Posted in May 12th, 2010
Overview of Proposed Rules
The Financial Industry Regulatory Authority (FINRA) is proposing rules and fees for processing notifications of corporate actions under the guise of combating possible fraud by over-the-counter issuers and penny stock promoters.
The proposed rules and fees, which have been published in the Federal Register and are pending approval by the Securities and Exchange [...]
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Posted in January 29th, 2010
10. Rebound of GM and Chrysler After Bankruptcy.
The saga of GM and Chrysler mattered in several ways. The bailouts and bankruptcies saved tens of thousands of jobs, not to mention U.S. pride and morale—which count for a lot in the real economy, confidence being a precursor to economic life. The Obama administration also surprised [...]
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Posted in January 28th, 2010
9. Greenhouse Emissions.
A disappointment to many in terms of the limitations of new policy but it was a “new beginning” for establishing new habits relating to energy and the environment. These new energy policy reforms will set a new course over the next few years. Concern about the environment and a shift away from oil [...]
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Posted in January 27th, 2010
8. Bank Busts
Consumers and businesses are having a tough time getting access to capital. The reason is that there were 133 bank failures in the U.S. in 2009, more than any year since 2002. Larger banks avoided bankruptcy thanks to government bailouts and mergers with sounder institutions. If anything, the larger banks are even less [...]
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Posted in January 26th, 2010
7. Health Care Reform.
What a difference a vote makes! Up until the Senate election in Massachusetts on January 19th, 2010 the Health Care Reform Bill was virtually guaranteed. We were very close to approving our nations first nationwide health care system. The single-payer public option, health care reform appeared more evolutionary than revolutionary. The big [...]
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Posted in January 25th, 2010
6. Did Anyone Say Jobs.
The unemployment rate is still above 10 percent and is likely to stay there until sometime in the second half of 2010. This will lead to significant political pressure on elected officials. As elections near and politicians become aware of the uncertainty of their political future, new policies will be adopted [...]
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Posted in January 16th, 2010
5. End of Year Brings Flood of VC Deals
A flood of new deals in the last quarter of 2009 is giving an indication to venture capitalists that there is life after death after all. A large number of substantial deals resulted in a giant leap in the merger market for venture-backed companies in the fourth [...]
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Posted in January 15th, 2010
4. Wall Street – Friends or Foes? Corruption has always attracted the most talented of the unscrupulous to Wall Street. But no one could have foreseen the breadth and depth of the house of cards created by Bernie Madoff who was arrested in December 2008 and pled guilty in March 2009. Bernie perpetrated the world’s [...]
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Posted in January 14th, 2010
3. The Rise of China. As the U.S. federal balance sheet weakened China experienced exponential growth. Our weakness has become China’s strength on competitiveness. China’s continued growth is starting to put the U.S. at a great disadvantage. China already is close to surpassing Japan as the second-largest economy in the world, and it won’t stop [...]
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Posted in January 13th, 2010
2. Government Financial Intervention. Economists are finally crediting Obama’s stimulus package with preventing (what could have been) a recession worst than the one our country witnessed during the great depression in 1929. The stimulus package contributed to positive growth in the third and fourth quarters of 2009. The bailout was the most expensive deployment of [...]
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