made the point I would.
    WELL SAID!!
    Oct 23 07:47 AM | Likes Like |Link to Comment
  • Inflation data for September is due out this morning, with economists estimating that CPI fell to +0.5% from +0.6% in August. The main factor for the price rises are increasing energy costs - core inflation, which excludes such factors as well as food, is seen at +0.2%. [View news story]
    Odd how only in DC no one buys food or fuel, so we an ALL just ignore these irrelevant items.
    Oct 16 08:08 AM | Likes Like |Link to Comment
  • Tesla Motors (TSLA -0.2%) says that October 19th is the date that its supercharger stations will open in California, enabling Model S owners to catch a charge to power their vehicles another 300 miles. The company set up the six stations strategically near restaurants and attractions. The bigger issue: If the EV market grows, which restaurant chain will be the first to add charging stations alongside their drive-through windows? [View news story]
    Who writes this nonsense?
    Someone who does not mention just how long that charge will take. Supercharger. Really? Without a doubt fast charging will reduce long term battery life, imho.
    Oct 12 10:57 AM | Likes Like |Link to Comment
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