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Archive for November, 2006
Monday, November 13, 2006 Case of the Mondays? Cure = Quick Hits! By Steve Sebelius » U.S. Sen. Harry Reid finds himself in trouble. Again. The Los Angeles Times reports in today’s paper that Reid inserted $18 million in funding into a transportation bill for a bridge across the Colorado River from Laughlin to Bullhead City, Ariz. And wouldn’t you know it? Reid owns 160 acres of undeveloped land on [...]
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Monday, November 13, 2006 KB fires CEO By Ian Mylchreest The backdating of stock options has toppled KB Homes CEO Bruce Karatz, reports the Los Angeles Times. An internal investigation found that Karatz had played a role in setting "incorrect" dates on options between 1998 and 2005.
The former CEO has agreed to retire immediately and repay the company $13 million. Last year, he took home [...]
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Monday, November 13, 2006 Local news cut at Telemundo By Ian Mylchreest The cost-cutting at NBC has hit the local Telemundo operation, reports the Los Angeles Times. The Spanish-language network is going to do its "local" news from a facility near Forth Worth for Las Vegas, as well as Phoenix, Dallas, Houston and San Jose, Calif.
The restructuring will cut 110 jobs as anchors at the central facility [...]
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Sunday, November 12, 2006 We have jobs but they keep changing By Ian Mylchreest Even though many candidates tried to make jobs and immigration a key issue in the recent election, it never got much traction, at least not to judge by the results. Still, the movement of jobs south of the border and to
Asia will become an issue soon enough if enough people are struggling to find work [...]
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Friday, November 10, 2006 Friday ultra-Quick Hits By Steve Sebelius If you’re like us, you’re ready for the weekend. So we won’t keep you long, just time enough for some ultra-Quick Hits.
– Another day, another stupid city of Las Vegas ordinance clogs the courts and wastes everybody’s time. Gee, it would be so nice if somebody, a lawyer perhaps, could get elected to the [...]
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Thursday, November 9, 2006 Stop the Titus bashing! By Steve Sebelius The piling on has begun. State Sen. Dina Titus, who came within 23,309 votes of being elected Nevada’s first female governor, is starting to become the object of scorn in some quarters.
She shouldn’t. Titus didn’t run a perfect campaign, but she ran a good one. And, as it turns out, a necessary one. Nevada [...]
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Wednesday, November 8, 2006 The winners are saying some nice things By Ian Mylchreest The committee chairmen-elect in the House of Representatives are making nice the day after their party’s victory, reports the New York Times. They are trying, they say, to accommodate business interests if they can get some of their own wish-list fulfilled. Some are calling it all a "grand bargain."
Veteran New York Congressman Charlie Rangel, who will head Ways and [...]
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Wednesday, November 8, 2006 Cox says SOX relief is on the way By Ian Mylchreest Securities and Exchange Commission Chairman Christopher Cox says audits will stay but that the burden will lighten up for those that don’t pose a risk, reports the New York Times. He is trying to get the Public Company Accounting Standards Board to set a new standard and have it approved by spring.
This is headed to [...]
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Wednesday, November 8, 2006 Brokers accuse Merrill Lynch of racial profiling By Ian Mylchreest A class action lawsuit against Merrill Lynch asserts that the firm makes racial profiles of its clients, reports Bloomberg. The accusation comes in a case where African-American brokers claim the firm did not give them equal access to wealthy clients because of its belief that black brokers would not work as well with wealthier white [...]
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Wednesday, November 8, 2006 Triple Five takes all of the big mall By Ian Mylchreest Triple Five has won control of the Great Mall of America in Bloomington, Minn., reports the New York Times. Triple Five bought out its partners, the Simon Property Group and TIAA-CREF. The price reportedly about $1 billion and comes after extensive litigation between Simon and Triple Five over the mall’s management.
Simon and Triple Five had been fighting [...]
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