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Archive for March, 2006
Monday, March 20, 2006 William Lyon fights another day By Ian Mylchreest The founder and CEO of William Lyon Homes has again tried to take the company private, reports the Los Angeles Times. William Lyon is offering $93 a share to buy 51 percent of the company.
The stock skyrocketed on the news Friday and analysts say the final offer, if it is to succeed, will be closer [...]
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Monday, March 20, 2006 Washington at work By Ian Mylchreest A year of work in both houses of Congress that was originally designed to strengthen the private pension system, will, if passed, result in lower payments to pension plans that are already underfunded by as much as $160 billion, reports the New York Times. And a government report says it would weaken, not strengthen, the [...]
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Monday, March 20, 2006 Why don’t we just jail smokers? By Len Butcher I haven’t smoked in more than 20 years and to be honest, I hate the smell of it today. But I have always felt that smokers are getting a really raw deal, one that started a number of years ago when workers had to leave the building and stand out in the oppressive heat, freezing [...]
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Friday, March 17, 2006 Private equity is all the rage By Ian Mylchreest Barely a day goes by without some company or another receiving an offer to be taken private and there’s been talk of $100 billion funds and private equity companies going public. All of which means it’s the new hot thing on Wall Street, reports USA Today.
Except as the paper points out, it’s not that new. [...]
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Friday, March 17, 2006 Podcast pushes real estate By Ian Mylchreest Incline Village-based realtor Diane Cohn has started posting her sales pitches on the Web as podcasts, reports the Reno Gazette-Journal. The podcasts are available at her site, www.dianecohn.com.
The main targets are Bay Area residents seeking to buy in Northern Nevada. “It’s just another piece of the online puzzle,” Cohn tells the paper. “The Internet is [...]
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Friday, March 17, 2006 It’s getting harder to pay the mortgage By Ian Mylchreest The national picture is not good, reports the Associated Press. Late payments climbed to a 2 1/2 -year high in the final quarter of 2005 mainly because of the problems in the Gulf Coast region. Elsewhere, rising energy prices also squeezed homeowners, say observers.
The Mortgage Bankers Assn., in its quarterly mortgage survey, reported [...]
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Friday, March 17, 2006 The news just gets worse for GM By Ian Mylchreest General Motors has revised it loss figures upwards, adding another $2 billion in costs to scale back its American operations and to bail out parts maker Delphi, reports the New York Times. And the company is sitting on its annual report until it can check accounting going back five years and iron out “irregularities” at [...]
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Thursday, March 16, 2006 The fact is, Augustine’s guilty By Steve Sebelius Wednesday’s conference call featuring Nevada Republican Party Chairman Paul Adams and impeached Controller Kathy Augustine was a fun time for those of us in the media-industrial complex lucky enough to be invited to listen in. (Thanks to Citizen Outreach boss Chuck Muth, our one conservative friend, for the invite.)
Adams outlined his desire to adopt [...]
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Thursday, March 16, 2006 Cable conflict heats up By Ian Mylchreest The battle between the stations and the FCC over so-called “a la carte” cable programming is coming to a head. Two reports sponsored by the cable industry blasted the FCC’s conclusion that picking and choosing channels would save consumers money, USA Today. Viacom is promising a third study that will say the same thing.
The National [...]
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Thursday, March 16, 2006 Inflation slows down By Ian Mylchreest If you were one of those pessimists who thought oil was going to $120 a barrel and we were going back to bad old days of the 1970s, take heart. Last month’s inflation slowed to a minimal 0.1 percent, reports the Associated Press.
Food as well as energy prices fell and that’s the secret to February’s [...]
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