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Archive for September, 2006
Friday, September 15, 2006 Power plant companies merge By Ian Mylchreest Dynegy and LS Power are taking a walk down the aisle with a 60-40 merger, reports Bloomberg. The company that owns power plants in 10 states, is paying 340 million shares, $100 million in cash and a $275 million note to merge with privately held LS Power Group.
The deal is valued at $2.3 billion. The [...]
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Friday, September 15, 2006 European court shakes up tax law By Ian Mylchreest Most of the news we hear from Europe is about the outrageous tax rates over there but the European Court of Justice has struck a blow for integration and lower taxes across the continent, reports the International Herald Tribune. Candymaker Cadbury-Schweppes had sued to stop the British government from taxing revenues it earned in what [...]
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Friday, September 15, 2006 An open letter to Wynn Resorts By David McKee The following letter, from a local resident, was received yesterday. It is presented verbatim and unedited.
Mr. Andrew Pascal, President
September 12, 2006
Wynn Las Vegas, LLC
3131 Las Vegas Boulevard, South
Las Vegas, Nevada 89109
Dear Mr. Pascal:
I am writing you because I am concerned about Mr. Wynn’s rapidly declining public image directly attributable to your questionable policy decisions. [...]
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Thursday, September 14, 2006 This just in: Bush ISN’T Churchill By Steve Sebelius Folks, we hardly ever pass along material we find on the Internet or in e-mail. But today, thanks to an e-mail alert from our good friends at the Nevada Republican Party, we read a slam on U.S. Sen. Harry Reid written by The Washington Times’ Tony Blankley we felt worthy of sharing.
Why? Two reasons. One, [...]
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Thursday, September 14, 2006 Media messes up–again By Len Butcher A baby is missing. A young woman is dead. The woman’s name Is Melinda Duckett and two weeks ago her baby was kidnapped–at least that’s what Melinda told the cops. As in any criminal investigation, police look first at those closest to the victim, in this case, the mother.
No charges had been laid, the investigation [...]
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Wednesday, September 13, 2006 SEC gets another SOX study group By Ian Mylchreest A committee of business and academic leaders will look at changes to the Sarbanes-Oxley Act, particularly whether it’s hurt American competitiveness, reports the New York Times. The group has close ties to the Bush administration although it has no official status.
The committee has taken a wide brief: whether civil and criminal penalties for lax corporate executives should [...]
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Tuesday, September 12, 2006 Quotable By Steve Sebelius A perspective on Sept. 11 and its aftermath that few could not have said better.
Thank you, Keith Olbermann.
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Tuesday, September 12, 2006 Tuesday Quick Hits By Steve Sebelius We are knee-deep in paper here in our office in the nondescript building in an industrial area near McCarran International Airport. But we always have time for Quick Hits.
• Now that’s what we call style. KLVX Channel 10, which airs the program Nevada Week in Review with Mitch Fox on which we regularly appear, [...]
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Tuesday, September 12, 2006 Report suggests we’re edging to stagflation By Ian Mylchreest A new report from the National Association of Business Economics predicts higher inflation and slower growth through the middle of next year, reports USA Today. The old word for that used to be “stagflation.”
For the last three decades we’ve assumed that problem had been resolved by ditching Keynesian thinking and sticking with the magic fiscal policies [...]
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Tuesday, September 12, 2006 Dunn bites the dust By Ian Mylchreest After days of figuring out what to do, the Hewlett-Packard board has finally decided to throw Chairwoman Patricia Dunn to the wolves, but in a nice kind of way. The board has decided that she can stay on until January, reports USA Today. Next year she’ll be replaced by CEO Mark Hurd.
Dunn had ordered an [...]
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