College tuitions up 6.5%, but is it a surprise?

College is becoming increasingly unaffordable for many students just entering their higher education years, with the average tuition jumping to $7,020 per year for a 4 year college, says the College Board... 

Harry Markopolos testifies to Congress: Madoff losses $15-$25 billion

We’ve written about Harry Markopolos enough, hitting Google’s top page for the searches.  We’re the only website on the Internet that posted, in text form, the Harry Markopolos letter... 

Another Madoff-like hedge fund ripoff: Arthur Nadel

After the $50 billion or so “lost” by Bernard Madoff, we have a new hedge fund manager who seemed to have disappeared with upwards of $350 million of his clients’ money: Arthur Nadel... 

Robert Jaffe re: Madoff: Don’t testify, just shut up

It’s coming to light in the media, and in the politcal circles, that one Robert Jaffe, current socialite of Palm Beach and New York circles, is being forced by the government to testify about what... 

Harry Markopolous / Markopolos Letter to the SEC 2005, against Madoff

Here is the text of the infamous Harry Markopolous Letter to the SEC from 2005, warning about Madoff Investments that he had been making since 1999.  Please note that I scanned the letter and converted... 

Must a journalist listen to the true believers in Austrian economics?

Time Magazine’s online blog, the Curious Capitalist, offers some opinions on listening to the true believers of Austrian economics: People in the U.S. who self-identify as believers in Austrian economics,... 

SEC chief has regrets over short-selling ban

  By Rachelle Younglai   WASHINGTON (Reuters) - Under fire for regulatory missteps, top U.S. securities regulator Christopher Cox defended his agency’s record but acknowledged some regrets over... 

Unstimulating spending

LiveMint, subsidiary of the Wall Street Journal, has an interesting article from an Indian perspective in regards to government projects and spending. With the government toying with the idea of another... 

Harry Markopolos / Markopoulos smells a stink from Madoff

UPDATE!  We now have the official letter from Markopolous to the SEC from 2005.  You can read the entire letter here:  Harry Markopolous / Markopolos Letter to the SEC 2005, against Madoff .   We... 

Federal Reserve M0 and H3 Explosion

Chicago, IL By A.B. Dada — People are emailing me like crazy lately asking why gold has shot up nearly US$100 in the past 2 weeks.  I was hoping to see it fall to under $600, based on my assumption... 

Who is Harry Markopoulos; why was he ignored re: Madoff?

UPDATE!  We now have the official letter from Markopolous to the SEC from 2005.  You can read the entire letter here:  Harry Markopolous / Markopolos Letter to the SEC 2005, against Madoff In regards... 

Robert Powell from MarketWatch cries: worth reading

Chicago, IL By A.B. Dada — It is with great glee that I read Robert Powell’s “boo-hoo I’m hurting” article at MarketWatch.  For those unfamiliar with Powell, he’s another... 

Gov. Jennifer Granholm: a liar, a thief, and a UAWhore

Chicago, IL By A.B. Dada — Michigan Governor Jennifer Granholm, who like every other U.S. governor is clueless about economic issues, places herself at the top of the UAWhore pile of the worthless... 

Tribune Company Bankruptcy: It still doesn’t matter

Chicago, IL By A.B. Dada — As I said last night in my post, Chicago Tribune Bankruptcy, the filing for bankruptcy by the Tribune Company is not a big deal.  The company is privately owned, so it... 

Chicago Tribune Bankruptcy Ploy: nothing to see here

Chicago, IL By A.B. Dada — With the rumors circulating about the Chicago Tribune considering bankruptcy, one has to look at way more than the big picture.  The Tribune has a great core group of... 

More Good News: Employers Cut 401(k) Matches

Chicago, IL By A.B. Dada — Corporate/State-shill Mary Pilon posts another soft promotion for her masters in an article at the Wall Street Journal titled More Bad News: Employers Cut 401(k) Matches.... 

Congress to confiscate 401k’s and IRA’s? Good!

Chicago, IL By A.B. Dada — Some blogs and press accounts are mentioning the idea of a confiscation of IRA and 401k accounts is in consideration by Congress, as a way to balance equity.  I’m... 

The DOW drops, but it’s not a sell-off

Chicago, IL By A.B. Dada — Your friendly folks and overall liars in the mainstream media continue their scare tactics as they try to explain the recent much-needed correction in the stock markets:... 

The DJIA, NASDAQ, price of gold and silver: they don’t matter

Chicago, IL By A.B. Dada — My business partner sent me a text this morning as we work together on a big project: “The DOW is under $10k!”  I popped over to the web, checked, and realized... 

FDIC Deposit Insurance and Employer Payroll Deposits

Chicago, IL By A.B. Dada — With IndyMac’s not unforeseen bankruptcy and temporary closing of its doors and ATM machines, there’s been a little fear by not just depositors for where their money...