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Corporate Governance is about how organisations are managed and it encompasses a range of aspects with various roles for various participants or stakeholders in the organisational system of a company. A critical participant in this system is the Board of Directors. Universally, it is accepted that the Board is responsible for the performance of the […]

The Second Circuit’s Court of Appeals decided to hold off on entering a potentially ground-moving decision involving class actions brought by members The Turtles, the rock group from the 70s. In the suit, they contended that federal copyright laws do not protect sound recordings made before 1972, and that state laws must apply. If true, a […]

The Sixth Circuit employed a rather fascinating analogy comparing historical cell-site records of caller data to mailing addresses, thus raising questions about reasonable expectations of privacy. The result? The Stored Communications Act within the Sixth Circuit does not equal a mega-search. Lawyers should compare this ruling with the Houston Family case ruling, also decided by […]

The Internet’s attention span is short, but its memory is long. And if you’ve done something embarrassing, you’ll be reminded every time you Google yourself. Maybe you sent out a tasteless tweet, wrote a horrible college op-ed, or casually pepper sprayed a group of college students. Now Google won’t let you forget it. What can […]Read More

In addition to the 53% plunge in Morgan Stanley earnings driven by a collapse in FICC revenues which plunged 55% from $1.9BN to $873MM, the other major company to report earlier today was Pepsi which, if only uses GAAP data, had more disappointing numbers: total revenues declined by 3% from $12.2BN to $11.86BN, just missing […]

Down in Fredrick, MD, visiting with the KBRA FIG team this week. Last week we published a research note, “Will Negative Interest Rates Save Europe’s Banking System?”  You can read the full report with footnotes at the link below (registration is free). https://www.krollbondratings.com/show_report/4042 The striking thing about the situation in the EU is that German […]Read More

The news of Dilma’s impeachment vote kneejerk’d stocks and the real higher overnight as the almost unbelievable gains in the circling-the-economic-drain nation’s stock and FX markets extended among the “blood on the streets” dip-buyers. However, things have turned around rather quickly and it appears investors are aggressively selling the news as the collapse of government […]Read More

Just around 9am we had a simple near-term forecast: just over 30 minutes until the buying panic — zerohedge (@zerohedge) April 18, 2016 Sure enough, that’s precisely what happened as the machines promptly filled the gap (oil hasn’t): As USDJPY is driving the ship… And moments ago both the Dow and the S&P just turned […]Read More

Via Macro-Man blog, Your view of the broader significance of this weekend’s failed Doha summit directly relates, in all likelihood, to your pre-existing view on asset markets.  If you are of a bearish mindset, then of course the failure of oil producers to freeze production is bad news, and renders predictions of “supply/demand balance by […]Read More

By Chris at www.CapitalistExploits.at Taking a glance at the headlines in Europe, all I see is the world’s “woes” cropping up. Either we’re dealing with cowboys, or the market sentiment is decidedly bearish. I’ll let you be the judge… Certainly, if we were to look for positive news on European equities, we’d be looking for a […]Read More

Some critical observations on investor positioning from BofA’s Michael Hartnett * *  * On April 28th the current bull market in the S&P500 will become the 2nd longest ever 3 observations: 1. Quantitative Success on Wall Street The bull market has been driven by Policy & Positioning. In Mar’09 the long-run return from US equities […]

The world has not yet full realized the magnitude of the slowdown in China. The “official” China growth numbers claim the Chinese economy is plowing along at 6%. I use quotations around the word “official” because Chinese economic data points are complete fiction. Indeed, back in 2007, no less than current First Vice Premiere of […]