•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 | 07.01.09
A Forecast With Hope Built In – Hope has got nothing on reality [New York Times]
Justice Department demands UBS client names – “Swiss bank UBS AG ”systematically and deliberately” violated U.S. law by dispatching private bankers to recruit wealthy Americans interested in evading taxes and must be forced to reveal the identities of 52,000 of those clients, the Justice Department said in a court filing in Miami Tuesday.” [AP via Miami Herald]
ADP Estimates U.S. Companies Cut Payrolls by 473,000 – Estimates ahead of tomorrow’s number keep us under 10% unemployment! Cross your fingers! [Bloomberg]
Scoping | 07.28.09
• House Members Have More Questions for Goldman – “In a two-page letter Monday, the House members, including Representatives Alan Grayson, (D-Fla.), Ron Paul (R-Texas), Maxine Waters (D-Calif.) and Walter B. Jones (R-NC), asked the Federal Reserve to explain why it granted a special exemption to Goldman which allowed it to take on more risk over the past few quarters.” Get on it Max. [DealBook]
• Swine flu boosts handwash sales – …And shrinks specializing in germaphobes [BBC]
• Sprint to Buy Virgin Mobile USA; I.B.M. to Buy SSPS [DealBook]
• Kerviel Lawyer Says SocGen Knew of Trading Positions – “Jerome Kerviel, the trader blamed by Societe Generale SA for a 4.9 billion-euro ($7 billion) loss last year, repeated arguments in a court filing that his superiors knew about his activities.” [Bloomberg]
• Traders Blamed for Oil Spike – “The Commodity Futures Trading Commission plans to issue a report next month suggesting speculators played a significant role in driving wild swings in oil prices — a reversal of an earlier CFTC position that augurs intensifying scrutiny on investors.” [WSJ]
Scoping | 06.23.09
At Least Seven Killed in Red Line Crash – “One Metro train slammed into the back of another on the Red Line at the height of the evening rush yesterday, killing at least seven people and injuring more than 70 others in the deadliest accident in Metrorail’s 33-year-history.” [Washington Post]
Conspiracy surrounds $134bn ‘bond’ find – If the blogosphere is good for anything, it’s a conspiracy [BBC]
Experts: Apple Disclosure ‘Falls Short’ – [Business Week]