fishercapitalmanagementstrategies.com

http://articles.economictimes.indiatimes.com/2011-07-31/news/29835710_1_bs-yeddyurappa-mining-scam-bookanakere-siddalingappa-yeddyurappa
BANGALORE: Rocked by a spate of scams and in the wake of a damning indictment by a Lokayukta report on illegal mining, the 38-month tenure of Bookanakere Siddalingappa Yeddyurappa as chief minister of the first ever BJP government in the South came to an abrupt end on Sunday.
Sunday’s resignation brings the curtain down on the rule of Yeddyurappa whose term in office was marked by intermittent rebellion from his own party men seeking his ouster and opposition protests demanding his resignation over allegations of corruption, nepotism and favouritism.
An ardent RSS activist, Yeddyurappa dragged his feet over putting in his papers initially, but gave in to the diktat of the party high command, after it took a serious view of his defiance.
Credited with playing a pivotal role in installing the maiden BJP government in the South, Yeddyurappa began his innings on a controversial note facing huge public outcry for the police firing on farmers in Haveri, a north Karnataka district town, within ten days of assuming office in 2008.
Yeddyurappa faced a political coup staged by Bellary mining magnate G Janardhana Reddy in September 2009, after he ferried more than 60 BJP MLAs to Hyderabad and Goa seeking his ouster at a time when most parts of North Karnataka was devastated by floods following heavy rain.
The BJP h...

Sheila Bair, who served as Chairman of the Federal Deposit Insurance Corporation for five years through the financial crisis, has completed her term. In a weekend op-ed in theWashington Post, she urges America to rid itself of its addiction to financing consumption and “growth” with debt. This is the core requirement for America to become financially stable again and to return to “real” growth. From Bair’s Washington Post oped:
Now that I’m stepping down, I want to sound the alarm again. The common thread running through all the causes of our economic tumult is a pervasive and persistent insistence on favoring the short term over the long term, impulse over patience. We overvalue the quick return on investment and unduly discount the long-term consequences of that decision-making.
Our decades-long infatuation with financing our spending through ever-growing debt, in the private and public sector alike, is the ultimate manifestation of short-term thinking. And that thinking, particularly in business and in government, is actually getting worse, not better, as we look for solutions to put our economy on a sounder footing.
Will pension transparency shake muniland?
Joan Quigley of the Bond Buyer is reporting on how proposed guidelines to place unfunded pension liabilities alongside other liabilities has shaken up municipal governments. It’s really just a proposal to clean up balance sheets and get the real numbers out where people can underst...

http://www.bloomberg.com/news/2011-08-03/shortening-federal-unemployment-benefits-will-help-jobless-in-u-s-view.html

By the Editors Aug 2, 2011 5:00 PM PT

In 2009, Congress extended jobless benefits to 99 weeks, the longest period in U.S. history. Those payments were meant to help unemployed workers get through a tough recession, while shoring up a faltering economy. Was it a wise approach? And with extended benefits expiring at year’s end, should compensation be prolonged again?
Drawn-out benefits have been most effective at sustaining household income for displaced workers. State and federal programs will pay $129.5 billion this year in jobless benefits, according to Labor Department actuaries. Those payments provide roughly 50 percent of lost wages.
Nearly all that cash re-enters the economy quickly as recipients pay for food, clothing or housing. For that reason, jobless benefits have long been thought of as one of the most efficient ways to prevent consumer spending from collapsing during a slump.
Unfortunately, the 99-week experiment hasn’t been so successful in helping people get re-employed. Drawn-out benefits have caused job hunts to stretch out by almost a month — with no greater guarantee of success — according to economists Mary Daly, Bart Hobijn and Rob Valletta. All three work for the Federal Reserve Bank of San Francisco.
In a discussion paper published this month, the Fed economists conclude that 99-w...

Proposed rules for derivatives trading could push up financing costs and create “material risks” for the global economy because of a lack of co-ordination, the US and European Union have been warned by the financial services industry.
The warning is contained in a letter sent on Wednesday by eight leading trade associations – including the European Banking Federation, the Futures and Options Association, the Investment Management Association and the Wholesale Market Brokers’ Association – to Tim Geithner, the US Treasury secretary, and Michel Barnier, EU internal market commissioner.

The killing of Osama bin Laden gave New Jersey’s economy an emotion-fueled boost Monday morning. But consumers and investors turned their attention to jobs, gasoline prices and inflation by Monday afternoon.



Myla Williamson gave a typical sober response when she said she was pleased to see the nation’s most wanted terrorist brought to justice. But for her, at least, the day was no different.

* Anxiety missing in VIX measure as stocks fall
* Steady nature of decline keeps worries in check
* March sell-off saw higher volatility
By Doris Frankel
CHICAGO, June 14 (Reuters) - The relentless decline in U.S.
stocks over the past six weeks lacks a key characteristic from
other recent sell-offs -- higher volatility.

Peel Regional Police, in partnership with the community will strive to create a safe environment in which to live, work, and visit. In carrying out our MISSION, members will strive to: • Protect human life as the highest priority. • Maintain the highest ethical and legal standards. • Treat all people with dignity. • Solve problems, prevent crime, maintain public order, and apprehend criminals. • Pursue the highest standards of professionalism in policing. Peel Regional Police Headquarters is located at 7750 Hurontario Street in Brampton. Phone Number: (905) 453-3311.

The Associated Press

Published: Thursday, Jun. 16, 2011 – 12:44 pm
ROME – The director of the anti-doping lab for the 2012 London Olympics has a warning for any athletes considering using banned substances.

“If you want to take drugs don’t come to London – because we’ll catch you if you take drugs,” professor David Cowan said at the end of a World Anti-Doping Association symposium on Thursday.

The Associated Press

Published: Thursday, Jun. 16, 2011 – 12:44 pm
ROME – The director of the anti-doping lab for the 2012 London Olympics has a warning for any athletes considering using banned substances.

“If you want to take drugs don’t come to London – because we’ll catch you if you take drugs,” professor David Cowan said at the end of a World Anti-Doping Association symposium on Thursday.

Cowan heads King’s College London’s Drug Control Center, the only WADA-accredited lab in Britain.

McDonald’s shares were down 1.9% to $79.63 in premarket trading Wednesday due to the smaller-than-expected rise in U.S. comparable store sales.

Ciena(CIEN_) shares were tumbling 11.4% to $21.46 after the provider of communications networking equipment reported a second-quarter loss of 24 cents a share compared with the Wall Street consensus target of a loss of 11 cents a share.

Leonard Green & Partners and fellow private-equity firm CVC Capital Partners are set to make a joint buyout offer next week for BJ’s Wholesale Club(BJ_) that could value the warehouse retailer at about $2.8 billion, The New York Post reported. Shares of BJ’s were rising 3.3% to $49.25.