• Be fair to Bernanke – Steve Rattner, former car czar, makes the case for the Beard. [WP]
• New Jersey Losing $22,000-a-Day With Swap for Bonds Never Sold – The Garden State owes the Bank of Montreal $23.5 million: “The sum, about the same as the salaries for 113 teachers over three years, will allow it to avoid a $50 million penalty for canceling the contract, which was tied to planned sales of school-construction bonds.” [Bloomberg]
• Chávez Spurs Bank Fears – The next big mess? ‘It’s going to blow…It’s just a matter of time.’ [WSJ]
• Petters Plans Appeal of $3.5B Fraud Conviction – “Efforts to recover money to compensate victims will likely net only pennies on the dollar, and prosecutors have not ruled out new charges against others.” [AP via NYT]
• The PCAOB Wants an Increase in Its Allowance – JDA, always wanting to be helpful, has some suggestions for the PCAOB. [JDA]
Related Posts
Preliminary Analytics | 11.03.09
• Berkshire Buys Burlington in Buffett’s Biggest Deal – WB likes BNSF for $100 a share and he’ll thrown in some free DQ just because he can. [Bloomberg]
• Business Bankruptcy Filings Increased 7% in October – Over 130k total personal and commercial bankruptcies, up 20% from last year. [WSJ]
• What To Watch For On Tuesday – It’s election day. [NPR]
• Stanley, Black & Decker in Deal – “The transaction, which had been discussed three times before, according to the companies, represents a view that the housing market will bounce back from current lows, but also an acknowledgement that the do-it-yourself market and construction will not soon approach sky-high levels of a few years ago.” [WSJ]
• RBS, Lloyds Diverge on U.K. Aid as They Unveil Plans – “The U.K. government said Tuesday it will put £31.2 billion ($51.2 billion) in new taxpayer money into the two banks as part of a revamp of the banking system and the long-awaited asset-protection program.” [WSJ]
Preliminary Analytics | 10.01.09
• Bank of America Chief Resigns Under Fire – “One sign to company insiders that something was up: Mr. Lewis returned to work after Labor Day in a full beard, which no one at the bank had ever seen before. He shaved it off after one day.” We’re picturing something along the lines of ZZ Top. [WSJ]
• Cowboys Under 60-Yard-Long HDTV Signaling Player-Pay Showdown – “The stadium epitomizes the NFL’s costly building spree during the past 15 years. Many owners used cheap credit to build and renovate 24 of the league’s 31 venues, more than quadrupling debt held by teams and the league to about $9 billion this year from 1996.” On a side note, guess where the NFL CFO used to work? [Bloomberg]
• Crocs laces up $30M in credit – Unfortunately, Crocs seems to have survived its near death experience. [Denver Business Journal]
• Comcast-GE Talks Heighten Intrigue Over Fate of NBCU – Your cable company part owner of Conan, The Office? That feels icky. [WSJ]
• 47% Will Pay $0 Income Tax in 2009 – Probably none of you. [TaxProf Blog]
Preliminary Analytics | 09.08.09
• Study: 2 out of 5 working-age Californians jobless – That sorta seems not good. [AP via SF Chronicle]
• Volunteer 5-0: Civilian Patrols Grow As Recession Puts Citizens on Guard – “After parking her truck in this beachside town in July, local resident Pamela Miller says she was confronted by a man wearing a neon-lemon “Parking Enforcement” T-shirt. He accused her of parking illegally, called her “retarded,” and, after she refused to move her truck, bumped her legs with his Ford Crown Victoria, she later told town officials.” [WSJ]
• Closely Watched Buffett Recalculating His Bets – Not that you’re going to do anything about it. [NYT]
• Deadline for $24m Leibovitz loan – Due today. If this somehow gets pulled off, can any of you help this woman? [BBC]
• Cadbury vows to fight Kraft offer – Because chocolate eggs and manufactured cheese don’t belong together. [FT]
• France to oppose Google book scheme – Your back-up career plan to scan the likes of Atlas Shrugged and the Harry Potter series may be put on hold. [FT]
• Swiss topple U.S. as most competitive economy: WEF – Obviously not taking the whole ‘End of Swiss Banking as we know it’ very well. [Reuters]