Daily BeastParker & Fanning Talk Up AirtimeDaily BeastThe two tell Marlow Stern about the new venture, Facebook's disastrous IPO and future prospects, whether Pinterest's overvalued, and more. “They are the Jean-Claude Van Damme and Dolph…
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Egad, The Fed Pisses Me Off
by Lee Adler • • 0 Comments
From the excellent Binyamin Applebaum at the NY Times: Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just follow the money.…
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Italian, Spanish banks load up more on government debt: ECB – Chicago Tribune
by Newswires • • 0 Comments
BloombergItalian, Spanish banks load up more on government debt: ECBChicago TribuneFRANKFURT (Reuters) – Banks in Italy and Spain stuffed their coffers with government bonds last month, European Central Bank data showed on Monday, in the latest sign th…
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Why Means Testing Won’t Work
by Bears Chat at The Wall Street Examiner • • 0 Comments
First of all, Social Security is already means tested by
1) Progressive taxation of benefits.
2) Progressive reduction in benefits per dollars payed in.
however, further means testing of the have lesses is a fairness topic other than the thoughts I wa…
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Record Profits for Health Insurers as Many Postpone Care
by Bears Chat at The Wall Street Examiner • • 0 Comments
The nation’s major health insurers are barreling into a third year of record profits, enriched in recent months by a lingering recessionary mind-set among Americans who are postponing or forgoing medical care.
The UnitedHealth Group, one o…
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Fed Pays a Record $78.4 Billion to Treasury
by a Wall Street Examiner • • 0 Comments
January 10, 2011
Fed Pays a Record $78.4 Billion to Treasury
By SEWELL CHAN
WASHINGTON — Central banking in the aftermath of a financial crisis is a lucrative business, it turns out.
The Federal Reserve will deliver a record $78.4 billion to the T…
