March 19, 2008

CFA Institute Centre for Financial Market Integrity Says Fair Value Being Used As a Scapegoat for Bad Decisions, Lack of Compliance

Source: CFA Institute Centre

NEW YORK— The CFA Institute Centre for Financial Market Integrity today reaffirmed its support for fair value as the most transparent measurement for investors to analyze financial statements. The CFA Institute Centre also said...

March 18, 2008

$230 Billion Approved for Bank Bailout; $0 for Homeowners Facing Foreclosure; Major Actions to Avert Major Economic Crisis Continue to Avoid Central Problem of Foreclosure Crisis /

Source: National Community Reinvestment Coalition (NCRC)

Washington, DC - Last week the Federal Reserve approved $230 billion in financial assistance to banks, including a $30 billion loan directed to investment bank Bear Stearns. Those are the first major actions to bail out several...

March 17, 2008

“Vast Wasteland” Speech Holds True After All These Years - Some things never change

Source: AC News Bureau

This is an edited version of Newton Minow's speech to the National Association of Broadcasters on May 9, 1961:

Thank you for this opportunity to meet with you today. This is my first public address since I took over my new...

March 15, 2008

Fed Chairman Bernanke Address NCRC Conference on “Fostering Sustainable Home Ownership”

Source: Chairman Ben S. Bernanke

This audience, the National Community Reinvestment Coalition, is certainly aware that mortgage delinquency and foreclosure rates have increased substantially over the past year and a half. This increase reflects significantly,...

March 10, 2008

WEAPONS OF MASS DESTRUCTION – DID SADDAM HUSSEIN HAVE THEM? WHAT DID AMERICA’S LEADING POLITICAL FIGURES – OUR THOUGHT LEADERS – HAVE TO SAY ABOUT WMD…AND WHAT THE USA SHOULD DO?

The video (linked to here) was produced by the Republican National Committee but that’s not the point. The point is this: EVERYONE in positions of influence in the United States Congress and in the high halls of government...

March 7, 2008

How Businesses Can Offer Holiday Happiness

Source: Carrie Brown-Wolf

Christmas without a manger. Hanukkah without candles. Ramadan without a feast. Is this what our culture has produced?

Today's politically correct climate calls communities, schools and businesses to question their holiday...

March 7, 2008

Early Lessons from Recent Financial Turmoil

Source: Eric S. Rosengren, President & CEO, Federal Reserve Bank of Boston

My goal is to share with you what I see as some “early lessons” from the ongoing period of turmoil in real estate and credit markets.[1] It is important, given the turbulence we have lately experienced, to begin to analyze and...

March 3, 2008

"Leveraged Losses: Lessons from the Mortgage Meltdown"

Source: Federal Reserve Bank

Federal Reserve Governor Frederic S. Mishkin At the U.S. Monetary Policy Forum, New York, New York

February 22, 2008

Baseball, Steroids and Business Ethics: How Breaches of Trust Can Change the Game

Source: The Knowledge@Wharton, University of Pennseyvania

When former Senator George Mitchell finally released his report on performance-enhancing drugs in Major League Baseball last December, many of its conclusions came as no surprise to baseball fans, most of whom had heard the...

February 21, 2008

Consumers Still At Risk, Despite Recall; Americans Still Wondering: “Where’s the Beef?”

Source: Center for Science in the Public Interest

WASHINGTON—Millions of consumers could unknowingly dine on recalled beef because meat sold by Hallmark/Westland Meat Packing Co. went to grocery stores or was processed by other companies not named in the recall, according to the...