Loren C. Steffy's Blog, page 75
August 4, 2011
The market learns to read
The market is taking an ugly turn today, after appearing to break its slump yesterday. The downturn appears to be a widespread reaction to mounting concerns about the global economy, the increasing possibility of a double-dip recession. It appears investors are finally coming to terms with our global economic reality. As the Calculated Risk blog [...]
August 3, 2011
Mulva's big year: options, restricted stock, yadda yadda yadda, $360 mln
ConocoPhillips' chief executive, James Mulva, has never been hurting in the wallet department. Since 2002 when he assembled the company and moved it to Houston, he's been a persistent Top 10 member of the Chronicle's list of highest-paid executives. This year was no exception, with Mulva raking in total compensation of $18 million. That, however, [...]
Senate goes home, leaves 4,000 at FAA out of work
Having closed the curtain on the Debt Theater's latest production, the cast and crew in Washington is ready for a little break. After all, doing nothing sure is hard work. So rather than tackle the ongoing problem of failing to pay for the agency that oversees commercial aviation, the Senate decided to pack up and [...]
August 2, 2011
Harry Potter and the Roasted Bankers
This weekend, seeking a bit of refuge from the endless political theater of the manufactured debt crisis, I took my entire family to see the final Harry Potter movie. We had agreed to wait until we could all go see it together. I started out reading the first couple of books to my kids when [...]
August 1, 2011
Salinas' firm, others swindled investors, regulators say
State and federal regulators filed separate actions against companies owned by local basketball booster David Salinas, claiming the firms peddled bogus corporate bond investments to clients and misled them about how their money was being invested. Salinas, who founded Houston Select Basketball in 1992, committed suicide last month as the investigations into his investment firm [...]
Market has bigger worries than the debt ceiling
The stock market seems unimpressed with the long-awaited deal to raise the debt ceiling. The Dow Jones Industrial Average dipped lower in late trading, after paring steeper declines earlier in the day. It wasn't exactly the cheers many expected from investors with the debt deal apparently struck and default averted. The debt ceiling issue was [...]
