Archive for July, 2009:

David Nelson, Miami Regional Director, to Leave SEC

{ Posted on Jul 30 2009 by SEC.gov Updates: Press Releases }
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Categories : All, SEC.gov Updates
The Securities and Exchange Commission announced today that after serving as the Director of the agency's Miami Regional Office for nine years, and more than two decades of public service overall, David Nelson will be leaving the SEC to join ...Read More »

A Minimum Wage Equals Minimum Jobs

{ Posted on Jul 30 2009 by Shikha Dalmia }
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Categories : All, Reason Magazine - Economics
The media are never better at displaying their economic illiteracy than when they report on the minimum wage."Workers got a raise on Friday when the federal minimum wage was hiked 70 cents to $7.25 an hour," the Christian Science ...Read More »

Motorola on Our Downgrade Watch

{ Posted on Jul 30 2009 by Ockham Research Staff }
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“Motorola trying it turn it around. Trying it turn the ship around. Think Royal Caribbean here. They lost a penny the street thought 4 cents so Motorola up big on earnings.” — Fox Business Network 7/30/2009 Motorola (MOT) has seen shares ...Read More »

What Do These Three Regulators Have In Common?

{ Posted on Jul 30 2009 by Moe Tkacik }
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Categories : All, Clusterstock
Comptroller of the Currency John Dugan has added his name to the list of lame-duck Bush-appointee financial regulators that oppose the Obama Administration's proposed regulatory overhaul. Does this matter? Well, it's the first time we have ever agreed with friend-of-Wall Street Dugan, ...Read More »

IRS Figures Out How To Get Rich People To Pay Taxes

{ Posted on Jul 30 2009 by Moe Tkacik }
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Categories : All, Clusterstock
Tax evaders are "flocking in to confess their sins" to the IRS, reports today's Wall Street Journal: "Last week we had 400 [applicants] -- four times as many as in all of last year," said IRS spokesman Frank Keith, who declined ...Read More »

John’s “Campground” – Some Thoughts on Investing with Added Personal Value

{ Posted on Jul 30 2009 by Trent }
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Categories : All, Learning, The Simple Dollar
A while back, I wrote about my best friend (besides my wife), John. John doesn’t spend money on frivolous things at all - he spends way less than he earns and is really careful with his money, saving up ...Read More »

Spiking Public Pensions in California

{ Posted on Jul 30 2009 by Matt Welch }
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Categories : All, Reason Magazine - Economics
From the Capitol Weekly:The San Ramon fire chief, Craig Bowen, had a final salary of about $221,000, but he retired last December at age 51 with an annual pension of $284,000.The Moraga Orinda fire chief, Peter Nowicki, had a ...Read More »

Reappoint Ben Bernanke? No Way

{ Posted on Jul 30 2009 by Richard Bernstein }
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Categories : All, Clusterstock
Should we have re-elected Jimmy Carter in 1980 for his stewardship of the US economy?  Of course not.  Should Ben Bernanke be reappointed as Chairman of the Federal Reserve for his stewardship of the banking and credit systems?  Of course ...Read More »

Sorry, Speculators Aren’t Driving Up Oil Prices

{ Posted on Jul 30 2009 by John Carney }
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It seems like summer time is hunting season for speculators. Every year around this time lawmakers and regulators begin taking aim at "excessive speculation" in the energy markets. This time around the lord of the hunt is Commodity Futures Trading Commission ...Read More »

Wall Street Bull Artist Sues Author Of Lehman Brothers Book

{ Posted on Jul 30 2009 by John Carney }
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Our cautious skepticism about intellectual property laws, particularly when applied to the arts rather than technology, was confirmed this morning. The guy who made the iconic Wall Street bull is suing the publisher and authors of a new book about the ...Read More »
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