| Prime Minister Yulia Tymoshenko favors regulation of the operations of ...
In November 2007, President Viktor Yuschenko directed the Kyiv municipal administration to move gambling establishments outside Kyiv.
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YOUR MONEY: Charities sometime prey on the elderly, too
My mother-in-law is in her 80s, a "Rockefeller Republican" who is still politically and civically active whenever her health allows it. Recently, however, she spent eight days in the hospital.While she was away, the phone rang almost every night with calls from telemarketers hoping she’d help out some political or charitable cause. While my in-laws are on the national do-not-call registry, political and charitable groups are exempted; a long history of being active donors has made them targets for every group that has a copy of the mooch list.My mother-in-law still picks her causes carefully; she’s socially liberal but fiscally conservative — the definition of a Rockefeller Republican — and wants to continue making a difference.So imagine the surprise when her mail included a letter from Fidelis — a national organization that is the antithesis of her politics — saying that her December donation had failed to go through because the credit-card information was incorrect.The note sparked my curiosity because so many things about it seemed out of place.
Credit Crunch
With so much at stake, it is probably not surprising that a few sponsors of money market funds have stepped in to provide capital support if needed... The issue is the funds' exposure to commercial paper issued by structured investment vehicles - which are rapidly losing their raison d'etre. SIVs, it turns out, are exposed to a whole lot more refinancing risk than anyone supposed. And the unravelling of the SIV sector is hard to contain neatly. That is made worse because, since SIVs do not benefit from vast back-up lines of credit, they have to move fast to sell assets if their troubles become too pronounced." November 15 - Bloomberg (Christopher Condon and Rachel Layne): "A short-term bond fund run by General Electric Co.'s GE Asset Management returned money to investors at 96 cents on the dollar after losing about $200 million, mostly on mortgage-backed securities.
Keep Sainsbury in your larder
It's that time of year again. Christmas is over and the streets of Britain are heaving with discarded conifers. After serving their purpose, they have finally lost their allure. Unloved, valueless and slowly rotting, homeowners are desperate to get shot of them. With so many to get rid of, a huge number will just be dumped. A bit like retail shares then. Last week witnessed one of the blackest days the retail sector has ever seen. Marks & Spencer's trading statement sparked a 20 per cent sell-off, dragging the rest of the sector down with it. The consensus view was that if M&S is finding 2008 hard, the rest of the industry must face an even bleaker struggle. .
Majoras Refuses to Recuse Herself in Google-DoubleClick Review
Updated: The FTC chair denies any conflict of interest in reviewing the proposed merger between the online advertising giants.Federal Trade Commission Chair Deborah Platt Majoras refused Dec. 14 to recuse herself in the agencys review of the proposed $3.1 billion merger of online advertising giants Google and DoubleClick. Her refusal received the full support of her four fellow FTC commissioners. The Electronic Privacy Information Center and the Center for Digital Democracy questioned Majoras impartiality in the merger review in a Dec. 12 filing with the FTC. The groups claimed Majoras husband, John M. Majoras, is an equity partner at the powerful Washington law firm Jones Day, which EPIC and CDD said is representing DoubleClick in the merger review. Click here to read more about the EPIC and CDD petition.
Avalanche near Mont. resort kills at least 2 skiers; 3 snowmobilers ...
We're just distraught over this tragedy," he said. “It's been really hard on all of us." In Wyoming, three men were killed Saturday when they were caught in an avalanche while snowmobiling in the Star Valley south of Jackson. The Star Valley Search and Rescue team found the men's bodies in the Cottonwood Lake area later Saturday. Authorities say Scott Bennett, Alan Jensen and Kim Steed were all from the Afton area. Avalanches have killed at least 21 people across the West since Dec. 2, according to the National Avalanche Center. The national annual average for avalanche deaths is about 25. Thirty-five people were killed nationwide in avalanches in the 2001-2002 season, the most on record, according to the U.S. Forest Service. .
Warren Buffett Watch's 8 Predictions for '08 - And Beyond
Warren Buffett became one of the wealthiest people in the world by making predictions and putting money behind those predictions. Every time he buys a stock or a business or some other investment, he's forecasting the future. Judging by the incredible returns of his holding company Berkshire Hathaway, Buffett and his colleagues are very good at making those predictions. Of course, it helps when you can give your predictions plenty of time to come true. That's one reason Buffett's favorite holding period for investments in "outstanding businesses with outstanding managements" is "forever." After all, "We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely." With that in mind, here are Warren Buffett Watch's "Eight for '08" ..
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