New SEC investigative chiefs named – big deal

The Securities Exchange Commission today announced that it is naming 5 chiefs to head 5 new investigative units of the SEC. Big deal. It’s not that the SEC re-organizing itself to deal with Wall Street is not a big deal, it is; it’s that without more...

"We’re pulling out of China" – Google

In a press release yesterday Google announced that it was pulling out of China. The reasons stated were the ongoing battle with Chinese hackers and the constant meddling of the government in censoring search results. I applaud Google for its actions. Because China has...

The assassination of an Iranian nuclear scientist

Earlier today in Iran a nuclear scientist was assassinated with an improvised explosive device. At this point no one has taken responsibility for the murder. My hunch though is that Israel’s intelligence service, Mossad, is behind the attack. The likely Iranian...

Slightly disappointing earnings

Alcoa, alias the Aluminum Corporation of America, is traditionally the first major corporation to report its earnings. In the fourth quarter the Company lost $277 million despite the fact that in 2009 they massively restructured, laid off thousands of employees, idled...

Proposal for Feds to earn back TARP monies

Over the weekend the Obama Administration proposed a way for the U.S. Federal Government to recoup bailout monies paid in 2008 and 2009. At this point the details are uncertain, but the general idea is that the Feds would charge a fee to banks. One idea is to levy the...