March 2009

Stories I'm watching this Monday: Stocks fall again 7 things we can learn from Warren Buffett's shareholder letter David Moffett must have realized there wasn't much upside in that job Barrons article on how to profit from the coming "green" initiatives Why Canadian banks are doing it right States raising taxes on all kinds of things Is America leasing gold to keep the price ... read more

Stories I'm watching this Tuesday: Low interest rates not helping as pending home sales fall again Steve Forbes says the worst may be coming WSJ: President Obama running out of people to blame for bad market GM now seeking a bailout from Europe Study: 1 out of every 31 Americans is in jail Are NBA teams giving up in the face of a slow economy? Chicken up, cows down as people ... read more

Those are cell phone pictures of my jammed, three-hour commute into work today.   You can see the time I parked my car (6:39am) and that at  9:15am me and 1,000 other people were still crammed inside a broken down train.  Transit in the New York area is nearing critical mass and something needs to be done. There has been much debate about the $787 billion dollar stimulus plan and ... read more

Stories I'm following this Wednesday: The trillion dollar problem that is only going to be solved with some very difficult decisions The quote from the story above sure to make non-government workers incredibly angry: The answer, he says, is that future taxpayers may cover what fund administrators had hoped to get from investment returns. Back to 1996 Meet ... read more

The blowing of billions in taxpayer money continues.   Only now the states want you to help do their job in figuring out how to spend it. States continue to tell us of their dire need for money.   Much of the $787 billion dollar stimulus plan is going to states for their use.   Apparently they not only need your money, but they also need your ideas on how to best spend it. Some ... read more

  Stories I am watching this Thursday: Citigroup closes in on the $1 per share level GM's auditor says company may not survive Report: 12% now behind on their mortgage or in foreclosure Hyperinflation?   England the latest to say it is printing money Nouriel Roubini continues his parade of good bank news Rare retail good news as ... read more

With all the fury around bank executive and Wall Street pay, why isn't more being made of this story... Coca-Cola (NYSE: KO) paid Neville Isdell and Muhtar Kent, who each served six months as chief executive last year, $4.5 million bonuses that were purely discretionary, according to a regulatory filing. Yet executive bonuses for this year will be based on the soft-drink maker's 2009 ... read more

Stories I'm following this Friday: Hugo Chavez is not the kind of supporter President Obama wants Developing: Madoff set to plead guilty The numbers are worse if you count those who have given up looking for work Apparently few want to work for the Treasury Why GE stock is paying the price Steve Forbes: Obama repeating Bush's biggest mistakes The ... read more

"You know, the yelling and screaming about the rich - we want rich from around this country to move here. We love the rich people." - New York City Mayor Mike Bloomberg speaking Friday Bloomberg has it right by refusing to play into the populist uprising against families making more than $250,000 per year.   As Mayor of a city that relies heavily on the financial sector and the wealthy (1 ... read more

Stories I'm watching this weekend: Signs of life in one of the hardest hit real estate markets Free market at work: 4,000 buyers for 375 homes shows foreclosure demand is strong AIG aid isn't just going to AIG Proof of how tough the job market is in Ohio Good point about how duration - not rate - of job losses is ... read more