• Better Paydays Ahead – “Many employers are planning to reinstate merit increases in 2010, but some compensation experts say base salaries are unlikely to return to pre-recession levels anytime soon, if ever.” Probably not what you had in mind. [WSJ]
• Reid $849 Billion Measure Widens Health Coverage, Cuts Deficit – “Senate Majority Leader Harry Reid unveiled an $849 billion health-care plan that would create new government competition for private insurers, cover almost all Americans and raise a payroll tax on the highest earners.” [Bloomberg]
• Democratic Rep. DeFazio Calls for Geithner and Summers to Be Fired – This smells desperate. [Naked Capitalism]
• Exclusive: GM Must Pay Debt, Make Money Before IPO – ” General Motors
• Bill Richardson’s Awkward Link To Alleged Ponzi Schemer – Apparently Hassan Nemazee’s firm has a four year contract to manage money for the Land of Enchantment. Yeah, that is awkward. [Forbes]
Related Posts
Preliminary Analytics | 09.01.09
• BofA Seeks to Repay a Portion of Bailout – “Repaying this would mean BofA would no longer be considered an ‘exceptional’ aid recipient — a designation that has put it under a microscope by Congress and regulators, with its pay packages subject to review by the federal ‘pay czar'”. Ken Lewis isn’t going to take it anymore. [WSJ]
• Madoff Liquidator May ‘Claw Back’ Charities’ Fake Profits – ‘Picard has an obligation to the bankruptcy estate to collect all the assets he can find and in theory he has to treat everyone the same way.’ Most thankless job ever. [Bloomberg]
• Warning Signs: I Started Looking And The Bubble Burst… – Deloitte. Start listening. [RTA]
• Icahn Pares Yahoo Stake With Sale of 12.7M Shares – Deal is done. Might as well work on GTFO. [NYT]
• Corporate failures forecast to rise – “Insolvency specialists are forecasting a second wave of corporate restructurings to break in September as bankers and investors face problem investments.” [FT]
• IRS to Mine Payment Data on Mortgages – “The Treasury inspector general said in a Monday report that tens of thousands of homeowners who paid more than $20,000 in mortgage interest in 2005 either didn’t file a tax return or reported income that appears insufficient to cover their mortgage interest and basic living expenses.” GASP. Someone living beyond their means? [WSJ]
Preliminary Analytics | 10.28.09
• GMAC Asks for Fresh Lifeline – Third round of bailout aid should be the charm. [WSJ]
• Ex-Chief of AMD Is Linked to Galleon – So far, Hector Ruiz isn’t in any trouble but this certainly doesn’t look good. [WSJ]
• World Series Games Add $15.5 Million Each to NYC, Agency Says – Much of which goes to Billy’s and Stan’s. [Bloomberg]
• Pitchfork Watch: Couple Charged With Torturing Suspected Mortgage Fraudsters – Mortgage brokers, this is your warning. [Naked Capitalism]
• Madoff victims lobby judge to deny Frank DiPascali Jr. bail – Surprise. [NYDN]
• It may be BYOB as fewer firms plan holiday parties – Roll in with the High Life. [Reuters]
Preliminary Analytics | 10.08.09
• British Regulator Objects to Ticketmaster Merger – “Ticketmaster and Live Nation said that they would cooperate with the commission and that they remained committed to the merger. They argued that the deal would be in the public interest.” [NYT]
• IBM Faces Justice Antitrust Inquiry – “The Armonk, N.Y., giant has long held a near-monopoly position in mainframes, which are large computers that can cost $1 million or more and are designed to run accounting software and databases. For decades, the company operated under terms of a 1956 consent decree with the government that required it to license mainframe technology to competitors.” [WSJ]
• US deficit ‘hits record $1.4tn’ – Records are meant to broken. [BBC]
• Promise of free money leads to scuffle between thousands in Detroit – “Several people reportedly passed out from exhaustion and had to be treated by emergency medical personnel.” [NYDN]
• Accounting’s Patron Saint – Not Arthur Andersen. [Energized Accounting]
• A Windows to Help You Forget – Review of Windows Siete. Some of you can go geek out over this. [WSJ]