Archive for February, 2008

Sarbanes-Oxley Delist-a-thon

Friday, February 29, 2008 21:31 Comments Off

Two heartland banks are delisting to become private companies in order to ditch the burdens of compliance, namely Sarbanes-Oxley (SOX). Northeast Indiana Bancorp announced that it plans to delist from Nasdaq. Additionally, Peoples Bancorp also voted to delist because “It is becoming increasingly expensive to be a listed company and be filing with the SEC,

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Buckley and the Beltway Lite-Libertarians

Friday, February 29, 2008 18:41 Comments Off

Peter Klein says it all on the blog. Bob Poole’s fawning eulogy helps illustrate the split between libertarians who think that libertarianism has something to do with, oh, I don’t know, THE STATE, and those who see it as a kind of hip and fashionable lifestyle movement. Poole is happy that Buckley “kicked out [...]

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State Icons May Not Be Secure

Wednesday, February 27, 2008 19:32 Comments Off

Gasp! Horrors! The 40-page assessment by the Interior Department’s inspector general accuses the Park Police of an “overall lack of commitment to its icon security responsibilities.” This means that the gigantic, ugly icons that litter the streets of America – such as the Lincoln blob and other presidential monuments – could potentially be defaced, such [...]

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Fannie and Freddie Are No Longer Grounded

Wednesday, February 27, 2008 19:24 Comments Off

The Office of Federal Housing Enterprise Oversight, acting after Fannie Mae published audited financial results for 2007 on Wednesday morning, said the two companies’ mortgage investment limits, currently at around a combined $1.5 billion, would be lifted effective Saturday. Freddie Mac is due to report is financial results on Thursday. The caps were imposed in [...]

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The Media Loves the Security State

Wednesday, February 27, 2008 19:04 Comments Off

In October 2006, Newark Liberty checkpoint and baggage screeners missed 20 of 22 fake explosives and weapons that covert TSA agents attempted to sneak through during tests, according to federal officials familiar with the results. In November 2007, the U.S. Government Accountability Office found “our nation’s airlines were vulnerable to a suicide bomber” after investigators [...]

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Government Flu Shots: From “Recommended” to Mandatory?

Wednesday, February 27, 2008 18:39 Comments Off

The government has taken one step closer to realizing its dream of forcing people to get flu shots. Whereas the Centers for Disease Control and Prevention’s Advisory Committee on Immunization Practices used to “recommend” that children from 6 months to five years get flu shots, it now recommends that all “children” from ages 6 months [...]

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A Bull Market for CPAs

Monday, February 25, 2008 5:13 Comments Off

Thanks in part to Sarbanes-Oxley and the public education system, the US is facing a shortage of bean counters. Much has been said on this topic in recent times, and indeed, it is true. There are several explanations for this. While government has diverted resources from a variety of bean-countering activities to SOX and internal [...]

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Science in Service to the State

Monday, February 25, 2008 5:04 Comments Off

Over the last 60 years a new power structure, the state, has taken control of information. It uses federal tax money to fund and control research through the peer-review grant system. It forms mutually advantageous partnerships with industry and the academic community, which do its bidding. The state holds sway over education. And to round [...]

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Viva Wolfgang Puck!

Sunday, February 24, 2008 22:17 Comments Off

One of my favorite restaurants happens to be Wolfgang Puck’s Chinois in Las Vegas. This place is incredible, and has the greatest Sake martinis, along with some of the best vegetarian food I have ever had. The eggplant and tofu are glorious. Each time I have been to Vegas I have gone there, and it [...]

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“Tax Credit” Obamanomics

Sunday, February 24, 2008 11:33 Comments Off

A rundown of Obamaism. This guy is almost beginning to make Hillary Clinton look good….

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