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Is the U.S. Banking System Safe? August 03, 2008 by James Quinn *James Quinn is Senior Director of Strategic Planning, The Wharton School, University of Pennsylvania. "Treasury Secretary Henry Paulson delivered an upbeat assessment of the economy, saying growth was healthy and the...

That's Dubai. There are record petrol dollars supporting that market, while record high petrol dollars are putting the pinch on boat sales in the U.S.

http://www.bloomberg.com/apps/news?pid=20601093&sid=at2ZofPoCGrM&refer=home Newport Yacht Owners Find $10,800 Buys Gas, or Two Chanel Bags By Brian K. Sullivan Aug. 1 (Bloomberg) -- Durand Blane measures the rising cost of filling her husband's 75-foot, white motor yacht by what the...

McCain seemingly has no interest in economic policy, which is exactly what we don't need right now. He outright admitted he has very little knowledge of economic matters. I wish the GOP could field a competent candidate.

What, exactly, is the problem? Under the current law formula, investors in oil and gas index funds or other financial products get long-term capital gains treatment for 60% of their returns. The current tax rate for long-term capital gains is 15%. The remaining 40% of returns are taxed as...

I drove through downtown Orlando 3 years ago and thought I was in South Central.

I'm not a fan of unions. However, I'm not a fan of upper management, either. And I'm not opposed to a sensible government policy that targets critical industries and assists them in a competitive world where other governments are doing the same. Business is war and we're not doing too...

Deflation is the only thing that will save the economy by spurring middle class spending on discretionary goods. Inflation is public enemy number one.

McCain has indicated he doesn't believe in such bailouts. Obama wants to provide a 4 billion assistance package to the big three, for starters. http://www.autounleashed.com/barack-obama-endorses-4-billion-aid-for-gm-ford-and-chrysler

Reagan did bail out Chrysler (Reagan had more leadership in his pinky than the current administration put together). So what? When the Big Three went to see Bush two years ago, he slammed the door in their face.

I believe a democratic administration, working with a democratically-controlled congress, would bail out the domestic auto industry. I'm not commenting on what party is better or worse on balance, nor am I expressing an opinion on the merits of having the U.S. government intervene (like they...

The only individual on CNBC who has a grain of intelligence and integrity is Rick Santelli. Aside from that - no, even with that - CNBC is the Miller High Life to the refined Pilsner Urquell that is Bloomberg. They may call themselves the same thing, but they are worlds apart in quality.

FASB has now effectively delayed the date banks will have to take their asset write-downs and losses on to their books. http://thehill.com/business--lobby/wall-street-warns-regulators-not-to-rush-accounting-change-2008-07-29.html "FASB has signaled that it is open to postponing the...

Yes. The AH price movement RM originally spoke of.

MA is not exposed to defaults on debt by card holders. Neither is Visa. AMEX is. From what I've been able to gather, MA had higher compensation costs (shareholders are pissed) and also a one time expense to settle litigation with AMEX, which resulted in a 746 million dollar loss. The...

No personal experience with them mak. I've just been in awe watching the run since $40, and waiting for them to make a sustained move down, which hasn't even happened yet.

RMs instinct that something didn't make sense about the numbers was spot on. MA is taking a massive dump.

If I had any balls, I would have been short.

Just have to love how accurate and timely government data is.... ...the recession we all felt, but were told was in our heads (assuming they revise subsequent Qs down).

I think it not cool to post PMs publicly, jay. It has a chilling effect on speech between forum members. Just my .02 Disregard at will.