Poor Alan Greenspan — ex Ruler of Rates. Once he stood before masses of moneymen who dare not cough lest they miss a word, an inflection even. Did he begin his presentation with “Ahem”, “Ummm”, “Uhhh”? Depending, men rushed to open windows high above Gotham to either throw themselves out or holler instructions to waiting minions who executed complex financial transactions.
Bernie Siegan, Distinguished Professor of Law at the University of San Diego Law School, has died at 81. The author of such books as Land Use Without Zoning and Economic Liberties and the Constitution, he was also distinguished for his beautiful manners. What a great gentleman he was.
According to a WorldTribune.com article, Blackwater USA now has a brigade-size force (1500–3500 personnel) available for low-intensity conflicts. While speaking at the Special Operations Forces Exhibition in Jordan, J. Cofer Black, vice chairman of Blackwater USA, stated:
When NY attorney general Eliot Spitzer and the Securities and Exchange Commission (SEC) cracked down on Wall Street investment research, they held up “independent” research as the ideal. Unbiased by conflicts of interest with an investment banking business, the independent research would offer more accurate, less bullish advice.
There are a legion of stories of the demise of accounting in corporate America running around out there—loose and undaunted, and perhaps somewhat exaggerated. As one corporate accounting bungle after another makes its way to the top of the headlines, the media reports on them as if detailing out a home brewing recipe. Accounting snafus are not always as simple as their layman’s understanding would have it. One thing that laymen—including economists and business journalists and wannabee criticsdon’t understand is accounting.
An individual kills someone—for money, out of jealousy, as an act of revenge, or because he doesn’t like his victim’s looks. A chorus of left-”liberals” rushes in to excuse his act, especially if he is poor. He is not responsible, they say. The real criminal is “Society,” for having allowed him to live in the conditions that led him to kill.
