The SEC has announced it will put 5 variations on short-selling rules up for public comment for 60 days. Two are versions of the uptick rule; three are ways to introduce circuitbreakers. [View news story]
Was there a 60 day comment period before the SEC decided to dump the uptick rule and give Bush's Wall Street buddies/contributors the right to destroy the financial system at taxpayer's expense?
Let us not overthink this. How does needing more time to do due diligence make the deal unlikely? Sun is large and complex. Research and future plans are clearly not in the public domain.
Not to say that this is a done deal. It is just as simple as it appears. IBM needs more time to do its due diligence.
Duke coach to Pres.: "... as much as I respect what he's doing, really, the economy is something that he should focus on, probably more than the brackets." [View news story]
To the Duke Coach:
Maybe, just maybe, the President can walk and chew gum at the same time!
"At least we haven't yet seen the resolution that was proposed in the English parliament, in 1720 in the aftermath of the South Sea bubble, that bankers be tied in sacks filled with snakes and tipped into the Thames. But it's still early days." [View news story]
I am forwarding this to my Congressman and Senators for serious consideration
Where have all the unions gone? "The way to get the economy back on track is to boost the purchasing power of the middle class," former Secretary of Labor Robert Reich writes today in an LA Times op-ed. "One major way to do this is to expand the percentage of working Americans in unions." [View news story]
Absloutely agree with the first 3 commentators. Unions are a curse on US businessmen. Unions created the middle class. We should ban all unions so that people like Thain can make multibillion dollar bonuses and Citi can pay its tellers subliving wages and use taxpayer money to buy private planes!
Crude may plunge to $10 a barrel, First Global's chief strategist Devina Mehra says, as waning demand becomes demand destruction. Says OPEC's influence is overrated. (video) Meanwhile Goldman's Arjun Murti, who not so long ago called for $200/barrel oil, now sees $45 in 2009. [View news story]
Analyst workshop:
take the last 3 months trend and extrapolate it forever!
for that you get paid about 10 times the average GM worker's wages!
Former HP CEO Carly Fiorina in a WSJ op-ed: Business leaders must step forward and be part of the solution by volunteering greater disclosure and accepting responsibilities. Otherwise we will be treated as the source of the problem. [View news story]
Business leaders are the source of the problem!
Look at the banks..26 quarters of great results and then bankruptcy.
Even with a bailout, automakers would still be running on fumes, Rick Newman at FlowChart says - so get ready for a second, a third, or even a fourth. "No matter how much money Washington sends to Detroit, it won't give consumers a reason to buy cars." [View news story]
So many naysayers! maybe we should just give up and go back to the stone ages!
Gabe: If it quacks like a recession..It IS a recession. You sound like a very well read person, you should know that all govt. statistics especially in an electionyear are suspect.
I hope-wish you are right. However the headwinds seem to be too strong. If China stopd reinvesting their dollars in the US, if housing prices do not recover, If financial companies do not find a way to recover their losses, we are all sunk.
The article is obviously biased in favor of XOM. The book or accrued taxes are just an accounting term. The more relevant amount is actual cash taxes paid out. Most tax liability is deferred for ever. Yes, the tax deferred from sometime in the past is due today, but it is more than offset by a much larger deferral from the current periods. The result is as long as the company continues to purchase capital assets it will not pay the deferred taxes. Just pull out XOM's balance sheet for the last 5 years and check out the cash taxes paid. I bet it will be less than $6 billion per year. I also bet that it is lower than the average tax rate paid by the lower 50% of the population!
The SEC has announced it will put 5 variations on short-selling rules up for public comment for 60 days. Two are versions of the uptick rule; three are ways to introduce circuitbreakers. [View news story]
Anwar Bhamla
Talks between IBM (IBM) and Sun Microsystems (JAVA) may extend beyond next week, a source says. The more times this extends from week to week, the more plausible the red herring theory becomes. IBM +0.9%. JAVA +1.6%. [View news story]
Not to say that this is a done deal. It is just as simple as it appears. IBM needs more time to do its due diligence.
Duke coach to Pres.: "... as much as I respect what he's doing, really, the economy is something that he should focus on, probably more than the brackets." [View news story]
Maybe, just maybe, the President can walk and chew gum at the same time!
"At least we haven't yet seen the resolution that was proposed in the English parliament, in 1720 in the aftermath of the South Sea bubble, that bankers be tied in sacks filled with snakes and tipped into the Thames. But it's still early days." [View news story]
Outrageous. [View news story]
Where have all the unions gone? "The way to get the economy back on track is to boost the purchasing power of the middle class," former Secretary of Labor Robert Reich writes today in an LA Times op-ed. "One major way to do this is to expand the percentage of working Americans in unions." [View news story]
Yep Unions are the cause of all our problems!
Crude may plunge to $10 a barrel, First Global's chief strategist Devina Mehra says, as waning demand becomes demand destruction. Says OPEC's influence is overrated. (video) Meanwhile Goldman's Arjun Murti, who not so long ago called for $200/barrel oil, now sees $45 in 2009. [View news story]
take the last 3 months trend and extrapolate it forever!
for that you get paid about 10 times the average GM worker's wages!
Former HP CEO Carly Fiorina in a WSJ op-ed: Business leaders must step forward and be part of the solution by volunteering greater disclosure and accepting responsibilities. Otherwise we will be treated as the source of the problem. [View news story]
Look at the banks..26 quarters of great results and then bankruptcy.
Even with a bailout, automakers would still be running on fumes, Rick Newman at FlowChart says - so get ready for a second, a third, or even a fourth. "No matter how much money Washington sends to Detroit, it won't give consumers a reason to buy cars." [View news story]
Market Currents poll: Do buyers mount a late-afternoon rally, or are we headed for new intraday lows? Weigh-in in the comments. [View news story]
Labor Pains: Deeper Contractions [View article]
I hope-wish you are right. However the headwinds seem to be too strong. If China stopd reinvesting their dollars in the US, if housing prices do not recover, If financial companies do not find a way to recover their losses, we are all sunk.
To all readers: Be defensive, very defensive.
Exxon's 2007 Tax Bill: $30 Billion [View article]