From the monthly archives:

March 2009

FDA Nuts! Pistachios This Time

March 31, 2009

Perhaps the FDA and some of the companies… Kraft, in particular… are getting the jump on a salmonella outbreak.  Could this be a lesson learned from the last nut salmonella outbreak, that killed several and sickened many?
Two million pounds of pistachios that have been distributed nationwide were recalled Monday, the Food and Drug Administration [...]

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“Washington Week” Disappoints

March 27, 2009

“Washington Week with Gwen Ifill” lost its grove this week.  The panel, made up of the usuals, demonstrated that they have little real understanding of what is going on this week.  Maybe the President of the United States is not in a bubble.  Maybe it’s the press.
The topics were the usual.  However, to hear one [...]

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Geithner Goes to Congress, Obama Goes Online

March 26, 2009

The G-O team of Secretary of Treasury Timothy Geithner and President Barack Obama were the stars of today’s showtime.
Secretary Geithner once again faced questions before the House Financial Services Committee, this time about reform:
“To address this will require comprehensive reform,” Geithner said in prepared testimony for a House Financial Services Committee hearing. “Not modest repairs [...]

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The New EPA

March 25, 2009

Could it be true?  Is there really a new emphasis on the environment coming from the EPA?
The Environmental Protection Agency put hundreds of mountaintop mining operations on notice that they would be the focus of closer scrutiny yesterday, saying it needs to review their impact on local streams and wetlands before they [...]

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The Press Was Asleep During the Obama Press Conference

March 24, 2009

President Obama’s prime time press conference was an opportunity for the press corp to ask some hard questions about the economy and upcoming proposals on financial regulations.  Instead Anne Compton wasted her time asking if the President and his administration discussed race in the White House.  There were a few other questions that were steered [...]

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AIG Gets Some Bonuses Back with Resignations

March 23, 2009

Under pressure to return the over $200 Million in bonuses, 15 of 20 executives in the Financial Products division have returned their bonuses.  The Financial Products group, most commonly referred to in Congressional testimony as the “FP” is the rogue division that took AIG from a well respected insurance company to the high rolling gambler [...]

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SEC Trains Market Cops (to Take the Blinders Off?)

March 23, 2009

Oh, please!  According to Reuters
Burned by their failure to uncover the biggest Ponzi scheme in history, U.S. securities regulators are ramping up training of staff on how to spot the warning signs of market swindles.
The Securities and Exchange Commission has been widely criticized for failing to spot the $65 billion fraud carried [...]

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