Archive for December, 2006

All Hail Damon Wayans

Wednesday, December 6, 2006 23:10 Comments Off

I’ve always loved this guy, and here he is stirring up the shit again: While Jamie Foxx makes recent racial epithet discussion driver Oprah the butt of a joke, Damon Wayans adds his name to the list of those who aren’t letting go of Michael Richards’ inadvertant launching pad for race-based discussion. At The Laugh [...]

This was posted under category: Uncategorized

Stents or Spinach?

Sunday, December 3, 2006 21:23 Comments Off

Millions of chest pain and heart attack sufferers thought they were getting a phenomenal medical advance when tiny coils that ooze medicine were placed in their arteries to keep them from squeezing shut again. These gizmos, called drug-coated stents, worked so much better than plain old metal ones that 6 million people worldwide received them [...]

This was posted under category: Uncategorized

Cholesterol Drugs Kill

Sunday, December 3, 2006 7:29 Comments Off

I’ve written before about how agents of the medical corporatocracy – such as Merck and Pfizer – are losing the patents on their cholesterol drugs and thus need to come up with more blockbusters that can hoodwink the public and make billions along the way. The solution to lost revenue streams due to generic competition [...]

This was posted under category: Uncategorized

Cap that Loan Rate, Dont’cha Know

Saturday, December 2, 2006 16:51 Comments Off

As I wrote here, the Center for Responsible Lending is trying to push for caps on interest rates for payday lending. Federal Deposit Insurance Corp. Chair Sheila Bair is very much behind the movement. One of the nation’s top banking regulators Thursday announced new efforts to develop alternatives to payday loans and other high-cost products, [...]

This was posted under category: Uncategorized

Good Regulatory News – for a Change

Saturday, December 2, 2006 16:25 Comments Off

Streamlining regulatory processes – because they will never go away – is always a good thing. It’s like paying a little less taxes – also a good thing. It was just announced this week that the NYSE (New York Stock Exchange) and Nasdaq will combine their respective regulatory operations starting as early as the spring [...]

This was posted under category: Uncategorized

Someone Slept Through Economics 101

Friday, December 1, 2006 21:13 Comments Off

The solution to housing prices – enabled by a government-led bubble – finally adjusting toward non-inflated values.

This was posted under category: Uncategorized

The Center for Irresponsible Busybodying

Friday, December 1, 2006 20:50 Comments Off

Lyndsey Medsker is an advocate for the payday loan industry and often throws some great info my way on the topic. As with Wal-Mart and smoking in private restaurants, I defend payday lending despite the myriad busybodies and statists that only wish to destroy private businesses that offer desirable products and services. From Lyndsey: The [...]

This was posted under category: Uncategorized

Please Regulate Wal-Mart. We Hate Low Prices.

Friday, December 1, 2006 20:09 Comments Off

The Wall Street Journal ran a poll back in September that says voters want the government to step in and “regulate” big companies like Wal-Mart. Those who most favor regulation are women (surprise, surprise), Southerners, and rural voters. Higher income people – who don’t shop at Wal-mart as often – were more likely to go [...]

This was posted under category: Uncategorized

Kerkorian Dumps GM

Friday, December 1, 2006 19:35 Comments Off

The news is all about Kirk Kerkorian as he dumped 14 million shares of GM – his second such dumping in recent weeks. What’s interesting is that most of the media is reporting that he “slashed his holdings by a third,” however, other sources are saying that Kerkorian is completely out – meaning that he [...]

This was posted under category: Uncategorized