CNBC Misses Penny Pritzker-NSA Scoop at Davos

By: Saturday January 25, 2014 8:59 am

CNBC has been hanging out all week with all the cool kids at Davos. I happened to see bits and pieces of their coverage, and found like much like watching the E! network reporting on the Golden Globes, albeit without Joan Rivers. Even the CNBC folks cop to this comparison, given the headline to their roundup of links to a bunch of their interviews.

But if a scoop falls in your lap and no one notices, does it make a sound?

Always Enough Time to Do It Over

By: Sunday October 27, 2013 4:00 pm

I have worked on large, complex client-server applications for child welfare databases for various states. I have tested various applications or overseen testing as an IV&V contractor in multiple states. I was not at all surprised to hear that testing had been given short shrift because testing is pretty much always given short shrift. Invariably, the project schedule and “go-live” dates are seemingly graven in stone so when problems crop up, time has to be taken from other areas in order to meet the required date.

CNBC Jumps Shark, Drops Pretense And Does JPMorgan Damage Control Live

By: Monday September 30, 2013 12:02 pm

CNBC is the Fox News of financial journalism in that few consider them to be journalists. The financial press in general has a reputation for being courtiers for Wall Street in hopes of finding a job or spouse in the halls of money. But CNBC fails to even offer the patina of journalistic pretense most of the finance press displays. They are, quite clearly, hacks posing as journalists.

Federal Reserve Program Is Socialism for the Rich

By: Friday September 20, 2013 12:50 pm

If you have followed any economic news at all you will have heard the term quantitative easing, or QE, which is technocratic shorthand for the Federal Reserve shoveling funds into Wall Street banks to produce a phenomenon known as the “wealth effect.” The wealth effect relies principally on trickery. The hope being that people will see higher asset prices, and in a self-fulfilling prophecy, invest and produce more thinking the economy is better – which will make the economy better. So endeth the theory.

The reality is the Federal Reserve’s QE program has made the rich a lot richer and done little to nothing for the poor and middle class.

Obama Patron Warren Buffett Buys Over $500 Million of Suncor Tar Sands Stock

By: Friday August 16, 2013 3:20 pm

Warren Buffett – the fourth richest man on the planet and major campaign contributor to President Barack Obama in 2008 and 2012 – may soon get a whole lot richer.

That’s because he just bought over half a billion bucks worth of Suncor Energy stock: $524 million in the second quarter of 2013, to be precise, according to Securities and Exchange Commission filings. Suncor is a major producer and marketer of tar sands via its wholly owned subsidiary Petro-Canada (formerly Sunoco) and this latest development follows a trend of Buffett enriching himself through dirty investments and deal-making.

Not Even Wall Street Wants Larry Summers at the Fed

By: Monday July 29, 2013 9:59 am

Summers is even less popular with Wall Street than he is with liberal bloggers and Democratic senators.

Late Night: There Are No Magic Wands

By: Wednesday July 17, 2013 8:00 pm

When did we reach the point where proposed legislation like Glass-Steagall is being presented as a miracle cure/magic wand that will cure all the ills? We do not live in a binary world where the options are all-or-nothing. Senator Warren maintained her composure and pointed out to the Wall St Shills Squawk Box hosts this exact point.

Late Night: Oh Noes! Wall Street Might Not Get Their Bonuses!

By: Tuesday October 9, 2012 8:00 pm

What I find most ironic about these CEO deficit hawks complaining about the “uncertainty” that is hurting the economy is that they are the ones responsible for helping to create said uncertainty to begin with.

Romney Now Losing on the Economy

By: Tuesday September 25, 2012 11:40 am

Obama hasn’t just neutralized Romney’s previous advantage on the economy — according to new polling, Obama has actually taken the lead on the question of who would best handle the economy.

If Barofsky Didn’t Work Out, I Have Another Guest Possibility for CNBC

By: Thursday August 23, 2012 7:30 pm

I’d be a bit surprised to see Neil Barofsky grace the airwaves of CNBC again. But I have good news for CNBC. I have another exciting guest opportunity for them.

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