BLOG.JMHAMILTONPUBLISHING.COM: Monthly Archives for October 2011

Silvio Berlusconi agreed to pay reparations of five billion dollars for the harm his country had inflicted on Libya; in a meeting of the Arab League in Surt, he kissed Qaddafi’s hands.

Posted by J.M. Hamilton Blog at 10/31/2011 6:14 PM | Add Comment

"This is a reminder of the wisdom of the Volcker Rule."

Posted by J.M. Hamilton Blog at 10/31/2011 6:10 PM | Add Comment

Reverend Knowles added that he was stepping down to allow new leadership to find a solution between authorities and the protesters.

Posted by J.M. Hamilton Blog at 10/31/2011 6:08 PM | Add Comment

Public opinion is beginning to realize that there are hard truths behind the Occupiers’ “99 per cent.”

Posted by J.M. Hamilton Blog at 10/31/2011 6:06 PM | Add Comment

“We’re charging batteries.”

Posted by J.M. Hamilton Blog at 10/31/2011 6:04 PM | Add Comment

“Herman is going to stay Herman. Thank you very much."

Posted by J.M. Hamilton Blog at 10/31/2011 6:02 PM | Add Comment

And that’s not to mention the fact that airlines are now flying fuller planes.

Posted by J.M. Hamilton Blog at 10/31/2011 6:00 PM | Add Comment

“Until you break this link of who pays for the ratings and who benefits from those ratings, then we’re going to continue to have a very fundamental problem in our ratings system.”

Posted by J.M. Hamilton Blog at 10/31/2011 5:59 PM | Add Comment

People close to several bidders believe the bank is prepared to keep EMI if it unhappy with the offers

Posted by J.M. Hamilton Blog at 10/31/2011 5:56 PM | Add Comment

“Let us allow the people to have the last word, let them decide on the country’s fate.”

Posted by J.M. Hamilton Blog at 10/31/2011 5:52 PM | Add Comment

“I have repeatedly said that we would take decisive steps against speculative moves in the market,” Mr. Azumi said. But the market “has unfortunately not reflected our economic fundamentals at all.”

Posted by J.M. Hamilton Blog at 10/31/2011 5:48 PM | Add Comment

The power shift means that a clause in Mr Isenberg's employment contract will give him $100 million.

Posted by J.M. Hamilton Blog at 10/31/2011 5:46 PM | Add Comment

“Only I and my government can achieve this reform program for 18 months, which is why there is no way for me to stand aside,” the Italian leader told the newspaper.

Posted by J.M. Hamilton Blog at 10/31/2011 5:38 AM | Add Comment

“With the European Central Bank press conference and the Group of 20 at the latter part of this week, traders may prefer to sit on the sidelines until then.”

Posted by J.M. Hamilton Blog at 10/31/2011 5:36 AM | Add Comment

First things first: Military spending does create jobs when the economy is depressed. Indeed, much of the evidence that Keynesian economics works comes from tracking the effects of past military buildups.

Posted by J.M. Hamilton Blog at 10/31/2011 5:35 AM | Add Comment

Long-term rates reflect expectations about the future path of short-term rates, so the Fed wants to convince investors that it will continue to hold short-term rates near zero.

Posted by J.M. Hamilton Blog at 10/31/2011 5:32 AM | Add Comment

Mitt Romney has not endorsed a flat tax, and in 1996, when Steve Forbes, then a presidential candidate, floated one, Mr. Romney derided it — justifiably — as a “tax cut for fat cats.”

Posted by J.M. Hamilton Blog at 10/31/2011 5:30 AM | Add Comment

“I feel we have a moral responsibility in a democratic society to pay our fair share — to pay higher taxes so we don’t have to cut education and health care and Social Security.”

Posted by J.M. Hamilton Blog at 10/31/2011 5:28 AM | Add Comment

“That is their judgment, and I think it is right to have an independent central bank making that judgment, rather than leaving it to politicians as we did in the past.”

Posted by J.M. Hamilton Blog at 10/31/2011 5:26 AM | Add Comment

In the lab, with tetracycline provided, the mosquitoes can be bred for generations and multiplied. Males are then released into the wild, where tetracycline is not available.

Posted by J.M. Hamilton Blog at 10/31/2011 5:25 AM | Add Comment

"It instructs the F.D.A. ....provide more information to the Justice Department about possible instances of collusion or price gouging."

Posted by J.M. Hamilton Blog at 10/31/2011 5:24 AM | Add Comment

But yield spreads on Italian and Spanish government debt resumed widening after the EU debt deal

Posted by J.M. Hamilton Blog at 10/30/2011 5:49 AM | Add Comment

"Why are there 61 members on the House Committee on Financial Services? So many congressmen want to be in a position to sell votes to Wall Street."

Posted by J.M. Hamilton Blog at 10/30/2011 5:47 AM | Add Comment

Today, nearly three-quarters of India’s gross domestic product comes from cities, where less than a third of India’s population lives, an imbalance that correlates with the divide between middle-class economic and political power.

Posted by J.M. Hamilton Blog at 10/30/2011 5:45 AM | Add Comment

"MR. DRAGHI’S Goldman connection has been the one mark on an otherwise spotless résumé and a cause for continued suspicion from some in Europe."

Posted by J.M. Hamilton Blog at 10/30/2011 5:42 AM | Add Comment

To strengthen its controls, the Communist Party on Saturday appointed Shang Fulin, 60, as the new chairman of the powerful China Banking Regulatory Commission, according to the state-run Xinhua news agency.

Posted by J.M. Hamilton Blog at 10/30/2011 5:38 AM | Add Comment

“The enemies of Afghanistan carried out a dastardly and cowardly attack that caused sorrow for some Afghan families.”

Posted by J.M. Hamilton Blog at 10/30/2011 5:36 AM | Add Comment

The size of the standby American combat force to be based in Kuwait remains the subject of negotiations, with an answer expected in coming days.

Posted by J.M. Hamilton Blog at 10/30/2011 5:33 AM | Add Comment

the United States needs to be weaning itself from its reliance on nuclear weapons.

Posted by J.M. Hamilton Blog at 10/30/2011 5:30 AM | Add Comment

Luck, good and bad, happens to everyone, whether we like it or not.

Posted by J.M. Hamilton Blog at 10/30/2011 5:27 AM | Add Comment

The headsets will go on sale in the United States next month for $799

Posted by J.M. Hamilton Blog at 10/30/2011 5:25 AM | Add Comment

He gathered 9,000 signatures to get the issue on the ballot. (So far the city has not agreed to it.) “ Why are we still wasting money on that?” asked Mr. Berke

Posted by J.M. Hamilton Blog at 10/30/2011 5:21 AM | Add Comment

Underwhelming

Posted by J.M. Hamilton Blog at 10/29/2011 8:46 AM | Add Comment

My advice: "Remember Andrey Hicks."

Posted by J.M. Hamilton Blog at 10/29/2011 8:44 AM | Add Comment

major stock and derivatives exchange leaders privately expressed concern about the inability of regulators to address the global financial crisis' fallout. Of course, they mostly excused themselves from responsibility.

Posted by J.M. Hamilton Blog at 10/29/2011 8:42 AM | Add Comment

“This is a bit of a surprise,” said Jack Dongarra, a computer scientist at the University of Tennessee and a leader of the Top500 project, a list of the world’s fastest computers.

Posted by J.M. Hamilton Blog at 10/29/2011 8:40 AM | Add Comment

“Does that candidate understand what I’m going through right now? What my family is going through? Do they know what it’s like to lose your home, to lose your job?”

Posted by J.M. Hamilton Blog at 10/29/2011 8:39 AM | Add Comment

“I want to make sure that none of these destination gaming resorts end up being a black hole that ends up sucking the life of the whole neighborhood,” said Mayor Carlos A. Giménez of Miami-Dade County.

Posted by J.M. Hamilton Blog at 10/29/2011 8:38 AM | Add Comment

It may not be in the Republicans’ best interests to have a sober national debate about this issue, which may well be why the G.O.P. contenders are sticking to red-meat throwaway lines.

Posted by J.M. Hamilton Blog at 10/29/2011 8:36 AM | Add Comment

"Poor policies and poor choices have led to exceedingly poor outcomes. Our societal chickens have come home to roost."

Posted by J.M. Hamilton Blog at 10/29/2011 8:35 AM | Add Comment

“There is a gold rush of sorts taking place right now,” said David Hamod, president and chief executive officer of the National U.S.-Arab Chamber of Commerce

Posted by J.M. Hamilton Blog at 10/29/2011 8:34 AM | Add Comment

“We negotiated and managed to erase a very important part of our debt. Tens of billions of euros have been lifted from the backs of the Greek people.”

Posted by J.M. Hamilton Blog at 10/29/2011 8:23 AM | Add Comment

The raiders seized 6,000 fingerboards made of rosewood from India, the company says.

Posted by J.M. Hamilton Blog at 10/29/2011 8:21 AM | Add Comment

This is exactly why the Glass-Steagall Act needs to be reinstated:...the FDIC is now being turned into a vehicle for socializing speculative losses.

Posted by J.M. Hamilton Blog at 10/28/2011 6:30 PM | Add Comment

But the euphoria over the plan may be short-lived, writes Grant.

Posted by J.M. Hamilton Blog at 10/28/2011 6:26 PM | Add Comment

experts say the concessions that Greece has made in exchange for the foreign aid it needs to stave off default — including allowing European Union officials to monitor Greek state affairs closely — are unprecedented for an member nation

Posted by J.M. Hamilton Blog at 10/28/2011 6:24 PM | Add Comment

“No one is authorized to ridicule Italy,” Pier Ferdinando Casini said. “I didn’t like Sarkozy’s sarcastic smile."

Posted by J.M. Hamilton Blog at 10/28/2011 6:21 PM | Add Comment

“There is not enough detail around what is going on in Europe and until you get more clarification, you will probably get some days where you will see swings like this.”

Posted by J.M. Hamilton Blog at 10/28/2011 6:19 PM | Add Comment

In backing out of the deal, Cerberus and Chatham said downgrades in the lodging sector, weakening hotel asset sales, and major drops in the shares of competing hotel operators contributed to the decision.

Posted by J.M. Hamilton Blog at 10/28/2011 6:16 PM | Add Comment

Goldman’s board has been a subject of hot debate in recent days

Posted by J.M. Hamilton Blog at 10/28/2011 6:14 PM | Add Comment

Where everyone else bailed out the bankers and made the public pay the price, Iceland let the banks go bust and actually expanded its social safety net.

Posted by J.M. Hamilton Blog at 10/28/2011 6:44 AM | Add Comment

Concern that banks will have to write down their holdings of peripheral sovereign debt has sent bank stocks down 24 percent this year, according to the Bloomberg Europe Banks and Financial Services Index.

Posted by J.M. Hamilton Blog at 10/28/2011 6:43 AM | Add Comment

The riots and the petrol bombs seen in Athens could then become more prevalent across the Continent and make the Occupy Wall Street crowd look like happy campers.

Posted by J.M. Hamilton Blog at 10/28/2011 6:42 AM | Add Comment

To build domestic support, Mrs. Merkel had to face down her own right wing

Posted by J.M. Hamilton Blog at 10/28/2011 6:39 AM | Add Comment

Later on Thursday, he explained to reporters that the bankers, too, were frightened of setting off a credit event, activating credit default swaps

Posted by J.M. Hamilton Blog at 10/28/2011 6:38 AM | Add Comment

Finally, even if all the components fall into place for Greece, looming on the horizon is the debt burden of other countries, including Ireland, Portugal, Spain and especially Italy

Posted by J.M. Hamilton Blog at 10/28/2011 6:37 AM | Add Comment

Nor is it clear where the new capital will come from. Private markets are understandably wary.

Posted by J.M. Hamilton Blog at 10/28/2011 6:35 AM | Add Comment

Mr. Berlusconi warned Thursday that Italy’s credibility was on the line if the government failed to maintain its commitments

Posted by J.M. Hamilton Blog at 10/28/2011 6:34 AM | Add Comment

“These debates are set up for nothing more than to tear down the candidates,” Mr. Perry told Bill O’Reilly

Posted by J.M. Hamilton Blog at 10/28/2011 6:33 AM | Add Comment

Since the skirmish, which resulted in more than 100 arrests, several liberal groups — including Amnesty International — have condemned the use of tear gas as well as the actions of Mayor Jean Quan of Oakland

Posted by J.M. Hamilton Blog at 10/28/2011 6:32 AM | Add Comment

But civil rights have barely made a dent in today’s most severe and persistent social injustices

Posted by J.M. Hamilton Blog at 10/28/2011 6:31 AM | Add Comment

Both government-sponsored enterprises, Fannie Mae and Freddie Mac, combined with the Federal Housing Administration support about 90 percent of all mortgages.

Posted by J.M. Hamilton Blog at 10/27/2011 7:43 PM | Add Comment

The size of the bank recapitalization is at the low end of expectations, raising questions whether it is big enough. French banks will need to raise about €9 billion and German banks about €5 billion.

Posted by J.M. Hamilton Blog at 10/27/2011 7:41 PM | Add Comment

These co-called Basel 2.5 rules increase the capital banks must hold against assets on their trading books and against complex securitizations compared with current standards.

Posted by J.M. Hamilton Blog at 10/27/2011 7:38 PM | Add Comment

The main bailout fund, the European Financial Stability Facility, relies on the sterling credit of Germany and France for its borrowing power.

Posted by J.M. Hamilton Blog at 10/27/2011 7:36 PM | Add Comment

As Graeber explains it, it’s all part of a larger story: Throughout history, debt has served as a way for states to control their subjects and extract resources from them (usually to finance wars)

Posted by J.M. Hamilton Blog at 10/27/2011 7:32 PM | Add Comment

The lawsuit describes Wal-Mart’s California region as being governed by a “good old boy philosophy”

Posted by J.M. Hamilton Blog at 10/27/2011 7:29 PM | Add Comment

“We continue pursuing new opportunities to meet growing energy demand while supporting economic growth, including job creation,” Rex. W. Tillerson, Exxon Mobil’s chairman, said in a statement.

Posted by J.M. Hamilton Blog at 10/27/2011 7:28 PM | Add Comment

“Goldman could benefit from MF Global’s plight.”

Posted by J.M. Hamilton Blog at 10/27/2011 7:25 PM | Add Comment

Though he is one of 40 federal judges in Manhattan, Judge Rakoff has been ubiquitous of late.

Posted by J.M. Hamilton Blog at 10/27/2011 6:59 PM | Add Comment

Finra, a private nonprofit organization that monitors brokerage firms, agreed to hire an outside consultant to review its procedures for handling internal documents.

Posted by J.M. Hamilton Blog at 10/27/2011 6:58 PM | Add Comment

“They’re leaving in droves,” said Chamath Palihapitiya, a venture capitalist. “I’m seeing a ton of start-ups from current Yahoo employees looking to leave and Yahoo employees who have recently left.”

Posted by J.M. Hamilton Blog at 10/27/2011 6:55 PM | Add Comment

According to a filing submitted on Wednesday, Google announced it had spent $1.4 billion in the first nine months of 2011 on acquisitions.

Posted by J.M. Hamilton Blog at 10/27/2011 6:53 PM | Add Comment

The private Fed conversation happened amid a flurry of critical comments from Chief Executive Officer James Dimon about new constraints being placed on U.S. banks.

Posted by J.M. Hamilton Blog at 10/27/2011 6:49 PM | Add Comment

AIG, which is 77% owned by the U.S. government, is trying to find ways to improve its share price in order to completely exit from federal ownership over time

Posted by J.M. Hamilton Blog at 10/27/2011 6:46 PM | Add Comment

Banks’ resistance was broken by a threat “to move toward a scenario of total insolvency of Greece, which would have cost states a lot of money and which would have ruined the banks.”

Posted by J.M. Hamilton Blog at 10/27/2011 5:18 AM | Add Comment

Often the attacks are found to have come from Chinese Internet-protocol, or IP, addresses.

Posted by J.M. Hamilton Blog at 10/27/2011 5:12 AM | Add Comment

Mrs. Merkel was willing to think about imposing an involuntary write-down on the private sector, but Mr. Sarkozy remained worried about the consequences on the markets and the banking system.

Posted by J.M. Hamilton Blog at 10/27/2011 5:11 AM | Add Comment

“These factors mean that high inequality can generate further high inequality and eventually poor economic growth,” Professor Katz said.

Posted by J.M. Hamilton Blog at 10/27/2011 5:09 AM | Add Comment

“The occupiers were very organized and very committed,” she said. “But there’s other people who are just opportunists.”

Posted by J.M. Hamilton Blog at 10/27/2011 5:07 AM | Add Comment

The crackdown also follows popular uprisings across the Middle East that appear to have given China’s leaders pause regarding their own hold on absolute power.

Posted by J.M. Hamilton Blog at 10/27/2011 5:00 AM | Add Comment

Mr. Kikukawa said that he regretted “causing concern” to shareholders, but insisted that there was “no corruption” involved in the acquisitions that Mr. Woodford had questioned.

Posted by J.M. Hamilton Blog at 10/27/2011 4:58 AM | Add Comment

Sprint Nextel reported on Wednesday its smallest quarterly loss in four years as it continued a turnaround and improved at keeping and attracting customers.

Posted by J.M. Hamilton Blog at 10/27/2011 4:57 AM | Add Comment

“I’m sorry if I created any confusion in that regard,” Mr. Romney

Posted by J.M. Hamilton Blog at 10/27/2011 4:55 AM | Add Comment

"Some argue that this inequality was an unavoidable result of deeper shifts: global competition, cheap goods made in China, technological changes."

Posted by J.M. Hamilton Blog at 10/26/2011 7:19 PM | Add Comment

To the bank’s critics, he said, “You ought to think a little about that before you start yelling at us.”

Posted by J.M. Hamilton Blog at 10/26/2011 7:14 PM | Add Comment

No one else has Warren’s gift to send the right into a sputtering frenzy.

Posted by J.M. Hamilton Blog at 10/26/2011 7:12 PM | Add Comment

Prosecutors said Gupta tipped Rajaratnam, who sold Galleon’s position in Goldman Sachs, warding off millions of dollars in losses.

Posted by J.M. Hamilton Blog at 10/26/2011 7:11 PM | Add Comment

China may be willing to respond to a European request to help them fund a package to solve the euro region’s debt crisis...

Posted by J.M. Hamilton Blog at 10/26/2011 7:09 PM | Add Comment

The approval is for one well off the Louisiana coast in the Kaskida field, at a depth of about 6,000 feet.

Posted by J.M. Hamilton Blog at 10/26/2011 7:07 PM | Add Comment

“We’re not expecting a doomsday outcome for the miners and especially the bigger companies, which are the potential acquirers.”

Posted by J.M. Hamilton Blog at 10/26/2011 7:06 PM | Add Comment

On Wednesday, the S.E.C. filed a civil complaint against Mr. Gupta and Mr. Rajaratnam, alleging an “extensive insider trading scheme.”

Posted by J.M. Hamilton Blog at 10/26/2011 7:04 PM | Add Comment

UBS, reeling from a rogue trading scandal, may be pushed to spin off its investment bank.

Posted by J.M. Hamilton Blog at 10/26/2011 7:01 PM | Add Comment

Managers of funds with more than $1.5 billion in assets will be required to disclose aggregated information on how much the fund has invested in various asset classes...

Posted by J.M. Hamilton Blog at 10/26/2011 6:57 PM | Add Comment

In bull markets, shortfalls are forgiven; in bear markets, they're punished severely.

Posted by J.M. Hamilton Blog at 10/26/2011 6:51 PM | Add Comment

“There’s still money in the system. It’s just a choice the banks make as to where they place that money.”

Posted by J.M. Hamilton Blog at 10/26/2011 6:04 AM | Add Comment

“We’re all in new territory,” Merkel said yesterday.

Posted by J.M. Hamilton Blog at 10/26/2011 6:02 AM | Add Comment

BULLS ON PARADE!

Posted by J.M. Hamilton Blog at 10/26/2011 5:59 AM | Add Comment

Not only do 89 percent of Americans say they distrust government to do the right thing, but 74 percent say the country is on the wrong track and 84 percent disapprove of Congress

Posted by J.M. Hamilton Blog at 10/26/2011 5:58 AM | Add Comment

"He demanded laser-like focus from employees to create an A.D.D. world."

Posted by J.M. Hamilton Blog at 10/26/2011 5:57 AM | Add Comment

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