Wonderful shareholder empowerment news

In a decision that definitively will change the face of U.S. capitalism and investing, the Securities and Exchange Commission (SEC) today announced that in August at some point shareholders will receive the right to directly nominate candidates for a company’s...

Evidence of the game of chicken

Good morning everyone! Last month I wrote a post entitled “a game of chicken.”  Largely it was my analysis of the economic and financial markets landscape.  This morning brings numerical support of my contention. Consumer spending grew 0.1% in June, while...

Privacy? Think again

Late Friday evening the Wall Street Journal ran what I consider to be a shocking report.  Many of the largest websites are installing super sophisticated tracking software to micro-track your web browsing.  These sites include the likes of Google, MSN, Comcast.net.,...

Second Quarter 2010 U.S. GDP

This morning the U.S. Commerce Department stated that the U.S. economy grew 2.4% in the second quarter.  That compares to an expected growth of 2.5%.  The 2.4% growth compares to an upwardly revised first quarter GDP growth of 3.7% – so the economy’s...

Mischief in China

If you have followed the blog for awhile you know that I have alluded to the fact that the Chinese economy is structurally unsound many times.  The reason is that its economy is not run for profitability, but for full employment.  If the single-party Communists...

Latest economic data tells us not much

You may have noticed that I have not been posting as frequently to the blog of late.  The reason is that the economy has remained in a consistent pattern of slow revenue growth, slightly faster profit growth, and hovering unemployment data.  There was a moment heading...