• Bernanke Signals ‘Extended’ Low-Rate Period May Become Longer – In other words, we’re going to start blowing bubbles. Don’t worry, it’s fun! [Bloomberg]
• America’s Newest Land Baron: FDIC – Anyone looking for “a failed condo development on a noisy freeway ramp next to a Motel 6, a Waffle House and a Do-It-Yourself Pest Control.” Sheila Bair is selling. [WSJ]
• Volcker Criticizes Accounting Proposal – Criticism like the idea for the Treasury Department, FDIC, and the Fed to oversee accounting rules is ‘terrible’. [NYT]
• Playboy CFO Resigining – Linda Havard is ‘looking forward to new challenges’ after a dozen years on the job. Tracking Viagra expenses for the founder just doesn’t float her boat anymore. [CT]
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Preliminary Analytics | 09.16.09
• Bankers Should Repent, Archbishop of Canturbury Says – And since the bankers and others are blaming the accountants, you all should get with the penance as well [AP via NYT]
• Buffett Says the U.S. Economy Has ‘Hit a Plateau at Bottom’ – This bodes well the Beard’s calling of the match yesterday. [Bloomberg]
• Pimco’s Gross Boosts Government Debt to 5-Year High – Take note, USD haters. [Bloomberg]
• James S. McDonald, C.E.O. of Rockefeller & Co., Dies at 56 – Illuminati theories can commence now. [NYT]
• Facebook Says Its Finances Are Looking Up – 300 million members and free cash flow positive, so you must be on there providing witless comments about how you hate our jobs. Join the GC group. [Bits]
Preliminary Analytics | 11.18.09
• Goldman, Buffett Team to Aid Small Businesses – WB says some small business need some help with certain things, ‘Sometimes people lack basic business skills, like accounting.’ Accounting and folksy sexual innuendos? He’s already got it figured out. Take note people. [WSJ]
• How to Wreck Your Company’s Valuation – Step 1: Hire an auditor of questionable ethics. [CFO]
• Lions Ex-Stadium, Once Super Bowl Host, Sells for $7.25 a Seat – Or $583,000. [Bloomberg]
• Chance of Great Depression Now 5%… – 20 to 1? Takers? [Brad DeLong]
Preliminary Analytics | 08.21.09
• Switzerland’s Profit on UBS: $1.13 Billion – “On Thursday, Switzerland converted a note that gave it a 9.3% UBS stake and immediately sold the 332.2 million shares at 16.50 francs each, a 1.4% discount to the stock’s closing price Wednesday. The government said it earned an annualized return of 30% on the 10-month investment.” No doubt they went and bought… [WSJ]
• Madoff Yacht Up for Sale – Ninety footer named Leopard Bull. Sounds like Bern might have been describing his favorite undies combined with a self assigned nickname for a certain less than spectacular organ. [DealBook]
• Sale of Chicago Cubs to Ricketts family called ‘imminent’ – Yay, nay, or meh Cubs fans? [Chicago Tribune]
• #98 Sharon Allen – Forbes most powerful women list includes the Deloitte Chair. [Forbes]