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SLIM AT NYT: 100 jobs eliminated from newsroom...

SLIM AT NYT: 100 jobs eliminated from newsroom...(Second column, 1st story, link) ...



Inevitable Ineffective Banking Regulation

Photo Credit: Michael DaddinoI am mystified at why people might be outraged or surprised that the Federal Reserve does a poor job of overseeing banks.  The Fed is an overstaffed bureaucracy.  Overstaffed bureaucracies always tend toward...



Morning News: October 1, 2014

Surprise German Slide Weighs on Eurozone Manufacturing Japan Banks, ANZ Among Nine Foreign Lenders to Gain Myanmar Licenses Getting Ready for Rising Rates U.S. Lawsuits Related To Fannie Mae, Freddie Mac Profits Dismissed Sen. Warren: We Need Regulators...



Court Dismisses Two Suits On Fannie Mae, Freddie Mac Profits

Perry Capital's and Fairholme Funds’ cases were among the most prominent and closely-watched cases against Fannie Mae and Freddie MacFannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage...



Hedge Fund News: Eric Mindich, Andreas Halvorsen & Lansdowne Partners

Eric Mindich Increases Stake In Riverbed Technology (GuruFocus) Eric Mindich (Trades, Portfolio), founder of hedge fund Eton Park and famous for becoming at age 27 the youngest partner at Goldman Sachs Group, Inc. (NYSE:GS), increased his stake in...



Russia defence spending facts of the day

From a summary of Russia’s proposed new budget, by Free Exchange: The budget shows how much trouble the Russian economy is in—and how unwilling the government is to face up to reality.Continue reading: Russia defence spending facts of the...



CDC Confirms First Ebola Case Diagnosed in U.S.

The CDC has confirmed the first Ebola case diagnosed in the United States. A North Texas hospital previously had announced it had a patient in strict isolation based on his or her symptoms and recent travel. “Texas Health Presbyterian Hospital...



FHFA/Treasury Attorney’s Claim “Potential Future Profits” Belong on Balance Sheet

You have to read this and then think about the ramifications of what they claim. The scope of this is staggering…… HT to Peter Chapman […] The post FHFA/Treasury Attorney’s Claim “Potential Future...



International Wealth Managers Are Flocking To Silicon Valley

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Wealth Managers Are Setting Up Shop In Silicon Valley (Financial Planning) Silicon Valley's tech fortunes have attracted the...



A Look at Case-Shiller by Metro Area

The S&P Case-Shiller national home price index is up just 5.6% in the year ended in July, continuing a slowing trend since late 2013. Las Vegas was one of just three cities to report double-digit annual gains in July. Getty Images The index...



Apple Tax Probe Details Revealed By EU

The Apple-EU tax probe continues to move forwardEuropean Union regulators released a letter on Tuesday, September 30th, offering further details regarding their recently expanded investigation of Apple Inc. (NASDAQ:AAPL)’s agreements with Irish...



EBay splitting PayPal off as a separate company

EBay’s board of directors has approved a plan to separate the company’s eBay and PayPal businesses into independent publicly traded companies next year.Creating two stand-alone businesses best positions eBay and PayPal to capitalize on...



Judge holds Argentina in contempt over bond orders



10 Tuesday AM Reads

Is it just me, or does it seem like there is more news going on today than usual? No worries, we have you covered with our morning meritage of reads: • You can’t even spell “capitulation” (TRB) see also Is Rampant Hedging a Bullish...



Japan's Economy Remains Fragile

Japan's economy continued to stagnate in August after a pullback induced by a tax increase earlier in the year, raising difficult questions for Prime Minister Shinzo Abe who needs to make more tax decisions toward the end of the...



Parents Face Backlash After Changing Baby's Diaper On Chipotle Dining Table

A mom's decision to change her baby's diaper on a dining table in the middle of a Chipotle restaurant is making headlines this week -- and raising plenty of eyebrows in the process. According to The Consumerist, the mom in question was having...



Banks Cash In on Tax Trade

"Dividend arbitrage" helps big banks generate more than $1 billion a year by helping hedge funds reduce taxes, but it has drawn criticism from U.S....



America's Equipment Is Getting Seriously Old

Since the financial crisis, businesses reluctant to invest in its operations have been using much of their cash to reduce debt or are pay shareholders in the form of dividends. "The tide is turning," Charles Schwab's Liz Ann Sonders...



JUMPER RACED THROUGH WHITE HOUSE



American Apparel Buyout Coming?

One needs to step back and look at a few things and come to some conclusions: From the WSJ: American Apparel Inc. APP +3.40% moved […] The post American Apparel Buyout Coming? appeared first on...



Brussels to accuse Apple over illegal Irish tax deals: FT

(Reuters) - The European Commission will accuse Apple Inc of benefiting from illicit state aid in Ireland, based on preliminary findings of an investigation into tax deals, the Financial Times reported citing people familiar with the matter. ...



Alibaba Buys Stake in Beijing Shiji

Alibaba has agreed to buy a 15% stake in a Beijing-based company that develops technology software for the hotel industry for $457 million, as the Chinese e-commerce giant continues its acquisition spree after its U.S....



What do Uber and school choice have in common?

Quite a lot, as James Courtovich explains in today’s Wall Street Journal – they are both examples of pro-consumer, innovative, disruptive, superior and cheaper alternatives to entrenched, bureaucratic, unionized, and...



PIMCO Is Already Bleeding Billions

It's already begun. Investors are yanking cash out of PIMCO after the shock departure of Chief Investment Officer Bill Gross, who left on Friday to go to Janus. Gregory Zuckerman at WSJ reports: Pacific Investment Management Co. suffered roughly...



How much longer can the global trading system last?

My last blog entry inspired an old Brazilian friend of mine, with whom I hadn’t had any contact for years, to comment on this section of the interview: It seems to me that the US is becoming increasingly isolationist, largely because it is...



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Tesla Motors Inc (TSLA)’s Awarding of Gigafactory to Nevada Surprises Cramer

Tesla Motors Inc (NASDAQ:TSLA) announced yesterday that their $5 billion Gigafactory would be awarded to a site outside Reno, Nevada, ending months of speculation as to which state would win the rights to host the battery factory. On CNBC this morning,...



Connecting Apple’s dots…it will be different this time!

  CLICK ON CHART TO ENLARGE How time flies! Nine years ago Steve Jobs shared one of the most memorable commencement address's of all time at Stanford University (here speech)  In that speech, Steve discussed connecting...

Watch the Video > Post includes YouTube video


Inevitable Ineffective Banking Regulation

Photo Credit: Michael DaddinoI am mystified at why people might be outraged or surprised that the Federal Reserve does a poor job of overseeing banks.  The Fed is an overstaffed bureaucracy.  Overstaffed bureaucracies always tend toward...



Hedge Fund News: Eric Mindich, Andreas Halvorsen & Lansdowne Partners

Eric Mindich Increases Stake In Riverbed Technology (GuruFocus) Eric Mindich (Trades, Portfolio), founder of hedge fund Eton Park and famous for becoming at age 27 the youngest partner at Goldman Sachs Group, Inc. (NYSE:GS), increased his stake in...



Court Dismisses Two Suits On Fannie Mae, Freddie Mac Profits

Perry Capital's and Fairholme Funds’ cases were among the most prominent and closely-watched cases against Fannie Mae and Freddie MacFannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage...



SLIM AT NYT: 100 jobs eliminated from newsroom...

SLIM AT NYT: 100 jobs eliminated from newsroom...(Second column, 1st story, link) ...



JUMPER RACED THROUGH WHITE HOUSE

JUMPER RACED THROUGH WHITE HOUSE(Main headline, 1st story, link) ...



FHFA/Treasury Attorney’s Claim “Potential Future Profits” Belong on Balance Sheet

You have to read this and then think about the ramifications of what they claim. The scope of this is staggering…… HT to Peter Chapman […] The post FHFA/Treasury Attorney’s Claim “Potential Future...



Olive Garden investor: Back off on breadsticks

Starboard Value suggests the chain is being reckless with its unlimited...



Fix housing finance, fix the economy?

The vast majority of US mortgages made since the crisis have been guaranteed and securitised by government agencies, while many of the resulting bonds have been purchased by the Federal Reserve and will probably be held to maturity. For better or worse,...



American Apparel Buyout Coming?

One needs to step back and look at a few things and come to some conclusions: From the WSJ: American Apparel Inc. APP +3.40% moved […] The post American Apparel Buyout Coming? appeared first on...



Alibaba Buys Stake in Beijing Shiji

Alibaba has agreed to buy a 15% stake in a Beijing-based company that develops technology software for the hotel industry for $457 million, as the Chinese e-commerce giant continues its acquisition spree after its U.S....



Alibaba: Heavyweights Cooperman, Leob, Tepper Interested

Alibaba's initial public offering is scheduled for Sept. 19Alibaba’s initial public offering is one of the most highly anticipated offerings this year, and some of the biggest U.S. hedge funds appear to be ready to dive in....



Apple Tax Probe Details Revealed By EU

The Apple-EU tax probe continues to move forwardEuropean Union regulators released a letter on Tuesday, September 30th, offering further details regarding their recently expanded investigation of Apple Inc. (NASDAQ:AAPL)’s agreements with Irish...



Book Review: The Education of a Value Investor

Before I start, I would like to remind readers of a Q&A that I did with the author, which is available here. [For readers at Amazon: Google "Aleph Education of a Value Investor". There are other useful links in the version at my...



Treasury to Unveil Measures to Combat Tax Inversions

The Treasury Department on Monday evening will release the first details of how it plans to combat tax inversions, ending weeks of study and consultation that followed a wave of corporate...



Trump SoHo Hotel Lender Plans to Put Property Up for Sale

A lender to Trump SoHo, the upscale Manhattan hotel and condominium that Donald Trump unveiled on his television show The Apprentice, is foreclosing on the property and putting it up for sale, said people familiar with the...



Morning News: October 1, 2014

Surprise German Slide Weighs on Eurozone Manufacturing Japan Banks, ANZ Among Nine Foreign Lenders to Gain Myanmar Licenses Getting Ready for Rising Rates U.S. Lawsuits Related To Fannie Mae, Freddie Mac Profits Dismissed Sen. Warren: We Need Regulators...



Japan Economy Shrinks 7.1% Annualized in April-June

The revised figures show the economy suffered a bigger setback following the April sales-tax increase than earlier thought, a blow to efforts by Prime Minister Shinzo Abe to revitalize the...



Cheetah Bot Runs and Jumps UNTETHERED...

Cheetah Bot Runs and Jumps UNTETHERED...(Second column, 14th story, link) ...