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Archive for June, 2006
Wednesday, June 21, 2006 This just in: People hate taxes By Steve Sebelius Stop the presses: People don’t like taxes.
The news coverage surrounding the Tax and Spending Control initiative has always been a little breathless, but it’s getting even more so after TASC master (and state senator) (and candidate for governor) (and a hell of a good-looking guy) Bob Beers turned in boxes with 152,984 signatures to [...]
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Wednesday, June 21, 2006 Who wants to be a millionaire? By Ian Mylchreest That exalted status group has expanded by some 500,000 or 6.5 percent worldwide in the last year, reports the Toronto Globe and Mail. There are now 8.7 million millionaires on the planet, according to a report by Merrill Lynch and consultants Capgemini.
The real growth areas for millionaires has been rapidly developing countries in Asia and the Middle [...]
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Tuesday, June 20, 2006 Quick Hits on media, Porter, Goodman By Steve Sebelius Anyone for Quick Hits? They go so well with a delicious glass of lemonade during these hot summer months. Here we go…
• Review-Journal columnist John L. Smith found fault with the Las Vegas Sun on Friday for cutting references to the R-J from a Wall Street Journal story that ran in the Sun. (The R-J [...]
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Tuesday, June 20, 2006 Housing market looks better briefly By Ian Mylchreest The housing market took a step forward last month after three steps backwards, reports the Associated Press. The Commerce Department says housing starts went up 5 percent last month but experts say it is a blip because of the dry weather.
The conventional wisdom remains that housing starts will slow under the pressure of rising mortgage rates. And [...]
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Tuesday, June 20, 2006 Supremes to look at state mortgage regulations By Ian Mylchreest The High Court has decided to rule next year on a case that pits national banks against state regulators, reports Bloomberg. The case the court will review pits Michigan’s mortgage regulations against Winston-Salem, N.C.-based Wachovia’s claim that federal bank regulations pre-empt any state rules.
Similar disputes have arisen in Connecticut, Maryland and California where states have tried [...]
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Tuesday, June 20, 2006 Weill cuts a deal with God By Ian Mylchreest The idea sounds a bit preposterous but when you cut through the headline in the London Times, you’ll find that former Citigroup Chairman Sanford Weill has decided that his post-career career will be philanthropy. The paper tartly notes that he will receive an annual pension of $1 million.
Weill tells the latest issue of Citigroup Pursuits, a [...]
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Monday, June 19, 2006 Monday musings By Len Butcher What happens in Vegas, stays in Vegas. We’re all too familiar with our city’s latest slogan, the trouble seems to be that it’s not exactly true. Especially if you happened to read the Los Angeles Times over the weekend when they ran a lengthy report on our judges. Not a favorable one, either. It exposed [...]
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Monday, June 19, 2006 Weekend in Little Rock By Steve Sebelius We’ve been writing about politics a long time, so we can say this with heartfelt sincerity: There is no man more pro-choice than the man condemned to ride in the row of cramped airline seats directly in front of a family with young children.
That was the unhappy place where we at Various Things & [...]
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Monday, June 19, 2006 Securities arbitration hits some headwinds By Ian Mylchreest Securities dealers always include a clause in a stock purchase that provides for compulsory arbitration. It used to be the quick and efficient way to resolve complaints between brokers and their customers. But no more, reports the New York Times.
Now it is much more likely to end up like a regular lawsuit with procedural delays [...]
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Monday, June 19, 2006 Options rear their ugly little heads again By Ian Mylchreest The Wall Street Journal changed the whole discussion about options timing on Friday when it revealed that Microsoft routinely used a 30-day low method to price its options. The plan was approved by Deloitte and Touche, the company’s accountants and was used in the late 1990s in other Silicon Valley companies.
The original reports of UnitedHealth [...]
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