Maria Bartiromo interviews Meredith Whitney.  Mert has finally hit gold predicting CITI would need more capital and cut its dividend. She says more of the same is in store as the banks and brokers re being overly optimistic about their so called assets.  This seems to be a particularly good issue of B/W with several…

It seems employers in the Lehigh Valley are getting turned off by the under thirty set.  Soft job skills include showing up on time and getting some work done. Even at $13 an hour this is not happening. Companies are shunning folks under thirty and going for the over forty set. I can remember protestors…

John Stossel is one of my favorite common sense columnists.  Here he takes on the stimulus and identifies the economist who made the ‘bucket of water from the deep to shallow end’ of the pool observation. This past weekend my wife and I observed a $899,000 new house for sale in Duncanville.  There were about…

Warren Buffet advanced a proposal to resuce the municipal bond insurance industry, at a steep price. And they can keep their sub prime debt and other problems he said.  Oh well, no one ever said Warren was not  a smart shopper.  I discussed this today in intermediate as we studied the bond market. Why is…

Ford was not answering Dealer Inquiries about the Mercury brand.  GM dropped Olds but spent millions settling dealer contracts.  And as we know from cost accounting, GM dropping Olds or Chrysler dropping Plymouth, or now Ford dropping Mercury does not lower fixed costs.Instead it raises fixed costs per unit over the rest of the product…

In an unexpected move today GM CEO Rick Wagoner announced that the company is exiting the North American market.  "We are profitable the world over and expanding market share except in our home country.  We are embracing globalization, not running away from it.  We see value for shareholders by seeking a Chrysler style sale on…

All Classes I will spare you my frustration with WEB CT and its design from my standpoint and simply tell you thatI have configured each class so that you can post your papers under the discussion tab so your classmates can comment on it via a threaded webpost your same paper under assignments so I…

Yahoo rejected MSFT’s initial offer.   Now YHOO needs a higher offer from MSFT or some white knight to offer even more.  A White Knight would be a buyer who would offer more and not destroy all the exisitng jobs for everyone at YHOO something sure to happen if MSFT wins the bid.  The Board…

Got that?  It seems Price Waterhouse Coopers the outside auditor for insurance giant AIG, has questions about the Internal Control systems. It is dificult to value, are you ready, the super senior credit default swap portfolio.  Gee it is hard enuogh to write it or say it much less value it!  We will be studying…

Jeremy Clark is the new Manager of Lancaster Memorial Hospital. Jeremy is new to the Dallas area having spent his life in the SE United States. He listed five new initiatives at the Hospital including New obstetrics unit-50 babies delivered in June Emergency Room Waiting Time Lowered Occupational Medical Program A new Physical Therapist Hired…