•California in ‘fiscal emergency’ – Can’t really decide which state capital has more clowns per capita, Sacramento or Albany [BBC]
•Former HealthSouth executive gets prison time – 3 months. Meh [AP via Miami Herald]
•Big Pay Packages Return to Wall Street – Paging Congressman Frank [WSJ]
Related Posts
Scoping | 07.30.09
• Moore’s ‘Capitalism: a Love Story’ to Debut in Venice – We thought it might debut at 85 Broad but whatevs. [Bloomberg]
• In downturn, robots laid off – Statistics also show that robot suicides and chemical dependency is up. [Miami Herald]
• Madoff gives feeder fund managers’ names to lawyer – Something about spending 150 years in prison makes a man want to talk. [Reuters]
• Cablevision to spin off Madison Square assets: report – In other news, Penn Station will remain a toilet. [Reuters]
• Air Canada Gets Bailout From Ottawa – “Air Canada has secured a 1 billion Canadian dollar ($922 million) lifeline with help from the federal government, giving the carrier a crucial infusion of cash to help it survive the recession and avoid another trip through bankruptcy protection, The Globe and Mail reported.” It’s the North American way. [DealBook]
Scoping | 06.25.09
The SEC Is Too Lax on CEO Health Disclosure – Because someone’s personal health is everybody’s business [Business Week]
Indicted Billionaire to Appear in Court in Texas – It’s showtime: “On Thursday, the 59-year-old Texas financier was expected to have a chance to formally declare in court he is innocent of charges his international banking and financial empire was really just a Ponzi scheme.” [DealBook/NYT]
Study Ties Madoff Losses to Charity’s Board Size – [DealBook/NYT]
Scoping | 07.13.09
• Stage Set For Sotomayor’s Confirmation Hearings – “As hearings begin, many observers believe only a major blunder could halt the 54-year-old federal appeals court judge’s march toward becoming the first Hispanic, and just the third woman, to sit on the nation’s mightiest bench.” [NPR]
• CIT Group Scrambles to Survive, Avoid a Run – Here we go again? [WSJ]
• Bank of America Said to Balk at Paying Backstop Fee – “Regulators contend Bank of America owes at least part of a $4 billion fee it agreed to pay in January — even without a completed legal document — because the company benefited from implied U.S. backing on about $118 billion of Merrill Lynch assets, such as mortgage-backed bonds, people familiar with the matter said.” [Bloomberg]