The Dow Jones Industrial Index is up more than 450 points as I write. Less than one hour before the market close. Why? Well, probably because the Feds arrested the founder of Adelphia Communications Corp. and his two sons this morning. Want to improve confidence in the market -- put lying, cheating CEOs in the […]
On "Meet the Press" today, host Tim Russert took pains to point out in the Xerox accounting scandal that the SEC fine was $10 million -- on an overstatement of $6 billion. Yes, the fine is a pittance -- but who pays that fine? Give you a hint: It's not the accountants, the board of […]
The news is a little old, but when the economy tanked and the California government was faced with a large budget deficit, Gov. Gray Davis announced a hiring freeze. It turned out the freeze wasn't exactly real, and since then the state has hired about 9,000 additional workers. According to a report in the Sacramento […]
Flying under the radar, with all of the war news and the grilling of Attorney General John Ashcroft (I'd like my Bush administration official blackened, please) is the president winning a crucial vote of fast-track trade authority. The House voted 215-214 to approve the bill. It now goes to the Senate. I haven't heard what […]
Some end-of-the-week hoyblurbs (that's what I'm calling them for now, if you've got a better suggestion please send it my way) from around the Internet, and around the world. Quote of the Day: It's God's job to judge Osama bin Laden; it's the U.S. Marines job to arrange a face-to-face meeting. Was former President Bill […]