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Archive for March, 2006
Wednesday, March 15, 2006 The best of the best calls it quits By Len Butcher This past year has been a bad one for broadcast news, with Brokaw stepping down, Rather getting replaced, and the death of Jennings. It got even worse today with the announcement that Mike Wallace, who has been with 60 Minutes since it started in 1968, is going to call it quits — well, almost. The [...]
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Wednesday, March 15, 2006 Quick Hits for Wednesday By Steve Sebelius Here are some observations, wrapped in the delicious, flaky crust of truth and baked at 400 degrees for 30 minutes in our extra-special, super-secret spices, the very recipe for Quick Hits!
• Oh, just quit already! Clark County Recorder Frances Deane is not going quietly into that good night, and Metro Police aren’t quite ready [...]
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Wednesday, March 15, 2006 Century City project to mix mall uses By Ian Mylchreest The buzz in the developers’ world for the last couple of years has been the “mixed-use development.” Now, reports the Los Angeles Times, a Century City mall is adding living space.
The plan is to demolish a 40-year-old office building and turn it into a condo tower. And the rationale is much the same as those [...]
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Wednesday, March 15, 2006 Corporate tax returns could go public By Ian Mylchreest In an effort to “encourage” compliance, the IRS is thinking of making corporate tax returns public records, reports the Associated Press. IRS Commissioner Mark Everson wants lawmakers to balance privacy with the need to improve corporate tax compliance and consider opening corporate returns to scrutiny.
The issue is not just shame and bad publicity for the [...]
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Tuesday, March 14, 2006 Some bad news and some good news By Ian Mylchreest First the bad news. Retail sales dropped 1.3 percent last month and that’s even worse than economists thought, reports Reuters. Auto sales took a dive and consumers generally were taking a rest after a hectic shopping season that gift cards are now stretching into January.
The drop in February was bigger than the 0.8 percent decline [...]
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Tuesday, March 14, 2006 Agencies roll out new credit scoring By Ian Mylchreest If you’ve ever lost a credit card or had a bad debt wrongly added to your credit record, you’ll know this trio: Equifax, Experian and TransUnion. They’re the big three credit rating agencies and they’ve just announced a plan to make the credit scoring business more uniform and transparent, reports the Associated Press.
The new “VantageScore” [...]
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Tuesday, March 14, 2006 Never heard of a PCDS? You will By Ian Mylchreest The latest derivative peddled by Wall Street bankers is a hedge against another new financial product those same people have been selling, reports TheStreet.com. It’s called a “preferred-credit derivative swap” and it hedges against an investment in “perpetual-trust preferred securities.”
And what are PTPSs? They’re a bond without a maturity date so they’re treated like stock [...]
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Monday, March 13, 2006 Chanos out: Why? By Steve Sebelius Oh, please.
That’s our reaction after reading the Official Reason for the Bowing Out of Attorney General George Chanos. It’s been on many other blogs, but let’s reprint it for you here:
“When Governor Kenny Guinn appointed me attorney general I was honored at the opportunity to serve my fellow Nevadans. This office is a [...]
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Monday, March 13, 2006 Finally, some more Quick Hits By Steve Sebelius Just a wee helping of Quick Hits, fresh from the oven:
• Wisconsin state Rep. Scott Jensen, a Republican, is facing 15 years in prison and a $35,000 fine after being convicted of using state employees on state time for political purposes.
Hmm, where have we heard that before? Oh, that’s right: Our very own [...]
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Monday, March 13, 2006 Unhappy Republican campers By Steve Sebelius There are two very unhappy Republicans in Nevada today, following the surprising news — first broken by my colleague Jon Ralston in his FLASH e-mail newsletter — that appointed Attorney General George Chanos won’t seek election in November.
The first is Gov. Kenny Guinn, who had but one simple criteria for filling the job left [...]
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