November 06, 2009 –
Sarbox, it appears, is on the way out, and investors look to get hosed yet again. Could it be the work of............mmm,oh, ..... Big Finance??? Hmmmm?!? (You thought I was gonna say Satan, didn't you?) [more]
August 05, 2009 –
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RELATED TICKERS: XOM
, COP
, CEO
Well, at least an energy crisis for oil... [more]
June 12, 2009 –
Does it strike anyone else as strange that in the last 20 years the U.S. government has taken to creating a series of bureaucratic positions called "czars"? Right now we have a proposed "pay czar." In the past we've had a physical-fitness czar, a drug czar, a health czar, a GM czar, a mortgage czar. Ok, those last two I made up. Regardless, it's odd that the government chooses to use this nomenclature, given the putative democratic ideals of the U.S. Presumably, the naming is supposed to indicate that there's a new bureaucrat who will cut through previous bureaucracy via sheer force of will and (let's hope) law. But doesn't the resort to this new czar-based bureaucracy inidcate that the heretofore bureaucracy hasn't worked effectively? It seems that some bureaucrats are more equal than others. [more]