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22 Jun 2010 10:51

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U.S.: Illegal immigrants should avoid Arizona, random Nebraska town

  • what Fremont, Nebraska residents voted to block illegal immigrants from renting property or getting jobs.
  • why Because they felt that federal immigration laws had not gone far enough to regulate it. source
Posted by Ernie Smith • 0 Comments • Permalink

21 Jun 2010 20:51

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Biz: Financial reform bill: Debit card fee hataz have a reason to be happy

  • Remember the financial bill? Oh yeah, that thing. One of the many feathers in Obama’s cap. Well, the bill, which has already passed the Senate, needed some changes to pass muster with the house. The biggest one for consumers and small businesses? The insanely high fees on debit card transactions, which were responsible for big profits for card companies at the cost of small businesses. Well – great news! – after a little work, the House finally struck a tentative deal on this issue. There are lots of other things to still hash out, though, including the biggie for investors (and people who don’t want to see their financial system fall apart) – regulating derivatives. source
Posted by Ernie Smith • 0 Comments • Permalink

12 Jun 2010 13:13

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Biz, U.S.: U.S. to BP: Please come up with a plan or we’ll kick your ass

  • 48 hours or the Gulf of Mexico gets it (oh wait, too late) source
Posted by Ernie Smith • 0 Comments • Permalink

23 May 2010 20:34

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U.S.: Not the “Lost” series finale: Everyone points fingers in oil spill

  • It is clear the resources needed to protect our coast are still not here: boom, skimmers, vacuums, jack-up barges are all in short supply. Oil sits and waits for clean-up and every day that it waits for clean-up more and more marsh dies.
  • Louisiana Gov. Bobby Jindal • Criticizing both BP and the government for their massive fail in fixing up the oil spill. The feds are also unhappy with BP and want to take them off the case. Remember that tube the oil company put in to siphon off the leak? Well, it’s only pulling 1,360 barrels a day, way down from 5,000 just a few days ago. In other news, Rand Paul hasn’t said anything stupid today. source
Posted by Ernie Smith • 0 Comments • Permalink

19 May 2010 23:49

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U.S.: Louisiana’s wetlands drenched in oil, regulatory failure

Gov. Bobby Jindal on the oil: “We’ve got to stop this cancer from spreading [and] we’d much rather fight it on these coastal barrier islands than inland.” Well-put. source
Posted by Ernie Smith • 0 Comments • Permalink

18 May 2010 21:09

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Biz: The SEC wants to prevent another “flash crash”; here’s how

  • 10% the amount a stock can go down in a five-minute period before a circuit breaker goes off and pauses a stock
  • five the number of minutes that stock is halted; the “flash crash” was caused by inconsistent standards source
Posted by Ernie Smith • 0 Comments • Permalink

07 May 2010 11:08

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Biz: “Flash Crash”: Senators set sights on automated trading

  • A computer glitch caused yesterday’s crash. High-speed algorithmic trading, which accounts for nearly 60 percent of all trading volume, is already under scrutiny by regulators due to the financial crisis. Now, thanks to yesterday’s buttcrack, some Senators are suggesting an investigation. Many are concerned that the automated system can fall out of the control of regulators, causing cluster#(&@s such as the one we saw yesterday. With good reason. source
Posted by Ernie Smith • 0 Comments • Permalink
 

26 Apr 2010 21:16

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Biz, U.S.: Our latest AOL News article tackles the SEC’s strange porn habit

  • Did some SEC employees have too much time on their hands? Last week, a lot of the buzz on the ‘net was around revelations that SEC staffers were caught looking at porn. But it’s not as bad as it looks. According to a study we found, 28 percent of people at your average cubicle farm (like this one) look at porn at work (we know, right?!). An internal investigation by the Securities and Exchange Commission nailed around one percent of their employees. And we think we know why they were so bored. Read our latest AOL News article for some insight. source
Posted by Ernie Smith • 0 Comments • Permalink

22 Apr 2010 11:22

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Biz: Lehman Brothers hearing: Who is this bad@$$ at the podium?

  • William Black here just got his teeth out and threw some knowledge out on the SEC, Lehman Brothers, and the financial system in general. He calls the problems that caused Lehman’s decline a “self-fulfilling policy of regulatory failure.” Why isn’t this guy like, running an agency? This is seriously a star turn here. source
Posted by Ernie Smith • 0 Comments • Permalink

18 Apr 2010 11:17

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Biz: Banks still full of failure nearly five months into 2010

  • eight banks were seized on Friday, bringing the total up to 51 this year
  • 9% of all U.S. banks are listed by the FDIC as “troubled banks” source
Posted by Ernie Smith • 0 Comments • Permalink
 
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