Cut Business Expenses

Federal regulators and four states, including Mississippi, want brokerage firm Morgan Keegan & Co. to repay investors for alleged fraudulent and reckless business practices they say cost customers more than $2 billion.

Former Treasury Department auto task force chief Steve Rattner took off the gloves in his assessment of fired General Motors Chairman and CEO Rick Wagoner. In a speech at the National Press Club on Oct. 21 and in his own written account of the auto bailout, he said simply that Wagoner had to go. While that seems obvious given the company’s state when it first approached the feds about a loan about a year ago—not to mention its eventual descent into bankruptcy—in the Motor City Wagoner’s firing i

We frequently are told by politicians that the only solution to our budget deficits at the Federal, state and local levels is to raise taxes. I might buy this argument if those same politicians had made efforts to cut government spending that is not needed or is wasteful. Unfortunately, those types of efforts get short shrift except when it is time to campaign. From the Foundry blog, here are 10 examples of eggregious government waste: 50 Examples of Government Waste . (Foundry, October 6

With Homeland Security watching the tunnels and bridges like a hawk, terrorists couldn’t plant firecrackers, let alone bombs in the tunnels or on the bridges. Anything that looked suspicious was removed or destroyed by the police or the feds. The only places Homeland Security wasn’t looking at carefully were under the water of the Hudson. Since New York was becoming a destination for more interdimensionals all the time, the possibility of people with evil intentions shifting to this dimens

The Daily Reckoning These are the times that try our souls… ..well, maybe not our souls…but at least our convictions. But look at gold this morning! Yesterday, we got word that the PPI rose 1.7% in August. Let’s see, if producer prices are rising…consumer prices follow, right? Well…usually… ..but these are strange times… We also got word that retail sales were up…that’s UP…2.7% last month – the biggest increase in three years. Now hold on. We’ve been saying that retail sales were