• Why Paper Receipts Won’t Die – Tax return preparers wouldn’t have any shoeboxes jammed with them dropped off on their desks anymore. It’s sad to imagine that. [Idea of the Day/NYT]
• FDIC’s 20% Shorter ‘Merit’ Reviews Preceded Banking Failures – “At least three U.S. banks failed in the past year after the Federal Deposit Insurance Corp. deemed them healthy enough to qualify for a program that reduced the time examiners spent on reviews by at least 20 percent.” [Bloomberg]
• Deal to Buy Sun Meets Opposition From EU Although, those pesky Europeans are a little more curious about Oracle dominating the database universe, it won’t necessarily put the kibosh on the deal. In other news, Larry Ellison likes boats. [WSJ]
• Bear Trial Jurors Ask for Evidence and Day Off – Doing your civic duty includes observing federal holidays. [DealBook]
• Madoff’s Crap Sold Off in “Garage Sale” Victims Benefit – Including a Mets jacket and post-it notes. [JDA]
Related Posts
Preliminary Analytics | 12.24.09
• Bear Stearns Staff Parties On as Surviving Banks Scrap Soirees – That’s the spirit! You can still party even though you didn’t get bonuses! [Bloomberg]
• Senate Passes Sweeping Health-Care Bill – Santa? [WSJ]
• Grant Thornton LLP elects one new member to partnership board [Press Release]
• Dimon, Blankfein, Mack Among First to Testify at Crisis Panel – Set your DVRs now! [Bloomberg]
• The Impact of the Tiger Woods Scandal on His Charities [TaxProf Blog]
• Buffett’s back – A non-Tiger Woods story from the Post. [NYP]
• The Newlywed Game, Year-end Tax Planning Edition! – “Love is a many-splendored thing, but love is even better when it saves taxes. Your marital status at year-end is your filing status for the entire year, so maybe you want to run down to the courthouse and tie the knot before the ball drops before midnight January 1, local time. Sure, call me a hopeless romantic. The Tax Update just rolls that way.” [Tax Update Blog]
• Disliking Your In-Laws – Annnnnd this is where the tax planning will get you. [Motherlode/NYT]
Preliminary Analytics | 01.18.10
• Defending Koss And Their Auditors: Just Loopy Distorted Feedback – Francine’s take on the Koss fraud. [Re: The Auditors]
• Koss Corp. Fraud: Defending Grant Thornton? No. &ndsah; Tracey Coenen says Koss’ incestuous management deserves the blame regardless of GT’s obvious BFMs. [Fraud Files Blog]
• Creditors put Dubai World debt up for sale – Some aren’t crazy about the whole Dubai World debt restructuring and are looking to dump the credit for “70 per cent of face value.” [FT]
• Now and in the Future – Are people changing their maxed out credit card ways for good? [Financial Armageddon]
• Wired on Wall Street: Trader Betrays a Friend – David Slaine is a mole for the Feds that “has provided leads on possible insider trading by others not yet implicated in a sprawling case involving hedge fund Galleon Group, people familiar with the matter say.” And he’ll definitely nail you if you don’t like to share: “In 1993, he triggered a fist-fight with a colleague on the trading floor after needling him because he wouldn’t share his french fries.” [WSJ]
• Martin Luther King, Jr. Day – We assume most of you are working but If you’re not, go volunteer. It won’t kill you. [MLKDay.gov]
Preliminary Analytics | 10.12.09
• Stanford wins ruling in battle over fraud case defence – Court ruled that Stan can use proceeds from a corporate insurance policy to pay for his defense. Can we get on with the circus trial now, please? [FT]
• A Case Pitting Spin Against Fraud – “How far can Wall Street firms go to put a positive spin on bad news?” Used car salesmen should probably pay attention. [WSJ]
• BofA urged to seek external chief executive – Big institutional investors want fresh blood and not the next KL. [FT]
• Citi fined amid tax crackdown – $600k for derivatives that were partly designed to avoid taxes is supposedly going to scare other banks into compliance. [FT]
• Iceland Shrinks 8% as Prices Increase 11% in Deepest Recession – “The stock market has lost 97 percent of its value, and more than 780 companies have buckled under the weight of foreign currency loans as the krona plunged.” So, that’s not good. [Bloomberg]
• Improving your credit vs paying down debt – Americans can’t win. [Felix Salmon/Reuters]