Our Blog
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How can Supply have all the Power and Demand have None?
A New York Times article on director scrutiny for executive pay joined the twitter thismorning. The lack of examination of executive pay’s precipitous rise over the past twodecades, as well as accountability for company’s boards of directors in these matterswas pushed into the spotlight. The Times notes that “the exchange’s” (NY Stock that is) “board…
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Redeem it All.
The latest news from the Market front lines comes from Marketwatch under theheadline “Funds hike fees, adding to investor pain.” It’s a funny day when after thescams, frauds, business missteps and massive losses of the past year that the answerto the investor is, “you’ll just have to pay more for the privilege.”It’s a joke if…
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Retail Sales Fall?
It is far more important to stimulate the economy than it is to bailout the banks,because even Reagan’s economic policies were named with the Regular Guy in mind(trickle down economics at least implied that the bottom would drink something).Giving people another $10 billion in stimulus checks is not the answer. The answer isto provide time…
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Is Anybody at the Switch
There’s an old adage from the days of railroad, “asleep at the switch.” In that era, trainsoften rode common tracks in both directions within common time frames. The onlysalvation was the vigilance of the trackman who made switches from track to track toavoid collisions. As the bailout, which to begin with doesn’t build a case…
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Have you Heard of a Telephone? 1876
Wells Fargo cancelled a planned sales incentive and reward trip to Las Vegas lastmonth as the outcry over companies plans to spend TARP (Troubled Asset ReliefProgram) funds on “excessive” indulgences swelled to epic levels. No banks receivingTARP funding should have meetings that involve travel or hotel expenses, becausethey’re spending the taxpayer’s money. This is the…
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SF Oakland Bay Bridge is Falling Down-My Fair Lady
As we struggle with the truth facing local governments in the face of tax revenueshortfalls and the elements of insanity that the expansion of all government expenseshas created over the past 20 years, it seems that the infrastructure that GovernorSchwarzenegger has spoken about is collapsing. The Bay Bridge was closed for sixdays to effect emergency…