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Archive for October, 2006
Monday, October 23, 2006 Interest rates could be headed down By Ian Mylchreest A poll of economists taken by USA Today says that a slowing economy and declining inflation may mean that the next move the Fed makes on interest rates could be downwards. The prediction is really about next year not about this week’s meeting, which is likely to leave things alone.
Most of the paper’s economists are [...]
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Monday, October 23, 2006 Radio credit cards are a security risk By Ian Mylchreest Graduate students at the University of Massachusetts have created a credit card reader that will display allegedly secure information for around $150, reports the New York Times. The experiment apparently blows a big hole in the company’s claims that the data is hard to read and is encrypted to the highest allowable level.
The radio cards [...]
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Monday, October 23, 2006 Big bucks mean big returns By Len Butcher Took a few weeks off. Wish it was vacation time, but wasn’t. Feels good to be back. I was able to write a few columns in advance, but with blogs, it’s a little different. I was watching some ball games today, still smarting from my beloved Yankees collapse and thinking about all the money these [...]
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Monday, October 23, 2006 More Gibbons fallout By Steve Sebelius It’s been a weekend of revelations and discussions about the travails of U.S. Rep. Jim Gibbons and The Mystery of the Unmonitored Parking Garage. Let’s dive right in.
Our corporate overlord, Sherm Frederick, counseled Gibbons to stick to cranberry juice from now until the end of the campaign, although he couldn’t resist noting that, as [...]
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Monday, October 23, 2006 All cashed up and nowhere to go By Ian Mylchreest A new study says that American companies are more cash-ed up than they’ve ever been but it doesn’t point to better dividends, reports the New York Times. The National Bureau of Economic Research working paper is titled “Why Do U.S. Firms Hold So Much More Cash Than They Used To?â€Â
The authors say the average cash-to-assets ratio [...]
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Friday, October 20, 2006 Microloans come to America By Ian Mylchreest Civil rights leader, Rev. Jesse Jackson, has announced a plan to encourage and fund entrepreneurship in minority neighborhoods. In January his Rainbow/PUSH Wall Street Project will launch the Small Business Institute, reports the New York Times.
The institute will both teach entrepreneurship and provide capital to potential businesses. The loans will be modeled on the microloans [...]
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Friday, October 20, 2006 Grasso has to pay up By Ian Mylchreest A state judge has ordered former New York Stock Exchange Chief Richard Grasso to repay as much as $100 million, reports the New York Times. The decision boosts Attorney General Eliot Spitzer’s claim that Grasso was overpaid and is a setback for Grasso who still insists that the board knew all along that he was [...]
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Friday, October 20, 2006 A tale of two cities By Ian Mylchreest The much-heralded auction of Stuyvesant Town-Peter Cooper Village in New York City has resulted in a $5.4 billion sale, reports Bloomberg. The buyers say they plan to keep the apartments as rentals.
“This is just a rare, rare opportunity” to buy 80 acres of Manhattan, one analyst tells the news service. “Also, we’re in a period [...]
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Friday, October 20, 2006 Not worth a buck? By David McKee Remember the brouhaha that broke out when the Las Vegas Convention & Visitors Authority sold its birthright for a bowl of porridge? (OK, they sold their key marketing slogan back to R&R Partners for a dollar. Same thing.) Well, it would appear that what happens in Las Vegas doesn’t stay here after all. Not even [...]
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Thursday, October 19, 2006 The Gibbons incident By Steve Sebelius Is it a scandal, or simply a misunderstanding? The answer to that question depends on whether you’re a Republican (much ado about nothing) or a Democrat (scandalmania). But one thing is clear: The publicity surrounding the McCormick & Schmick’s incident involving would-be governor U.S. Rep. Jim Gibbons on Friday isn’t helping his bid. And it’s [...]
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