•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 | 07.31.09
• Buffett Posts $1 Billion Profit on China Hybrid Carmaker BYD – “The automaker has jumped fivefold in Hong Kong trading since the deal was announced on Sept. 27, helped by Buffett’s investment and rising demand for fuel-efficient vehicles.” – YAWN. [Bloomberg]
• ‘Cash For Clunkers’ Lacks Cash For Clunkers [NPR]
• U.S. Recession Worse Than Previously Estimated, Revisions Show – “The first 12 months of the U.S. recession saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed.” Government data estimates not even close? THE HORROR. [Bloomberg]
• Regulators Are Getting Tougher on Banks -“Federal regulators have escalated the number of wounded banks they have essentially put on probation, with some of the targeted banks complaining that the action is too harsh.” [WSJ]
Scoping | 07.23.09
• Obama Approval 49% Among U.S. Investors, 87% Overseas – “President Barack Obama has rock- star appeal among the investing class — except in his own country.” [Bloomberg]
• Investment Bank Helps Boost Credit Suisse’s Net Income – Reigning in on the company wide Shake Shack outings is probably helpful too. [WSJ]
• One-time gain boosts Ford results – Don’t call it a comeback [BBC]
• Manure means money to handlers gathered in Iowa – Sometimes there’s money in shit [AP via Miami Herald]
• Bardem Turns Down Role in ‘Wall Street’ Sequel – “The actor Javier Bardem has turned down a role in the sequel to Oliver Stone’s seminal 1980s treatise on greed, “Wall Street.” Mr. Bardem, who won an Oscar in 2008 for his performance in “No Country for Old Men,” was to have played the world’s villain du jour: a hedge fund manager.” [DealBook]
Scoping | 07.21.09
First, some shameless promotion:
• Breaking Media Launches Going Concern [Media Bistro]
• New Finance Blog Aims To ‘Make Accounting Sexy’ [Media Post]
• Site launched to follow accounting industry [Talking Biz News]
And the rest:
• California Budget Deal Reached By Legislators, Schwarzenegger – “The deal, reached by legislative leaders after two months of frequently acrimonious negotiations, would slash spending for schools, public works and welfare programs amid the longest recession since the 1930s. If approved by the full Senate and Assembly, the agreement will also siphon money from municipalities, force companies and individuals to pay income taxes sooner and make it more difficult to receive state aid.” [Bloomberg]
• Swiss Banks Freeze Out U.S. Clients – “In a sign that UBS AG’s high-profile spat with the Internal Revenue Service is chipping away at Switzerland’s private banking industry, some Swiss banks are cutting off or curbing business with American clients for fear of crossing U.S. authorities.” [WSJ]
• ‘Spy scandal’ hits Deutsche Bank – “Deutsche Bank has confirmed it faces a possible criminal investigation into spying allegations.” [BBC]