By Ian Mylchreest
Despite the sad numbers of recent weeks, things have turned up just in time for Labor Day. Well, sort of.
The government said Friday that the unemployment rate fell one-tenth of one percent in August, reports the New York Times, and there were more jobs added in August than in July. The number was 128,000 [...]
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Friday, September 1, 2006
Is shorting a sin
By Ian Mylchreest
Pegasus Wireless, a company nominally based in Nevada but which does most of its business in Silicon Valley, has got the discussion going again on short selling. The company, reports the New York Times, issued a dividend of a kind early last month.
It was a stock warrant but they were only be issued to real [...]
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Friday, September 1, 2006
California has morning-after doubts about global warming initiative
By Ian Mylchreest
Two days after the California Legislature agreed to implement its own plan to limit greenhouse gases, business is getting cold feet, reports the Los Angeles Times. The new requirements will be costly and have little impact unless others follow the lead, experts tell the paper.
The key points are that core industries like utilities and oil [...]
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