BLOG.JMHAMILTONPUBLISHING.COM: Monthly Archives for May 2011

"Judd Gregg's experience and insight will contribute significantly to our firm and our continuing focus on supporting economic growth," said Lloyd C. Blankfein.

Posted by J.M. Hamilton Blog at 5/31/2011 9:05 PM | Add Comment

"But Sprint, the No. 3 U.S. mobile operator, took issue with that argument, saying that AT&T has no lack of spectrum."

Posted by J.M. Hamilton Blog at 5/31/2011 8:28 PM | Add Comment

“That is only going to make the debt to G.D.P. figures worse,” he said. “There is no getting around it: Greece is insolvent.”

Posted by J.M. Hamilton Blog at 5/31/2011 8:14 PM | Add Comment

"In May, Mr. Trichet walked out of a meeting with leaders of euro zone countries in Luxembourg. He was upset that the politicians were toying with the idea of a Greek debt restructuring."

Posted by J.M. Hamilton Blog at 5/31/2011 8:12 PM | Add Comment

"The announcement will be made Monday by Steven P. Jobs, Apple’s chief executive, and a team of other executives at Apple’s Worldwide Developers Conference."

Posted by J.M. Hamilton Blog at 5/31/2011 8:11 PM | Add Comment

“Everybody blames speculation.”

Posted by J.M. Hamilton Blog at 5/31/2011 8:09 PM | Add Comment

"Many House Republicans have said publicly that they either do not believe the government will default or that they do not fear it."

Posted by J.M. Hamilton Blog at 5/31/2011 8:07 PM | Add Comment

"Analysts had predicted the index, which anticipates sales that will be completed in the next two months, would be down 1 percent from March. Instead, it plunged 11.6 percent."

Posted by J.M. Hamilton Blog at 5/31/2011 6:31 AM | Add Comment

"The Greek/German 10-year bond yield spread was 20 basis points wider on the day at 1,387 bps."

Posted by J.M. Hamilton Blog at 5/30/2011 7:56 PM | Add Comment

"There is a lot of killing, genocide ... violence against women. No wise, rational person with the minimum of dignity can do what we saw with our eyes and what he asked us to do."

Posted by J.M. Hamilton Blog at 5/30/2011 7:54 PM

"The braking measures have included the requirement that commercial banks, to restrict their ability to lend, must park more than one-fifth of their assets at the central bank."

Posted by J.M. Hamilton Blog at 5/30/2011 7:51 PM

"Mr. Obama noted that General Dempsey only recently assumed his job as the Army chief, a tenure, the president said, that 'may go down as one of the shortest in history.'"

Posted by J.M. Hamilton Blog at 5/30/2011 7:42 PM | Add Comment

Sherman, Scorched Earth and Goldman Sachs

Posted by J.M. Hamilton Blog at 5/30/2011 8:45 AM | Add Comment

“Are the banks bigger than they were before? They’re bigger,” Mobius said. “Too big to fail.”

Posted by J.M. Hamilton Blog at 5/30/2011 8:41 AM | Add Comment

"But when Mr. Strauss-Kahn was selected for the top spot in November of 2007, the staff code of conduct was written into his contract..."

Posted by J.M. Hamilton Blog at 5/30/2011 8:36 AM | Add Comment

“It’s far less integrated into the world’s manufacturing supply chains than you would expect, given the size of Japan’s economy.”

Posted by J.M. Hamilton Blog at 5/30/2011 8:32 AM | Add Comment

"Administration officials say that their audits and investigations of employers have laid the groundwork for a system that would dissuade companies from hiring illegal immigrants."

Posted by J.M. Hamilton Blog at 5/30/2011 8:28 AM | Add Comment

“People who are conservative by nature are not going to go into the profession,” he said, “because medicine is not about running your own shop anymore.”

Posted by J.M. Hamilton Blog at 5/30/2011 8:24 AM | Add Comment

"Owning gold and silver, they say, will help protect people."

Posted by J.M. Hamilton Blog at 5/30/2011 8:19 AM | Add Comment

"'If intruders get the key, the seed that enables one-time passwords to be generated,' then they may have the capability to break into networks that depend on such systems to authenticate users..."

Posted by J.M. Hamilton Blog at 5/29/2011 10:33 AM | Add Comment

"Of course, contagion is the big concern."

Posted by J.M. Hamilton Blog at 5/29/2011 10:29 AM

"While the rebels talk constantly about the danger of a Fifth Column of Qaddafi supporters, it is hard to imagine, so universal is the apparent acclaim for Free Libya."

Posted by J.M. Hamilton Blog at 5/29/2011 10:20 AM | Add Comment

"The legislative session brought public schools one drastic change — $4 billion less in state financing — but not much else."

Posted by J.M. Hamilton Blog at 5/29/2011 10:17 AM | Add Comment

"Of the senior commanders to emerge from the wars in Iraq and Afghanistan, General Dempsey is known as among the least self-aggrandizing."

Posted by J.M. Hamilton Blog at 5/29/2011 10:12 AM | Add Comment

"But the opening on Saturday is a reminder of how things are changing between Egypt and Israel after Mr. Mubarak’s ouster."

Posted by J.M. Hamilton Blog at 5/29/2011 10:03 AM

“I’m not advocating for tight monetary policy, but I do think we have to get off of zero if we want to avoid repeating some of the mistakes of the past with a very easy credit environment,” Hoenig said.

Posted by J.M. Hamilton Blog at 5/28/2011 5:12 PM | Add Comment

“That is not for Congress to determine whether or not a crime was committed or whether or not he violated the security laws,” Levin said, referring to Blankfein. “That is for the Justice Department and that is for the SEC to make those determinations.”

Posted by J.M. Hamilton Blog at 5/28/2011 5:10 PM

"Europe should make Greece restructure its debt -- swiftly."

Posted by J.M. Hamilton Blog at 5/28/2011 7:48 AM | Add Comment

"Yet, more than two years into recovery, we're still laboring with a 9% unemployment rate, and more than 20 million people are underemployed or jobless."

Posted by J.M. Hamilton Blog at 5/28/2011 7:39 AM | Add Comment

"The only question is when Mr. Obama will start pushing back."

Posted by J.M. Hamilton Blog at 5/28/2011 7:35 AM | Add Comment

“We don’t know what they went after at Lockheed,” Mr. Lewis said... “One possibility is that it’s a state actor, but it could also be criminals who are trying to exploit the company’s customers.”

Posted by J.M. Hamilton Blog at 5/28/2011 7:30 AM | Add Comment

Citizens United Expanded?

Posted by J.M. Hamilton Blog at 5/28/2011 7:27 AM | Add Comment

Like father like son: "This week, Mr. Paul’s parliamentary maneuvers nearly caused the Patriot Act to expire..."

Posted by J.M. Hamilton Blog at 5/28/2011 7:22 AM | Add Comment

“We want freedom and democracy. No dialogue with Assad’s regime. He should leave or change completely his regime.”

Posted by J.M. Hamilton Blog at 5/28/2011 7:17 AM | Add Comment

“This is like adding another Venezuela or Kuwait by 2020, except these tight oil fields are in the United States.”

Posted by J.M. Hamilton Blog at 5/28/2011 7:12 AM | Add Comment

"Recent data including retail sales and industrial output have been soft, prompting economists to lower their growth forecasts for the second quarter."

Posted by J.M. Hamilton Blog at 5/27/2011 6:41 PM | Add Comment

"It was not immediately clear what kind of data, if any, was stolen by the hackers."

Posted by J.M. Hamilton Blog at 5/27/2011 6:36 PM | Add Comment

"The information asymmetry theory assumes that the I.P.O. pricing is a product of information disparities."

Posted by J.M. Hamilton Blog at 5/27/2011 6:33 PM | Add Comment

"Thus even if Lehman had been able to pull off the good bank/bad bank scheme in a way that did not constitute a fraudulent transfer...it would have faced years of litigation thereafter."

Posted by J.M. Hamilton Blog at 5/27/2011 6:31 PM | Add Comment

"...the distinctions between the traditional banking industry and shadow firms will produce 'incentives to concentrate debt leverage that has led and may lead again to systemic events.'"

Posted by J.M. Hamilton Blog at 5/27/2011 6:28 PM | Add Comment

"Romney had 17 percent and Palin was second with 15 percent in the survey of Republicans and Republican-leaning independents. Bachmann received 5 percent."

Posted by J.M. Hamilton Blog at 5/27/2011 6:26 PM | Add Comment

"The Group of 20 nations 'is going to have something to say on the global imbalances later this year, so it is better to decide these matters in a world forum rather than for the U.S. to take unilateral action.'"

Posted by J.M. Hamilton Blog at 5/27/2011 6:23 PM | Add Comment

"The FCC asked today for “all plans, analyses, and reports discussing the creation or loss of jobs."

Posted by J.M. Hamilton Blog at 5/27/2011 6:18 PM | Add Comment

"Buying Salesforce.com's August $160 call, and selling the August $185 call when the stock was at $151.03 offers 'upside exposure to the cloud...'"

Posted by J.M. Hamilton Blog at 5/27/2011 6:15 PM | Add Comment

Better Make Sure your Counterparty can Payout on your Greek Swaps...

Posted by J.M. Hamilton Blog at 5/27/2011 6:11 PM | Add Comment

"Mr. Saleh has been an ally of the United States on counterterrorism, but now American officials are considering pushing for United Nations resolutions or even sanctions..."

Posted by J.M. Hamilton Blog at 5/27/2011 6:07 PM | Add Comment

“I see no redeeming reason” for federal regulators to approve the transaction, Mr. Conyers said. “Not even one.”

Posted by J.M. Hamilton Blog at 5/27/2011 8:22 AM | Add Comment

“I am sure that the Saudis do not like this revolutionary wave — they were really scared.”

Posted by J.M. Hamilton Blog at 5/27/2011 7:49 AM | Add Comment

WAR CRIMES

Posted by J.M. Hamilton Blog at 5/27/2011 6:14 AM | Add Comment

“This was a particularly shocking abuse of trust.“

Posted by J.M. Hamilton Blog at 5/27/2011 6:10 AM | Add Comment

“Sony may keep him on for lack of better alternatives.”

Posted by J.M. Hamilton Blog at 5/27/2011 6:09 AM | Add Comment

"After all, being on Capitol Hill makes one an ultimate insider."

Posted by J.M. Hamilton Blog at 5/26/2011 8:41 PM

FED Offers More Bailouts for Wall Street Banks.... “What they did was so far from what we conventionally think of as monetary policy.”

Posted by J.M. Hamilton Blog at 5/26/2011 8:39 PM | Add Comment

"Reputation, together with the closely related concerns about IT, privacy, data security, and product or service failure are now a focus of many boards."

Posted by J.M. Hamilton Blog at 5/26/2011 8:35 PM | Add Comment

"Notable for its absence from the agenda is the sovereign debt crisis that has driven the euro to a record low against the Swiss franc."

Posted by J.M. Hamilton Blog at 5/26/2011 5:47 AM | Add Comment

"The accusation against Litton is the latest headache for the unit, which Goldman is seeking to sell."

Posted by J.M. Hamilton Blog at 5/26/2011 5:44 AM | Add Comment

“Getting the corporate governance at these enterprises to back to as normal as can be is highly important.”

Posted by J.M. Hamilton Blog at 5/26/2011 5:42 AM | Add Comment

"Three of the Republicans senators who voted against the House plan on Wednesday are moderates from Northeastern states: Scott Brown of Massachusetts and Susan Collins and Olympia Snowe of Maine."

Posted by J.M. Hamilton Blog at 5/25/2011 8:43 PM

“It’s not a bill to give the regulators more time; it is a bill to prevent the regulators from acting.”

Posted by J.M. Hamilton Blog at 5/25/2011 8:41 PM

"...there remained a number of downside risks for the global economy, including high energy and commodity prices, a slowdown in China caused by the government’s efforts to fight high inflation, and the crisis among the euro states."

Posted by J.M. Hamilton Blog at 5/25/2011 8:37 PM

"The study by the I.M.F. economists found that the heaviest lobbying came from lenders making riskier loans and expanding their mortgage business most rapidly during the housing boom."

Posted by J.M. Hamilton Blog at 5/25/2011 8:32 PM | Add Comment

“This was a big day and a great day for the taxpayer.”

Posted by J.M. Hamilton Blog at 5/25/2011 8:25 PM | Add Comment

"Meanwhile, blackouts are starting to slow the nation’s torrid growth of energy-intensive industries like steel, cement and chemicals."

Posted by J.M. Hamilton Blog at 5/25/2011 7:05 PM

BEWARE!

Posted by J.M. Hamilton Blog at 5/25/2011 7:02 PM | Add Comment

“Congressman, you are causing problems,” Ms. Warren said. “We had an agreement.”

Posted by J.M. Hamilton Blog at 5/25/2011 5:19 AM | Add Comment

“I have almost always voted the party line,” said Gloria Bolender, a Republican... “This is the second time in my life I’ve voted against my party.”

Posted by J.M. Hamilton Blog at 5/25/2011 5:17 AM

"By March, there were reports that the Barnes & Noble sale process was failing. The same decline in Borders’ business was apparently scaring off potential private equity and other bidders."

Posted by J.M. Hamilton Blog at 5/25/2011 5:15 AM | Add Comment

'But France has gone further than many other Western countries in pushing for what Mr. Sarkozy has called a 'civilized Internet.'''

Posted by J.M. Hamilton Blog at 5/25/2011 5:11 AM | Add Comment

"Glencore has become one of the largest and most secretive players in commodities."

Posted by J.M. Hamilton Blog at 5/24/2011 7:57 PM | Add Comment

"If Mr. Mubarak is convicted on the accusations, he could potentially face the death penalty."

Posted by J.M. Hamilton Blog at 5/24/2011 7:54 PM | Add Comment

"The point is Qaddafi and Tripoli are increasingly isolated diplomatically."

Posted by J.M. Hamilton Blog at 5/24/2011 7:53 PM | Add Comment

"Ending subsidies for some industries would level the playing field while reducing uncertainty about future taxes would bolster business."

Posted by J.M. Hamilton Blog at 5/24/2011 7:48 PM | Add Comment

"Moody’s Investors Service warned Tuesday that British banks, including Lloyds and Royal Bank of Scotland, could face a downgrade of their credit ratings amid the withdrawal of government guarantees."

Posted by J.M. Hamilton Blog at 5/24/2011 7:45 PM | Add Comment

"Last month, President Obama said he was asking Attorney General Eric H. Holder Jr. to set up a working group specifically to look into the issue of fraud in oil and gas markets and 'safeguard against unlawful consumer harm.'"

Posted by J.M. Hamilton Blog at 5/24/2011 7:43 PM | Add Comment

“We will not back this erroneous economic program,” Mr. Samaras said. “What is needed is a creative shock through the reduction of taxes. We say yes to privatizations but no to measures of fiscal panic.”

Posted by J.M. Hamilton Blog at 5/24/2011 7:35 PM | Add Comment

“I strongly support the Volcker Rule and suggest it should be implemented with resolve and should be strengthened in its reach and impact,” Hoenig said.

Posted by J.M. Hamilton Blog at 5/24/2011 7:33 PM

"Its MBIA Insurance Corp. unit paid the firms to tear up contracts insuring against losses on corporate, residential and commercial-mortgage bonds and derivatives..."

Posted by J.M. Hamilton Blog at 5/24/2011 7:31 PM | Add Comment

"HORROR STORY" --- “I think we are not really seeing the culmination of the crisis, we’re seeing probably the transition point where the crisis is becoming more globally significant.”

Posted by J.M. Hamilton Blog at 5/24/2011 7:28 PM | Add Comment

“But from an intellectual-returns perspective, it’s already paying off. This was never really about XTO’s gas fields as much as it was about getting hold of their technology and their people.”

Posted by J.M. Hamilton Blog at 5/24/2011 7:24 PM | Add Comment

"Tepco shares closed little changed today at 333 yen in Tokyo. The stock has slumped about 85 percent since the quake and tsunami struck."

Posted by J.M. Hamilton Blog at 5/24/2011 7:21 PM | Add Comment

“We are pleased that Carlyle continues to earn the confidence of its investors even during the most turbulent times,” Carlyle’s founders said in the annual report.

Posted by J.M. Hamilton Blog at 5/24/2011 7:20 PM

"It is clear that the bailout package and the austerity terms imposed on Greece have deepened its recession and added to its already substantial debt burden."

Posted by J.M. Hamilton Blog at 5/24/2011 5:52 AM | Add Comment

“I want to see the business model that they have flourish,” Ms. Warren said. “I want to see it succeed big time.”

Posted by J.M. Hamilton Blog at 5/24/2011 5:49 AM | Add Comment

“Elizabeth Warren is 100 percent focused on building the new consumer agency.”

Posted by J.M. Hamilton Blog at 5/24/2011 5:46 AM | Add Comment

"The ban is rooted more primarily in religious fatwas, nonbinding decrees by clerics."

Posted by J.M. Hamilton Blog at 5/24/2011 5:45 AM

"Mr. Saleh has resisted intense international pressure to step down, and Secretary of State Hillary Rodham Clinton issued a stinging rebuke late Sunday..."

Posted by J.M. Hamilton Blog at 5/24/2011 5:43 AM | Add Comment

"A spokeswoman for Marathon declined to comment on the sale."

Posted by J.M. Hamilton Blog at 5/23/2011 10:05 PM | Add Comment

"On a related note, Hon Hai (Foxconn), the world's largest contract electronics maker, today said all of its workshops that handle polishing for electronic parts and products in China are closed for inspection, following a fatal blast last week."

Posted by J.M. Hamilton Blog at 5/23/2011 10:03 PM | Add Comment

“It’s astonishing how this survey demonstrates that IT departments have easier access to sensitive information than CEOs,” said Jeff Hudson, CEO of Venafi.

Posted by J.M. Hamilton Blog at 5/23/2011 10:00 PM | Add Comment

Jim Owens, former Caterpillar Inc. (CAT) chairman and CEO: “The United States government should be in the business of stimulating economic growth and making sure our economy is competitive in the world market."

Posted by J.M. Hamilton Blog at 5/23/2011 7:23 PM | Add Comment

Senator Carl Levin of Michigan, the subcommittee’s Democratic chairman, has said he believes the witnesses from Goldman were misleading in their testimony.

Posted by J.M. Hamilton Blog at 5/23/2011 7:16 PM | Add Comment

“It simply goes back to the current industry mindset that the recent run-up in prices has done a great deal to strangle domestic demand,” Vaught said.

Posted by J.M. Hamilton Blog at 5/23/2011 7:06 PM

"Luxembourg’s Jean-Claude Juncker, who leads the group of euro-area finance ministers, endorsed an independent privatization agency to help sell off some of the Greek government’s assets..."

Posted by J.M. Hamilton Blog at 5/23/2011 6:33 AM | Add Comment

“Housing prices are falling, and they are going to fall some more.”

Posted by J.M. Hamilton Blog at 5/23/2011 6:26 AM | Add Comment

Facing tough financial and budget choices, there will be calls “to sharply reduce our international commitments and the size and capabilities of our military,” Mr. Gates acknowledged.

Posted by J.M. Hamilton Blog at 5/23/2011 6:25 AM

"The protesters — who have led the popular uprising in Yemen and have unexpectedly turned into a political force — fiercely oppose immunity for Mr. Saleh and his family members."

Posted by J.M. Hamilton Blog at 5/23/2011 6:17 AM | Add Comment

“I’ve been very clear about this,” Mr. Ryan said on “Meet the Press” on NBC. “I’m not running for president.”

Posted by J.M. Hamilton Blog at 5/23/2011 6:13 AM | Add Comment

"But taking account of geological factors – such as oil quality, oil-field depth, and other indicators of the costs of extraction – the negative effect of oil on democracy almost doubles."

Posted by J.M. Hamilton Blog at 5/22/2011 7:12 AM | Add Comment

"The affected plant makes Apple’s iPad2 tablet computers, the Economic Observer said on its website yesterday, citing unidentified company workers."

Posted by J.M. Hamilton Blog at 5/22/2011 7:04 AM | Add Comment

“On the basis of merit, I believe Christine is the outstanding candidate for the IMF, and that’s why Britain will back her.”

Posted by J.M. Hamilton Blog at 5/22/2011 7:02 AM | Add Comment

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