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Words of Warning from Icahn

September 29, 2015 – Comments (0) | RELATED TICKERS: IEP  [more]



College kids shopping at Barney's?

October 31, 2013 – Comments (2)

By now at least some of you have read the story of college student Trayon Christian having been detained and questioned by NYPD detectives regarding the purchase of a $350-plus belt at Barney's,in New York.  The student has decided to file a lawsuit for unspecified damages.  And Al Sharpton is all over the story, using it as his next soapbox upon which to stand and expound upon the evils of commercial racism.    [more]



Is Yellen the right choice for Fed Chair?

September 19, 2013 – Comments (2)

Speculation on the next Fed Chairman has been a two-horse race for the past few months. But with Lawrence Summers' withdrawal of candidacy last weekend many see the selection of Bernanke's successor as a foregone conclusion.  It is disappointing to think that in a country of 315 million people the braintrust of the US government can only think of one person to take the job:  Janet Yellen.  Let's assume for a minute that there's no one else who is capable of doing the job. If so then let's use a few quotations to get to know the candidate behind the hype:  [more]



Dr. Paul Krugman: Economic Hitman

March 25, 2013 – Comments (5)

Take a few moments to read the latest column written by Nobel Prize winning economist Dr. Paul Krugman:  [more]



Citi finally looks out for shareholders

October 16, 2012 – Comments (3) | RELATED TICKERS: C

By now most have noticed in business news that Vikram Pandit has resigned (along with his lieutenant, Citi COO John Havens) as CEO of Citigroup.  Shareholders should be relieved to receive this news.  I was never a fan of Pandit from the start.  He somehow convinced Citi's board to buyout his Old Lane Partners hedge fund so that he could take the job at Citi back in 2007.  City then took a massive ($200MM-plus) write-down on that investment the very next year.  In the time that Pandit has been at Citi his compensation (approximately $261MM in 5 years, plus another $165MM for his share of Old Lane) has been at or near the top of the global banking industry,but his leadership has produced average to below average results. If anything is missing from this story it's the need for   [more]

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