Investing








You know a tipping point has been reached when the financial press starts writing about ways to profit from legalized marijuana! From MarketWatch: Mark Twain is said to have remarked that a…





If you work on Wall Street it’s time to take Bill’s Hicks’ advice for advertising and marketers … because this will never happen. Sheila Bair writes in the Washington Post: Are you…


Matt Taibbi bursts the bubble of all those gogo Internet companies and their bankers who are celebrating the JOBS Act, in Rolling Stone:

Boy, do I feel like an idiot. I’ve been out there on radio and TV in the last few months saying that I thought there was a chance Barack Obama was listening to the popular anger against Wall Street that drove the Occupy movement, that decisions like putting a for-real law enforcement guy like New York AG Eric Schneiderman in charge of a mortgage fraud task force meant he was at least willing to pay lip service to public outrage against the banks.

Then the JOBS Act happened.

The “Jumpstart Our Business Startups Act” (in addition to everything else, the Act has an annoying, redundant title) will very nearly legalize fraud in the stock market…





USUncutAt Bank of America’s first Investor Conference in three years (3/8/11), organizers from US Uncut crashed the event to protest corporate tax dodgers and public service cuts. The room was packed with 300 hedge fund managers, institutional investors, & asset managers.

What US Uncut said:

When corporations like Bank of America don’t pay their fair share of taxes, we have to ‘cut’ teachers, firefighters, and public servants. Do you pay your taxes? So do we. Why don’t corporations pay their fair share, just like everyone else? Bank of America is Bad for America. Bank of America pockets Billions in profits and bailouts, but $0 in American taxes — that’s immoral and un-American.




The Crime of Our TimeI came across this topic while working on the Disinformation-published The Crime Of Our Time, written by Plunder filmmaker Danny Schechter. To me, this is one of those topics, the media should be more concerned about, (60 Minutes did report on this last night), but I wonder if the fear of massive manipulation destroying confidence in the entire system is causing many to look the other way. 60 Minutes reports:

It may surprise you to learn that most of the stock trades in the U.S. are no longer being made by human beings, but by robot computers capable of buying and selling thousands of different securities in the time it takes you to blink an eye. These supercomputers — which actually decide which stocks to buy and sell — are operating on highly secret instructions programmed into them by math wizards who may or may not know anything about the value of the companies that are being traded.

It’s known as “high frequency trading,” a phenomenon that’s swept over much of Wall Street in the past few years and played a supporting role in the mini market crash last spring that saw the Dow Jones Industrial Average plunge 600 points in 15 minutes. Most people outside of the industry know very little, if anything, about it. But the Securities and Exchange Commission and members of Congress have begun asking some tough questions about its usefulness, potential dangers, and suspicions that some people may be using computers to manipulate the market.


So are the mega-wealthy creating another asset bubble, or do they know something that the peasants who invest in stocks, bonds and real estate don’t? From Reuters: The world’s wealthiest people have…