Tag Archive for Aig

Another Go

The 2008 transcripts were released in late-February. Most media operations published stories about the Fed’s absent-minded professors who missed the importance of failing financial institutions during 2008. This was not news.

How the 2014 Minimum Wage Debate Will End – Money Morning

The latest exchange on raising the minimum wage in 2014 is only one chapter in this months-long political brawl – one that will see Republicans mostly on the defensive.

Fresh ammo came Tuesday from a new Congressional Budget Office (CBO) report, which gave both advocates and opponents some statistics to crow about.

The post How the 2014 Minimum Wage Debate Will End appeared first on Money Morning – Only the News You Can Profit From.

David Boies v. Citizen Ben S. Bernanke- Frederick W. Sheehan

A splendid opportunity is in the offing, though it is premature to expect the earth to quake. As background, Hank Greenberg, former chairman of AIG, is suing the United States. The case itself is not the subject here. Starr International Company, in which Greenberg is housing his lawsuit, was the largest shareholder in AIG on September 16, 2008, the day when the U.S. government “seized control of AIG” (quoting from the September 17, 2008, Wall Street Journal).

Stock Market Today: April Set to Continue 2013 Winning Streak – Money Morning

U.S. equities followed Europe’s lead and headed higher when the stock market today (Monday) opened.

Wall Street’s mood was lifted after Enrico Letta was sworn in as Italy’s prime minister, ending weeks of political gridlock in the ailing European nation. The news also propelled Italian stocks up more than 1%.

Shortly before noon, the Dow Jones Industrial Average was up 68.55 points, or 0.47%, at 14,781.10. The Standard and Poor’s 500 Index was higher by 8.59, or 0.54%, at 1,590.83. The Nasdaq climbed 26.72, or 0.81% at 3,305.98.

Another lift to the stock market today came from a report on March consumer spending. The read was 2%, much better than and 0.1% rise economists had expected and up from a 0.7% gain in February and a 0.4% advance in January.

With just two more trading sessions left in the month, U.S. stocks are set to end April with gains. That would mark the fourth consecutive positive month for equities.

But it’s about that time when the familiar spring swoon weighs on stocks in the near term.

According to data from Bespoke Investment Group, over the past 30 years, an investor who bought the S&P 500 Index every Oct. 31 and sold the following April 30 would have reaped a 898% gain. In contrast, buying every April 30 and selling every late October would have returned just 56%.

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