Thursday, June 29, 2006 

Patent Office Swings to New Low

The US Patent Office issued patent 6,368,227 on 9 April to Steven Olson of St Paul, Minnesota for a "method of swinging on a swing".

Wednesday, June 28, 2006 

Bear Market Jumper?


Weird Statues

Tuesday, June 27, 2006 

More Details From Black's Most Recent Court Date


Chicago Tribune

Tuesday, June 20, 2006 

A Math Interlude

Point 9 repeating equals One...

Monday, June 19, 2006 

Pearson: Always in the News

WSJ: Heard on the Street Column

Thursday, June 15, 2006 

Vacancy at the Baghdad bureau

Apparently, the Baghdad bureau chief for USA Today had this to say about the people talking about the media bias in Iraq:

"Finally, to all the Chairborne Rangers advancing the vast "negative media" conspiracy from the safety and comfort of their parents' basements: If you think you can do better, I've got a spare bed in the Baghdad bureau."

Below is Jeff Schneider's reply to him.

----- Original Message -----

From: Jeff Schneider
To: csoriano@usatoday.com
Sent: Thursday, June 15, 2006 9:46 AM
Subject: Chairborne Rangers
Mr. Soriano,

The folks who have screamed the loudest about the biased and negative media coverage of the Iraq War are by and large people like myself, servicemembers who have spent their time in the dustbowl of Iraq and know firsthand what an exceptionally poor job the media has done covering our actions. How poor do those who have been to Iraq perceive the coverage? Well, speaking for myself, there have been many times I have wondered if the reporters in Iraq were on the payroll of the insurgency.

The saying "if it bleeds, it leads" is certainly true regarding the coverage of this war. While every death is treated as if it is further proof that we are losing the war, there is nary a mention in the press of all the progress that has been made on the ground, or of all the successes that our soldiers have had working with the Iraqi people to rebuild their nation after the devastation suffered under the regime of Saddam Hussein.

I don't speak as someone who was confined to the relative safety of a basecamp during my deployment. I commanded a company running convoys throughout Iraq, and while on the roads we saw the worst of the insurgency - IEDs, mortars, and a couple of large ambushes. Despite the numerous engagements with hostile forces that I was involved in, I still have no doubt that the media coverage has been excessively negative, and I know that my opinion is shared by the overwhelming majority of folks who have worn the uniform in Iraq.

Considering that it is those who have been there in uniform spreading the word of the negative media coverage, I also take great exception to you talking about the 'Chairborne Rangers advancing the vast "negative media" conspiracy from the safety and comfort of their parents' basements'. Chairborne Rangers is a term used by those in the military, and since you are not there laying your ass on the line fighting it out every day, I don't think you have any business using that term. I know, I know, you're at risk, you're in Iraq, so you are laying your ass on the line, but really, what do you do? You go to a briefing everyday in the Green Zone. You ignore all the good news and report on the negative. You spread the message for the terrorists better than they can. You want to use military terms and be one of the cool kids? Put on 100 pounds of gear and go chase terrorists through the streets and down alleyways. Be the first one through the door chasing a terrorist into a house.

Or, report fairly on what is going on in Iraq, and if challenged about your bias, don't attack those who know a lot better than you do.

Sincerely,

Jeff Schneider
www.texasroast.com

 

If You Have to Cheat...

Cheat good.

Wednesday, June 07, 2006 

McClatchy Unloads 5 More Titles

Article Mentions 11.1x last year's cash flow.

Reuters via Yahoo

Tuesday, June 06, 2006 

Montana Columnist Brings Out the Old Yield Curve Argument

A couple more down days, & everyone might be ready for negative economic growth!

Greenspan's conundrum becomes Bernanke's predicament.

The previous fed chairman expressed surprise at the fact that multiple rate hikes had failed to create an increase in longer term borrowing rates. The current fed chairman is faced with an inflationary environment that requires further interest rate increases, although asset prices have already been brought under control.
Robust economic growth world wide, however, does imply that a soft landing could still be in the cards.

Who's making money these days? The volatility traders probably are, check out the VIX.

Forbes Article via Yahoo

Monday, June 05, 2006 

ABD launches 20 new Kensington laptop products

"For dad's , grads and back to school!"

Kensington Survey Shows That Notebook Computer Is a Constant Companion

Introducing 20 New Notebook Accessories


Saturday, June 03, 2006 

Ruling Unrelated to HLR Settlement with Canadian Tax Authority

These events raise questions about Hollinger's exsposure to the Canadian group's claim for Jerusalem Post proceeds.

The ruling implies CanWest is unable to claim an ownership interest in the Jerusalem paper.


From Business Week via Yahoo

Friday, June 02, 2006 

Moskow Signals: More Hikes On The Way.

The inflationary environment evidenced in energy and raw materials costs has yet to make its way into the consumer economy. Further interest rate tightening is clearly required to throttle demand side cost increases and limit liquidity driven speculation. Although interest rates and prices will both eventually have significant impact on the consumer side of the economy, price stability is the fed's mandate, and further rate increases are their main tool to promote that goal.

Who cares about overshooting these days anyway!

Reuters Article via Yahoo

 

Fortune smiles on SWB (bad puns aside)

A stock with firepower: Smith & Wesson
The maker of Dirty Harry's gun is hitting tougher targets lately, and its share price has been shooting up.

Fortune Small Business article

 

Morning News - Friday June 2nd

Payroll Growth Stalls With 75,000 New Jobs
- AP
Job growth faltered in May, with employers boosting payrolls by just 75,000. Yet the nation's unemployment rate dipped to 4.6 percent, the lowest since the summer of 2001.

Deutsche Boerse Vows to Pursue Euronext - AP
German stock-exchange operator Deutsche Boerse AG said Friday it would continue with its plans to acquire Euronext NV, despite a deal between the European exchange operator and the New York Stock Exchange.

Nissan and Suzuki to Expand Cooperation - AP
Nissan will supply pickup trucks for Suzuki to sell in North America in an expansion of the Japanese automakers' business cooperation that includes mutually supplying vehicles and sharing plants, both sides said Friday.

Oil Prices Rise to Almost $71 a Barrel - AP
Oil prices edged higher Friday after ending sharply lower in the previous session. Analysts said anxiety over Iran's nuclear ambitions continued to support crude futures.

Renal Care Subpoenaed Over Stock Options - AP
Fresenius Medical Care KGaA, a German dialysis company, said Friday that its U.S. subsidiary Renal Care Group has been subpoenaed by the U.S. government for information about its granting of stock options.

OPEC Stays Course, Oil May Stay High - AP
Despite lobbying by Venezuelan President Hugo Chavez for a production cut, OPEC decided to keep pumping almost as much oil as it can for now, but the move may have little impact on soaring oil prices and didn't ease concerns that the global economy could be damaged.

Japanese Stocks End Higher; Dollar Up - AP
Japanese stocks jumped Friday, reversing an early decline mainly triggered by media reports that prosecutors were investigating a Japanese investment fund.

Regulators Drop Charges Against Quattrone - AP
Securities industry regulators have dropped all charges against former star technology banker Frank Quattrone over how his investment bank allocated shares of hot IPOs during the late-1990s Internet boom.

Press to Lead Toyota Motors North America - AP
One of the most important auto executives in the country drives a pickup truck to work, greets employees by name and likes to relax by competing in triathlons. Later this month, Jim Press will become the first non-Japanese president of the Toyota Motor Corp. subsidiary Toyota Motor North America Inc., overseeing sales and engineering divisions as well as 12 manufacturing plants in the U.S. and Canada.

Thursday, June 01, 2006 

TLF - April showers bring May flowers

Huge month of May for the TLF folks who posted +15% comparable store sales for the Retail Leathercraft division.

Chairman and Chief Executive Officer, Wray Thompson, commented, "May sales rebounded nicely after a rather lackluster April. We made up April's one less sales day this month, which pushes approximately 4% of sales between the two months on a consolidated basis. Eliminating that impact from our May sales still results in a 13% gain for the month and we are certainly pleased with that."

Full press release.

 

Morning News

Retailers Report Solid Sales in May
- AP
Consumers apparently shook off their worries about higher gas prices during May, shopping with enthusiasm at stores and malls and giving many retailers surprisingly solid results. A big exception was Wal-Mart Stores Inc., whose low-income consumers are feeling the biggest financial squeeze from $3-a-gallon gas.

Productivity Rebounds; Jobless Claims Rise - AP
The productivity of American workers rebounded at a rapid clip at the start of this year and wages posted a solid gain as well, the government reported Thursday.

Study: Minorities Likely to Pay High Rates - AP
Black and Hispanic home buyers are more likely to pay high mortgage rates than white borrowers with similar credit ratings and income levels, an advocacy group found.

Heinz Profit Falls, Plans 2,700 Job Cuts - AP
Food producer H.J. Heinz Co. on Thursday said fiscal fourth-quarter profit dropped 19 percent, and said it plans to cut 2,700 jobs, or 8 percent of its work force, and exit 15 plants this year as part of a plan to cut costs and resume earnings growth.

Oil Prices Fall Ahead of OPEC Meeting - AP
Oil prices slipped Thursday as OPEC appeared set to maintain current crude output and a day after the United States signaled a willingness to hold direct talks with Iran on its nuclear program.

GM to Expand Mich. Transmission Plant - AP
General Motors Corp. will spend $332 million to expand its Warren transmission plant, the automaker said Thursday. The investment will allow the factory to produce front-wheel-drive automatic transmissions for the 2007 Pontiac G6, the new 2007 Saturn Aura and three new crossover vehicles: the Saturn Outlook, GMC Arcadia and Buick Enclave.

Judge OKs Delta Pilots' Concessions Deal - AP
A hard fought pay cut deal behind them, Delta Air Lines Inc. and its pilots will look to heal wounds that came with the battle that brought the nation's third-largest carrier to the brink of a devastating strike.

Split Verdict in Enron Broadband Retrial - AP
Of two former Enron Corp. broadband executives to be retried on fraud and conspiracy charges in the wake of a hung jury last year, one faces prison and the other is free.

Sun Microsystems to Cut Up to 5,000 Jobs - AP
Sun Microsystems Inc. CEO Jonathan Schwartz articulated his company's first major strategy shift since taking the reins five weeks ago, announcing a plan to shave up to $590 million in annual costs with as many as 5,000 job cuts.

 

SWB - getting on the radar screens of Wall St

In the past week 2 research firms have initiated coverage on SWB: Cowen & Co and Miller Johnson. Both with outperform ratings. Cowen thinks SWB stock can outperform the market by 15-20% in the next 6 - 12 months. Miller Johnson has a $12 target price. Wall St finally catching up.

Cowen announcement

Miller Johnson announcement

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