Pete

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Posts by Pete

The FBI is closing the Anthrax case

February 20, 2010 - 8:31 pm

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Talking Points Memo says that the FBI is closing the case about the Anthrax mailing and blaming Dr. Ivins for the attacks. I’d mentioned earlier that I was skeptical about his guilt. I’m still a little skeptical.

Authorities said that in the days before the mailings, Ivins had logged unusual hours alone in his lab at [...]

Will Greece Get a Bailout?

February 10, 2010 - 10:44 pm

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From Matthew Yglesias » Will Greece Get a Bailout?:

If the Greece moral hazard play winds up not working, then investors will start demanding higher interest payments from Ireland. And if they go down, you could have the equivalent of a bank runs start to endanger medium-sized countries like Spain and Italy. At that point, everyone’s [...]

Republicans: all talk, no action on debt reduction

February 10, 2010 - 10:33 pm

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From Dana Milbank – Senate Republicans seem to have one answer for Democrats: No – washingtonpost.com:

The Senate took a vote on extending the federal debt ceiling — without which the United States would go into default. All 40 Republicans voted no.

The Senate took a vote on requiring Congress not to pass legislation that it can’t [...]

Bye-bye Sun

January 30, 2010 - 9:12 am

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Sun Microsystems used to be one of my favorite tech companies. Here’s the SEC filing delisting them now that Oracle owns it:

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Issuer: SUN MICROSYSTEMS, INC. Exchange: NASDAQ Stock Market LLC

Netflix Rental Frequency by zip code

January 24, 2010 - 8:44 am

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Here’s an interesting, interactive, graphic that shows Netflix rental frequency per neighborhood, per movie.

Supreme court ruling on campaign finance

January 23, 2010 - 9:20 am

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Matthew Yglesias points out at that the Citizens United decision may have some pretty painful consequences to our politics:

Bank of America, for example, dedicates $2.3 billion to marketing in 2008 so it’s clear that they’ve got the budget to mount a $100 million series of scathing attacks on a Senator who pisses them off and [...]

Federal Estate and Gift Taxes

January 23, 2010 - 9:08 am

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The Congressional Budget Office (CBO) has a report on Federal Estate and Gift Taxes. One of the interesting things is only 0.7% or 17,400 of estates are actually affected by the estate tax.

In 2000, before EGTRRA was enacted, 51,200 estates were taxable, representing 2.2 percent of adult deaths in that year. EGTRRA reduced the [...]

Rumour Roundup: the Apple Tablet

January 16, 2010 - 7:25 pm

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A cool mockup/rumour guide about the alledged Apple Tablet:

Top 10 Bear Stearns & Lehman execs made $2.4 billion

January 16, 2010 - 1:29 pm

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The top five executives at Bear Stearns and the top five at Lehman made $2.4 billion from 2000-2008. The popular imagining was they suffered financially with the collapse of their firms. The reality is they’d already cashed in huge amounts of stock before the collapse. From Barry Ritholtz:

Unemployment — not if you caused the crisis!

January 4, 2010 - 11:03 pm

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So if you lost your firm billions of dollars, laid off tens of thousands and indirectly caused millions to lose their jobs and drove the unemployment rate to 10.3% well, the good news is it didn’t cost you your job! 92% of management in TARP funds recipients still have their jobs! From A Fair Deal [...]

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