I spent the day in Sacramento serving on an advisory board that I helped create by passing some legislation a few years ago, and when I came back home I discovered something interesting on the web. Ann Salisbury, a Gray Davis volunteer, wants to remind us of Gray’s accomplishments, so she’s posted a list of [...]
BBH&Co. Insurance Asset Management reports on expensing options:
Every scandal has its poster children. For some reason, the lack of income statement accounting for executive stock options has become the scapegoat of choice for the most recent wave of corporate scandals. Former JPMorgan executive Walter Cadette declared in a recent New York Times Op-Ed that “the [...]
Nova last night was a repeat of a 2000 show on the spectacular failure of Long Term Capital Management, a hedge fund setup to use the Black-Scholes and similar models (Scholes himself was one of the principals) to make hugely leveraged investments in virtually all the world’s financial markets. LTCM collapsed and threatened to take [...]
Op-Ed columns are supposed to represent the point of view of the writer, and not that of the paper in which they’re published. They’re a primary vehicle for broadening the scope of newspaper’s editorial pages, and for bringing voices into the public policy dialog that wouldn’t otherwise be represented. This isn’t the case at the [...]
Sand in the Gears writes about a call for study of the root causes of the Catholic Church’s underage sex scandal:
It’s ironic, isn’t it, that calling for academic research into something has become a proven way to insure that truth never emerges? And in the meantime, homosexual men will increasingly become, through the Boy Scouts [...]
Nick Denton is upset with this Victor Davis Hanson character’s latest assault on Europe:
But the Hansons of this world should realize that they’re about as monotonous as those anti-American snobs in Neuilly and Notting Hill.
Nick has a point – we’re not as sophisticated as the Europeans in foreign affairs, because we were never an imperial [...]
Glenn Sacks and Dianna Thompson take on NOW’s crazy gender bias report: Fathers Bear the Brunt of Gender Bias in Family Courts
NOW has lobbied hard against shared-parenting legislation and today is the main obstacle to equality in family court. Yet during the 1960s and 1970s many of NOW’s leaders, including former president Karen DeCrow, were [...]
WSJ.com – Thinking Things Over discusses options today:
To put it another way: The essential purpose of earnings reports is to help the market price stocks accurately, so incorporating the share price into earnings is circular and confusing. Earnings per share is a calculation with a numerator and a denominator. Options will already show up in [...]
Tammy Bruce’s book is an excellent way to spent a few hours. Her style is very concise and direct, using as many concrete examples as she needs to make her point, neither more nor less. On the subject of liberal bias in the media, she contrasts Dan Rather’s coverage of W.’s abortion regulations as “pandering [...]
Robert Novak, the Prince of Darkness, has the smoking gun proving that the Clinton White House used the IRS to harass its enemies. Since the Clintons left the White House, former IRS agents leaked Bill Simon’s tax returns to the press:
A filing in the court last Jan. 7 indicates the documents were released by lawyers [...]
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