Every single American should be outraged over this: One-hundred-thirty members of Congress or their families have traded stocks collectively worth hundreds of millions of dollars in companies lobbying on bills that came before their committees, a practice that is permitted under current ethics rules, a Washington Post analysis has found. The lawmakers bought and sold […]
Throughout 2009 we kept hearing about the need new and more wide-spread financial regulation. That’s when the market was down. Now that it is back up, it looks like new regulations might take a back seat: So what happened to Frank’s initial fervor? The stock market recovery — the Standard & Poor’s 500-stock index is […]
I decided to take a cue from Bob’s post and look at the trend of the health insurance stocks over the past month. Here is Aetna, Cigna and Universal. I highlighted some significant dates. An important note – basically every story broke in the evening, after the stock market closed, so the effects wouldn’t take […]
There has been so much talk lately trying to blame the market on Obama. Bob has been keeping track of MSNBC’s usage of a graph tracking the market since election day. So I wonder if the media would mind using some other numbers? DJIA when Bush took office: 10781 DJIA when Bush left office: 7949 […]
With the news of global markets sinking today, expect our stock market to go down when it re-opens from the holiday tomorrow: If futures contracts traded on a day when U.S. stocks weren’t even due to open are anything near accurate, then markets will be in for a major decline on Tuesday, with concerns about […]
Interesting argument and mostly true, but wasn’t it McCain’s party that was responsible for most of that spending? John McCain blamed overspending by the federal government in part for the nation’s economic troubles as South Carolina voters Friday received the sobering news that the state unemployment rate had hit 6.6 percent, the largest one-month increase […]
So the stock market is back to the 2005 levels, inflation is rising, people are losing jobs, people who have jobs have an insecure feeling about their income, the national debt is at record levels, we got army bases who might get the power shut off for failure to pay bills, etc., etc., etc. So […]
Gov. Joe Manchin of West Virginia has just ordered all mines to cease operations pending safety checks. The order follows the death of two more miners today in separate incidents. It is nice to see Gov. Manchin take such a serious stance on this and make this order. I am sure there will be some […]