Dipping into MF Global client funds to backstop the firm’s heavily leveraged high risk bets on European debt is about as serious as it gets. We’re talking – Federal Felony / Criminal Fraud / Grand Theft / Go To Jail / Do Not Pass Go / Do Not Collect $200 / Throw Away The Key / – that kind of serious. If tapping segregated client funds at a broker dealer is not criminal fraud, then it is at least criminal negligence for CEO Jon Corzine.
Archive for the 'Change' Category
Whilst walking the dog this rainy evening, I happened upon an illuminated, inflatable lawn ornament of the Halloween variety. These decorations are an easy, relatively inexpensive way to acknowledge the holiday. They require little or no thought beyond which one to buy and where to buy it. The set-up is easy, so is the clean [...]
This kind of partisan political posturing (like astroturfing) is par for the course, pretty much the same old tried and true game of demonizing opposition to rally your team and get your bill passed. Not exactly â€œhope and changeâ€, more like â€œsame olâ€™ stuffâ€, but it doesnâ€™t bother me. It can create problems though – if you donâ€™t finesse it just right.
About the author: Byron C. Tau is a journalism graduate student at Georgetown and a recent graduate of McGill University in Montreal. You can find him all over the Internet, from his politics and commentary website Heartless and Brainless to his Twitter account to his personal blog. His favorite topics tend to be civil liberties [...]
The flagging economy has accelerated the decline of the American newspaper industry. Already suffering from waning readership and declining ad sales, several major newspapers are now projected to fold or go exclusively on-line before the end of the year. Those papers include such stalwarts of the news business as the Miami Herald, the Boston Globe, [...]
Did Obama get a mandate? Well, let’s look at the facts… He flipped 9 states from red to blue, including a few that hadn’t gone for the Dem in over 3 decades. He beat McCain 2 to 1 in the electoral count. The current popular vote difference is 53% to 46% or 7.6 million votes. [...]
In their acceptance speeches both candidates endeavored to define and promote the â€œchangeâ€ they represent. Obama offered an unremarkable litany of liberal Democratic policy positions. McCain offered an unremarkable litany of conservative Republican policy positions. So each candidate, acutely aware of a â€œpalpable public mood for changeâ€œ, wrapped themselves in the rhetoric of change, then explicitly pitched the proposition that the same partisan bromides that Republicans and Democrats have been flogging for decades represent the change that the public seeks. Tough sell.
In an otherwise by-the-numbers pro-Sarah Palin editorial, The Wall Street Journal makes one very interesting point: Mr. Obama rose through the Chicago Democratic machine without a peep of push-back. Alaska’s politics are deeply inbred and backed by energy-industry money. Mr. Obama slid past the kind of forces that Mrs. Palin took head on. Palin became [...]