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From On High (Free subscription) | yesterday
Can they be considered experts if they keep changing their expert predictions? This (in " What recovery? Unemployment shoots past 10 percent ") does not give one warm-n-fuzzies: Just when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse...
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Random Thoughts from Reno (Free subscription) | 07/11/2009
is 10.2-percent unemployment. It's just happy talk nonsense to get consumers to spend money and get the economy jumpstarted. I have said a bazillion times there needs to be governmental programs to get the economy kicking up again . More from the article: When discouraged workers and underemployed ones are factored in, a more broadly defined unemployment rate stands at 17.5 percent. Some 35 percent...
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PEU Report (Free subscription) | 07/11/2009
Tyler Durden of ZeroHedge summed a Moody's report on flagging private equity underwriting (PEU) deals. He posted the detailed analysis. The Carlyle Group's distressed affiliates include: ARINC Allison Transmissions Freescale Semiconductor Frontier Drilling Harrahs -(not credited to Carlyle in the report) Hawaiian Telecom- bankruptcy HD Supply LifeCare Holdings Oriental Trading PQ Corporation Sequa...
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Cato-at-liberty (Free subscription) | 07/11/2009
As a footnote to Chris Moody’s post about Monday’s 20-year anniversary of the fall of the Berlin Wall, I just came across this article about red deer refusing to cross from Germany into the Czech Republic. This, of course, is a border that was the once heavily fortified dividing line between free West Germany and captive Czechoslovakia. Even deer who weren’t born when [...]
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24/7 Wall St. (Free subscription) | 06/11/2009
Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) has just reported its Q3-2009 earnings. This will be perhaps one of the last similar earnings reports with a relative comparisons because of its recent acquisition of Burlington Norther Santa Fe (NYSE: BNI). The ongoing selling of Moody’s Corp. (NYSE: MCO) will be very limited in comparison to [...]
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PR News Wire (Free subscription) | 06/11/2009
NEW YORK, Nov. 6 /PRNewswire/ -- Cerberus Capital Management, L.P. ("Cerberus") issued the following statement in response to Moody's November 2009 Global Report:
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SimoleonSense (Free subscription) | 06/11/2009
Thanks Paul for sending this article. Click Here To Learn About How How Central Bank Repos Create Conflicts Of Interest Introduction (via FT/ Alphaville) While investors will be looking for signs that the ECB may be preparing to wean banks off their liquidity programmes, Moody’s warned on Wednesday that such operations may cause conflict of interests for structured [...]
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just a marine (Free subscription) | 06/11/2009
What’s gonna happen when we default? It’s gonna be bad. And the impacts vary depending on which government we are talking about. Some are better than others. There are federal, state, county, city, and even school boards that have much to say about taxing us. And we continue to pay because we have to. And default means simply we cannot pay our debtors. Fellow human beings with money will...
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HIDE YOUR ARMS (Free subscription) | 06/11/2009
Like Pulp Fiction? Yes. Like typography? Yes. Like t-shirts? You could say that. Like Zazzle stores? Ummm… Jarratt Moody’s Pulp Fiction Tees [via JoshSpear]
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Law Blog - WSJ.com (Free subscription) | 06/11/2009
The U.S. filed criminal charges against 14 people, including lawyers and an ex-Moody's analyst, in an expanding insider-trading probe that had identified some $40 million in improper profits.
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Richard's Ideas (Free subscription) | 06/11/2009
1. MouseHunt (1997): Lars (Lee Evans) and Ernie (Nathan Lane) Smuntz are two hapless brothers, and sons of wealthy string manufacturer Rudolf Smuntz (William Hickey). Pop, as they called him, dies, leaving them his vintage string factory and a handful of personal items including a box of cigars, which Ernie quickly takes, and the deed to an old mansion with a bank debt. Later that day, a couple of...
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People Daily (Free subscription) | 06/11/2009
Fourteen people, who have been charged in a federal investigation of insider trading in the hedge fund industry, were arrested on Thursday. The defendants include hedge fund traders and money managers, a mergers and acquisitions attorney, a corporate executive, and an associate analyst for the Moody's credit rating agency. The case alleges that money manager Zvi Goffer led an insider trading ring,...
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DealBook (Free subscription) | 05/11/2009
The Private Equity Council criticized Moody's Investors Service for a new report that was critical of the private equity industry.
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Boston Herald (Free subscription) | 05/11/2009
Three major bond rating agencies are complimenting the fiscal stewardship of the Patrick administration. Fitch Ratings, Moody's Investor Services and Standard &...
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Boston Globe (Free subscription) | 05/11/2009
Three major bond rating agencies are complimenting the fiscal stewardship of the Patrick administration. Fitch Ratings, Moody's Investor Services and Standard & Poor's all affirmed their credit ratings for Massachusetts this week.
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