Rethinking Hedge Funds

Hedge funds were often the rage. Not so much now.

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How The Wall Street Guys Nickle-And-Dime Pension Funds To Death

It’s hard enough to amass enough money to retire. It’s even harder when the people charged with investing the money in an IRA charge really ridiculous fees, and you can’t trust the trustees to do the right thing.

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Congress Needs To Act On Inversions

Well, sure, it’s fine of the Treasury does *something* to stop tax inversions. But, that just isn’t enough. I know, I’m so naive–but it’s Congress that has to act.

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So Much For That Slow Slide

The other day, I wrote about the warning of a slow slide in the global economy. Oppsssss…

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Ohio Inversion

Another day brings yet another company scamming the taxpayer with a tax inversion gimmick.

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Confounded Only If You Aren’t Paying Attention

Once again, the elites are confounded. They don’t understand why the economy isn’t performing very well. And it leads them to pay attention to the wrong things.

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Watch The Slow Slide

Typically, it doesn’t happen with a crash. Nope, more like a slow slide–until it’s too late to avoid a really bad economic picture that hurts millions of people. And at least someone is warning of the slide.

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One Dumb Argument

You may have read about the lawsuit against Amazon, demanding workers be paid for the time they have to stand in line for post-work security screenings. Sometimes lawyers are really dumb. Like here.

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The U.S. Leading The Way? Sure…To Poverty For Millions

For all the bemoaning about the the lack of bi-partisanship and abundant political rancor, there is one thing both political parties just revel in: the rah-rah cheering over the notion that the United States is Number One in the world and leading the pack. Well, facts are a bitch, especially when it comes to the reality: globally, the U.S. is leading the way in charting a path of harshness, austerity, and poverty for millions.

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The Beast Just Can’t Help It

This is just a renegade company that can’t help itself. Greed is endemic.

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Social Security Media Stupidity #5,423: This Time Courtesy of Washington Post

I am sort of used to the foolishness spewed by the transcribers of press releases (formerly known as “journalists) when it comes to Social Security. “The sky is falling, the sky is falling” is roughly the hysteria pouring out of their mouths. But, well, it’s important to keep after them because, well, ten people still listen to Fred Hiatt at the Washington Post

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The Phony Jobs Report Hype, A Very Sick Economy & Millions of Workers Who Don’t Count

This was almost predictable: the traditional media, and too many bloggers who regurgitate what they read in the traditional media, are buying into the “rebound” in the economy because of today’s Labor Department report; the stock market goes up; and, I’m certain, pretty soon, the White House will be taking credit for all this and, subtly or not so subtly, arguing that, see, aren’t we great, vote for us. It’s nonsense.

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“Corporate U.S. Healthiest in Decades Under Obama”, Though The People Are F***ED

For Corporate America, it’s “Morning in America”, babe. Time to party, break out the champagne, lock in a little trip on the Gulfstream to the South of France. For the rest of the people, oh, well, nose to the grindstone–it’s as dark as can be.

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Your Taxes Went Up…Yawn…Shrug…Good News For Social Security!!!

In case you didn’t notice, your taxes went up at the beginning of 2013–and you probably didn’t notice. Nor did most of the country. And that’s a good thing for Social Security

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63 Million

Numbers sometimes tell a story. Today, it’s 63 million. 63 million is the only number you can remember to explain to the dim politicians and “analysts” who just don’t understand why the global economy is stumbling along. It’s simple math.

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A Billion-Dollar Bank Scam

A billion here, a billion there…all of a sudden…yeah, you’re talking real money. And one assumes that’s what the accountants at banks figure when they smile about the latest scam to pad the bottom line for banks. It’s called “dividend arbitrage”–and that “arbitrage” already gives a hint.

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