Archive for May 29th, 2009

Newly Minted MBAs Promise To Be Better

Rejoice, MBA graduates at Harvard and other elite schools are now signing an oath to go forth into the world and work for the betterment of mankind. At least, that’s the gist of an article in the New York Times. According to the Times, the students are not only lining up to promise to do […]

The End Of A Love Affair

If GTO, Hurst shifters, competition slicks and bored and stroked mean anything to you then you need to read this delightful article in the Wall Street Journal. It’s P. J. O’Rourke’s obituary for the American automobile. Here’s a sample: The phrase “bankrupt General Motors,” which we expect to hear uttered on Monday, leaves Americans my […]

Interest Rates Torpedo Refinancings

All of this was supposed to be a thing of the past. You know, no mortgage brokers stringing their customers along while they waited for rates to get better and pad their bottom line, everyone getting exactly what they were promised a new, kinder and gentler mortgage market. Guess what. It didn’t happen. When rates […]

Do We Really Have To Go Through This To Appoint A New Supreme Court Justice?

I’m to the point that I cringe every time a Supreme Court justice retires and a new one is nominated to take his or her place. Whether it’s a conservative or liberal nominee, the process of vetting the new candidate is beyond unseemly.  So it is already becoming with President Obama’s nominee, Sonia Sotomayor. Her […]

The Awful Shape Of Arizona’s Banks

Given the busts in the residential and commercial real estate markets as well as the general awful state of it’s economy I always figured that Arizona’s banks were probably in rough shape. I didn’t realize how bad it has become. No large banks call Arizona home. There are 55 small community type banks and the […]

Health Care Moving To The Front Burner

After all the talk this Spring about health care reform, it looks as if the battle will be joined early next month and contrary to conventional wisdom they appear to be going for broke. Senator Ted Kennedy is leading the charge. Reports are that the plan closely resembles the health care reforms initiated in Massachusetts […]