Category: Finance
The difference between experts and amateurs
February 27th, 2008I was thumbing through a discussion between Davelj of Professor Piggington and Karl Denninger of Market-Ticker. The discussion itself is interesting and worth reading. However, what I'm including below is a comment by Davelj regarding the difference be… more »
Whole Foods CEO regular poster on Yahoo! Finance message boards
July 12th, 2007As part of the FTC's lawsuit to block Whole Foods' acquisition of Wild Oats, some information has been released detailing how Whole Foods CEO John Mackey regularly posted on the Yahoo! Finance message boards for some eight years:
In January 2005, som… more »
Would Senator Dodd bite the hand that feeds?
March 28th, 2007Senator Chris Dodd, Chairman of the Senate Banking Committee, led hearings on the subprime shakeout last week. Not knowing much about Dodd, I assumed (no doubt as a result of my hefty anti-state bias) that he had likely received no small sum from the fi… more »
Forboding Yahoo! Finance Headline
January 2nd, 2007Knowing that the U.S. markets were closed today, I couldn't help but do my late afternoon check of Yahoo! Finance, anyway. What I found upon loading the page was the following headline declaring, World Markets Rally; Wall Street Closed.
Though many… more »
The Christmas Gifts that Keep on Giving
December 19th, 2006If you're struggling to find an X-mas gift to give your friends and relatives, I've got an idea for you: silver or gold coins.
Sure, you can't put them in your DVD player, play them or eat them, but they're awful shiny, not to mention that they are fu… more »
Ben Stein Misses the Big Picture
November 28th, 2006Ben Stein's latest editorial for the New York Times, In Class Warfare, Guess Which Class Is Winning, discusses the need to eliminate the deficit. His idea? More taxes on the wealthy. But what's particularly interesting about Stein's piece is how he so… more »
U.S. Mint Afraid of Competition from Alternative Money
October 18th, 2006Background - The Liberty Dollar:The Liberty Dollar is an ingeniously simple alternative form of money created to compete with Federal Reserve Notes, also known as the fiat currency of the United States of America, by Bernard von NotHaus. What's so inven… more »
YouTube Acquired by Google for $1.65 Billion
October 10th, 2006Google is acquiring internet video giant YouTube for $1.65 billion in stock.
The creators of YouTube, Chad Hurley and Steve Chen, 29 and 27, respectively, stand to make a little bit of money on this deal. To announce the acquisition in a fitting mann… more »
"It doesn't feel like real money"
October 9th, 2006An article from the UK's The Independent titled, Britain becomes 'never, never land' as personal debt runs out of control, included the following anecdote by Alice Douglas. One can't help but imagine any number of Americans telling the same story about… more »
Wall St. Must be Pissed
October 9th, 2006First, we find out that OPEC has decided to cut output (One can't help but wonder if OPEC, as led by the Saudis, had no choice):
Oct. 9 (Bloomberg) -- Crude oil rose after six OPEC members, led by Saudi Arabia, agreed to cut output by about 3.4 perce… more »
When -1 + -1 = -3: GM and Ford Discuss Joining Forces
September 18th, 2006Per Yahoo! Finance, GM, Ford Could Merge or Form Alliance:
Executives of General Motors Corp. and Ford Motor Co. have discussed a possible merger or alliance, the trade journal Automotive News reported Monday. Both companies declined comment.
That's… more »
The United States of America, Incorporated
September 14th, 2006Government in a nutshell:Government owes its existence to extortion, which is the coercive taking of wealth. This lone quality is government's defining characteristic. That said, assuming a government is charged with doing something more than just appr… more »
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