Is Oracle warning of another tech slow-down? [Fortune]
Elite hedge fund managers’ top global stock picks. [Forbes]
The House GOP agrees to a 2-month extension of the payroll tax cut. [Washington Post]
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But before Democrats salivate too much, the trend in 2011 was that every time Congress descended into bickering, Barack Obama suffered collateral damage. For independents, congressional dysfunction underscored Obama’s failure to alter the gridlock in Washington. The saving grace for both sides: in a week where the country is finishing its Christmas shopping or making travel plans, it’s a tree falling too far in the forest to make much of a sound. (Cross-posted, with permission of the author, from Politico’s Arena)
Former U.S. Senator and MF Global CEO Jon Corzine is served with papers outside of the congressional hearing he was called to testify in.[Forbes] Is the delay of the Blackberry 10 the “death knell” of Research In Motion? [CNBC] Starbucks CEO Howard Schultz takes a turn at political activism. [Fortune] A man in Florida certainly gets points for trying, after he willed his home to the federal government to pay down the National Debt. James H. Davidson, Jr. passed away last December at the age of 87 and in his well, left his $1 million home in Coral Gables to the United States government, with the stipulation that its sale be used to chip away at the deficit. The home sold at auction for $1.175 million, and its contents will be auctioned off next month. Davidson had lived in the 1929 Spanish-style house since he was a teenager. [Miami Herald]
The 400 Richest Americans list has been released. [Forbes] Former U.S. Senator/New Jersey Governor/MF Global CEO Jon Corzine is shocked that his investors’ money cannot be found. [Los Angeles Times] What would a Bill Gates comeback at Microsoft look like? [Fortune] European Central Bank dashes hope for bolder action. [New York Times]
The RP is back at it — talking with Michael Kastneron his Wall Street Journal radio program, “The Daily Wrap.”
Money can produce lovely television ads and glossy mailers, but the beauty of presidential campaigns, as Richard Ben Cramer showed us in “What it Takes,” is that they penetrate the veneer and expose candidates for who they are, good and bad. And no amount of money can make Republican primary voters like Mitt Romney. (Cross-posted, with author’s permission, from Politico’s Arena)
Reuters takes a cogent look at the policy enacted regarding Europe that allowed yesterday's strong bull market. Yesterday, the Down Jones Industrial Average had its best day since March of 2009, soaring by nearly 500 points. But why, exactly, did it happen then? Reuters is here to explain, with a straightforward Q&A regarding the moves made by central banks that allowed the surge. Long story short: they’re bracing us for impact by making it easier and less stigmatized to lend to European banks. [Reuters] |
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In politics as in life, money can fix all sorts of problems. And in both politics and life, Mitt Romney has taken advantage of that fact.
