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10 Ideas for Newspaper Survival
The reason I no longer subscribe to a newspaper is mainly related to the quality of the content.
After the national media essentially gave George Bush a free pass before the 2000 (and 2004) election, as well as showed their utter cluelessness or menace in allowing uncritically the lies and propaganda that led to the Iraq war, I no longer trust any of our major newspapers with the job of informing me about the world.
It is that simple.
Instead of printing balanced and critical news reports, the papers were i busy prattling on about the endlessly rising housing market and pandering to their advertisers from the National Association of Realtors.
Those are good enough reasons for me, and they are just the tip of the iceberg of omission, incompetence and misinformation that has been passing for 'news" the last 20 years.
The papers
1. Missed the Iraq war fraud
2. Missed the housing and economic bubble entirely
Does anyone need additional reasons not to subscribe to the newspaper?
With 75bp Cut, Fed Becomes the Most Aggressive Central Bank
Not that there is anything intrinsically wrong with that, but on the other hand be aware that she has never posted an argument that USD would rise, even in the last 3 months when it rose 20% against some currencies.
In other words: Bias alert !!
Cisco Valuation So 'Silly' It's Time to Buy - JMP
I think not.
Time for Global Coordinated Easing
Time for Global Coordinated Easing
This article contains an extraordinary amount of mumbo-jumbo and nothing concrete about anything. I'm nor surprised.
Fannie and Freddie Did Not Cause This Crisis
The problem with the terminology used in this article is that the reader can be confused because FNM/FRE loans are commonly referred to as "agency loans", in the sense of "via government agency". Although we all know that FNM/FRE are not really (or supposedly) "government agencies", the terminology seems to be very common.
Four Myths About the Free Market and Its 'Demise'
Dollar Goes Down Along with Bailout Plan
Dollar Goes Down Along with Bailout Plan
What was that misleading headline again? Oh, yeah,
"Dollar Goes Down Along with Bailout Plan"
The Deal's Getting Done, But Will It Work?
For example (page 32 lines 10-22),
if (auction-based purchases) AND (the total is above $300M) then
1. The Secretary shall prohibit entering into NEW golden parachute agreements
2. MEANING: existing golden parachutes are not affected
3. The Secretary shall issue guidance to carry out this paragraph not
later than 2 months after the date of enactment of this Act, and such
guidance shall be effective upon issuance
4. MEANING: there is a 2-month window for making new golden
parachutes, or better yet, make them now before the law passes.
endif
Here is how it should have been:
For any company that sells assets to the treasury, any executives or
employee that has a golden parachute shall give up all provisions of
their golden parachute.
Bailout Talks Lose Sight of the Cost Question
The institution must use the capital to make a write-down of the specific impaired assets, and can then dispose of the assets to private investors on the open market, or hold them, a they see fit.
The price of preferred shares should be determined by some function of the market value on AND around the date of asset disposal (and/or writedown), details TBD. Of course, safeguards against price manipulations around those dates must also be enacted.
The key is to align tax-payer interest as a stakeholder with the regular shareholder interest, and the management interest. That is the only way to get the desired outcome, which is to protect the taxpayer downside and to participate in the upside. In short, the bailout should take the form of an INVESTMENT for a RETURN.
Note: I’m not talking about the type of “aligning management and shareholder interest” which is doublespeak for “handing out lot of options and restricted stock to management”. :-)
Barney Frank's Money Quote
Barney Frank's Money Quote
Barney Frank's Money Quote
Barney Frank's Money Quote