Monthly Archives: May 2007

Clinton Stands Up to US Patent Bullies

If the next president of the World Bank is once again to be an American, George W Bush could do no better than to nominate his predecessor, Bill Clinton, to the job. Clinton’s bold Aids-drug initiative is one reason why.
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This is a Bull Market, Not a Bubble

What we’re in right now is a bull market, not a bubble. And although both bull markets and bubbles do come to an end, the chances of a disastrous crash are much lower in the former case than in the latter.
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Taxing the Tax-Exempt

It doesn’t make any sense to single out “debt-financed investing” for taxation in these days of extreme financial sophistication and embedded leverage.
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Kemal Dervis for World Bank President!

Dervis would be great for many reasons, not least because he would be the first president of the World Bank not to be a US citizen.
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Do Stock Prices Reflect Economic Reality?

It’s always possible to find an argument why stocks should be rising, and it’s always possible to find an argument why stocks should be falling. I’ll go with whichever argument accords with what the stock market is actually doing at the time.
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Zipcar insurance, part 3

A couple of months ago, I spoke to three Zipcar executives about the Zipcar insurance situation. I reported then: Zipcar told me that they’re going to make it much clearer on their website that their liability coverage is pretty weak; … Continue reading

Posted in Not economics | 38 Comments

Citi’s $50 Billion Climate Pledge: Less Than Meets the Eye?

Citi has pledged to do things to help the environment. But it hasn’t pledged not to harm the environment even more.
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Thomson-Reuters: Fierce Competitor, or Cozy Duopolist?

The big question is whether Thomson-Reuters will be a fierce competitor to Bloomberg, or whether the two companies will settle down into a relatively cozy duopoly, with every incentive to raise prices and little incentive to cut them.
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Larry Summers vs Martin Wolf on Russia

Summers seems to be incapable of admitting that US policy towards Russia in the aftermath of the Cold War was actually disastrous.
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Bloomberg vs Spitzer?

Mike Bloomberg
is splashed all over the front page of the New York Post today, saying he’s
interested in running
for governor
of New York when his tenure as mayor of New York City runs
out at the end of 2009.
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Rupert Murdoch: White Knight, or Dark Destroyer?

There’s a good rule of thumb in any takeover battle, when looking at the target
company: if the company’s competitors oppose the deal, it’s probably a good
deal. Let me add another: if the company’s present owners start falling back
onto soaring rhetoric in defense of the status quo, it’s probably a good deal.
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Markets: Efficient, More or Less

Even if markets aren’t efficient, you’re not going to be able to profit from it.
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One Question for Paul Wolfowitz

Why on earth haven’t you resigned already?
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Charting for Business Geeks

Mathematica’s charting abilities.
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Lou Dobbs, Harmful Populist

Lou Dobbs is a harmful nutcase. But he has every right to be.
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Should Yahoo buy Dow Jones?

Yahoo is one of the few companies which could really revolutionize news on the internet, by making all of the WSJ’s content and archives freely accessible to all.
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In Favor of a Private Equity Income Tax

The arguments against applying income tax to the income of private-equity principals are weak indeed.
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Wolfowitz’s Ouster: The End of the Bretton Woods Carve-Up?

This could be the single biggest silver lining to the disastrous Wolfowitz presidency: the end of the outmoded convention that the president of the World Bank is always an American and the managing director of the IMF is always a European.
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ABN War Descends Into Fiasco

If ABN CEO Rijkman Groenink had only done from the beginning what was best for his shareholders, rather than trying every underhanded method in the books to ensure that his bank wasn’t broken up, we wouldn’t be where we are now.
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The Murdoch Charm Offensive Peters Out

There are limits to the effectiveness of Rupert Murdoch’s
charm offensive, it would seem. Judging by today’s news, indeed, the offensive
seems to have worked only on the journalists who were physically in the room
with him when he was putting his case.
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Microsoft-Yahoo: Move Along, Nothing Here

That Microsoft-Yahoo merger everybody cared so much about on Friday? By Sunday, it was already a non-story.
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Posted in M&A | Comments Off on Microsoft-Yahoo: Move Along, Nothing Here

US Moves Towards Energy Efficient Light Bulbs

Great
news
on the front page of the Saturday WSJ today: it looks very much as
though a nationwide energy-efficiency standard is going to come into force which
will essentially force every household in the country to move from incandescent
bulbs to light bulbs which are both much more environmentally friendly and,
over the medium term, much cheaper to run.
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Posted in climate change | Comments Off on US Moves Towards Energy Efficient Light Bulbs

Who Regulates Wal-Mart’s Bank in Mexico?

American bank regulators have no interest in Wal-Mart’s new Mexican bank. Mexican bank regulators have no interest in the bank’s parent. This is a problem.
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The Murdoch Charm Offensive Hits New York

The Rupert Murdoch charm offensive hits the New York Times
today, which features a long
interview
with the man himself. And give him credit: he says all the right
things.
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Posted in Media, publishing | Comments Off on The Murdoch Charm Offensive Hits New York

Envisioning a Canadian Reuters

Reuters is already a little boring: What difference would it make if it were Canadian, to boot?
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Posted in M&A, Media | Comments Off on Envisioning a Canadian Reuters