Tag: SEC

Stuff YOU might have missed if YOU have been fly fishing too much – 07/13/09

Technology

  • RSA’s Coviello: Cloud Computing Not Secure Enough [PC World] – Web 2.0 and widgets led to the cloud computing craze, so it’s no wonder security wasn’t part of the deal. Nonetheless, while RSA has a clear vested interest in pitching more secure web apps, I’m in complete agreement with Mr. Coviello. Only I don’t think RSA will be the sole innovator in the space.
  • Are You Helping Facebook Outrank You For Your Brand Name? [search engine land] – Get lots of attention over at a site you don’t control, and lose control of your brand in the process.
  • How to Ease Your Transition to Google Voice [LifeHacker] – The dial once, ring everywhere service formerly known as Grand Central is getting aggressive with invitations (even I got one), but I think Google really needs to add the ability to port numbers before it really takes off. PS: I heard Google is using the voicemail service to perfect it’s own text-to-speech services. Is that true?
  • Flickr adds direct-to-Twitter publishing [VentureBeat] – Now playing on Flickr, a way to automatically tweet your photos as you post them. This geek couldn’t figure out if the service would tweet all your photos or whether it could be done on a selective basis, but he couldn’t figure out how to link his Twitter account with his Flickr account either. Then he bailed on the idea altogether.
  • Finance

  • What’s North Dakota’s Secret? [Forbes] – North Dakota had twice the growth of the any other state in 2008, except Wyoming, which it still handily trounced. It presently has the lowest unemployment in the nation, and the 20th ranked GDP per capita. And a budget surplus. Huh?
  • U.S. Home Prices to Fall Through 2011’s First Quarter [Bloomberg] – Unemployment becomes the next leg in the foreclosure boom, and more than half of the major cities in the US are expected to see falling prices for the next two years.
  • The Rental Market Stinks Too [The Atlantic] – While some thought rising foreclosures would lead to rising rental prices as former homeowners mortgagees bailed, the opposite has happened in many places.
  • Mean Street: California IOUs and the Great American IOU Market [WSJ Deal Journal] – Banks won’t take them, and recipients have to eat. The SEC is coming to the rescue, declaring California’s funny money a municipal security and hoping a regulated market will arise for their trade. I wonder if anyone will be allowed to short them.
  • Fly Fishing

    Give yourself a break, will ya’?

    Adieu.

    Post-Thanksgiving things to be thankful for

    A list not worth saving

  • I’m thankful one of my guests yesterday was an attorney.  He’s already threatened to sue me over my cooking and I need a good lawsuit to keep my mind off work this holiday season.
  • US investors should be thankful for the SEC. They’re keeping their priorities straight.
  • The fishing industry should be thankful that nobody weighed this roosterfish.  They’re gonna save a lot of endorsement money as a result.
  • Retailers should be thankful gas prices are plummeting.  Consumer confidence is on the rise, just in time for the holidays.
  • Social network addicts should be thankful they have so many online friends, and that getting rid of them is such a good laugh for the rest of us.
  • And…

  • Those that have written off the mainstream media and its associated lackeys as toddlers in constant need of a new binky should be thankful that there are still some real grownups around.
  • Adieu.

    Story of the Day: Mark Cuban’s SEC tangle (UPDATED)

    Never has a story hit my feed reader from so many angles, and so often. I can’t even sort through what is simply an update to a previous article, and what is new.

    Nevertheless, Mark Cuban has been accused of insider trading by the Securities and Exchange Commission. Mr. Cuban has released a brief statement via his attorneys.

    I could certainly be wrong, but at first blush the whole thing stinks. The timing is prescient – right in the middle of backlash against the SEC, and calls for investigations against Congress persons who may have been tangled up in mortgage deceit. The target is ripe for distraction creation – Mr. Cuban is extremely outspoken, a very public face, and can easily afford the disgorgement and fines posed for in the complaint without blinking an eye. It makes for quite the display (as the number of news sources covering the issue attests to) – a highly effective sidebar. Further, few are making hay of the bigger story – Mamma.com was always a problem child, as this WSJ snippet points out. How could the SEC take the word of anyone at a company so embroiled in such far-reaching scandal?

    I don’t mind playing by the rules because I consider learning said rules, how they work, and their true intent half the fun. I consider those who don’t lazy.

    I don’t think Mark Cuban is the lazy type.

    UPDATE: A slightly different SEC angle.

    On Credit Crisis, Where Is The SEC?

    Liz Moyer asked the question, albeit in past tense.

    Giving lenders a whole lot of leeway at the expense of investors, I suspect.

    Never Argue With Billionaires

    Mark Cuban has an interesting post on shorting stocks, entitled I feel so dirty….Naked Shorts.

    While most of Mark’s post targets SEC rules regarding stock loan regulation and its related market impact, I am not going to argue with him about shorting as he is right on target (most of the time). I short stocks as well – in fact I short more stock than I buy. Reason being something similar to what Mark says about bias.
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