Archive for September 21st, 2010

Cash Is King – At Least In One Case

Here’s a bit of a puzzler for you. I took my car in for some needed repairs today and picked it up late, as I was the last customer to get his car back the same day. The owner of the shop checked me out and as I was paying remarked that he was amazed […]

Bonuses Survive Abysmal Performance At CalPERS

It would be easy to go ballistic over this article from CNBC on bonus payments at CalPERS. As its investment portfolio was losing nearly a quarter of its value, the country’s largest public pension fund doled out six-figure bonuses and substantial raises to its top employees, an analysis by The Associated Press has found. Board […]

Fed Fighting The Recession That’s Over

Lots of people and pundits are having fun with the NBER’s announcement of the end of the Recession. The Business Cycle Dating Committee of the National Bureau of Economic Research met yesterday by conference call. At its meeting, the committee determined that a trough in business activity occurred in the U.S. economy in June 2009. […]