Posts Tagged ‘real-estate’

$50M for Getting Fired? OXY’s Ray Irani Takes C-Level Excess to New Heights

Occidental Petroleum chairman Ray Irani lost his job Friday after 76% of shareholders opposed his reelection, the latest high-profile executive to be shown the doors.

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Dow 15,000: ‘Sometimes a Bullish Market Is Just a Bullish Market’

By Michael Santoli The Dow Jones Industrial Average jumped above 15,000 for the first time in its long history Friday morning on the strength of a thousand fears going unrealized. The employment report for April — showing a greater-than-forecast 165,000 new jobs and an unemployment rate slipping down to 7.5% — was just the latest bit of economic news that looked merely OK but was good enough to allay widespread anxiety that the U.S.

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Tony Blair: Africa Poised to Be a Great Economic Story of the 21st Century

The BRICs? So yesterday. China?

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Former British PM Tony Blair: ‘It’s About Power, That’s The Rationale for Europe Today’

As was widely expected, the European Central Bank cut interest rates for the first time in close to a year from 0.75% to 0.50%. The rate cut was driven by an economy in recession, with unemployment hitting a record high in April and inflation dropping the most in more than four years

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Rep. Eric Cantor Sees “Real Potential” for Immigration Reform But Obamacare Poses a Challenge

An estimated 11 million immigrants are living illegally in the U.S. That could change if Congress approves immigration reform, now making its way on the Hill. The Senate has a bill developed by a bipartisan group of eight including Republican John McCain of Arizona and Democrat Michael Bennett of Colorado that would put undocumented immigrants on a 13-year path to U.S

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‘Homeownership Is Still the Cornerstone of the American Dream’: Rick Newman

Housing data out this week continues to support the case that a recovery is in the making. Home prices jumped 8.6% and 9.3% since February 2012, according to the latest reading of the S&P/Case-Shiller Home Price Index for its 10- and 20-city composites. Those are the biggest gains since 2006

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Pimco’s El-Erian: Fed Is Artificially Inflating Asset Prices in “Most Unloved Market Rally”

Many market strategists credit the Federal Reserve with the rally that has pushed the Dow and the S&P 500 to record highs.

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CFTC Commissioner on #HackCrash: Beware of a Rise in Twitter Arbitrage

The Commodity Futures Trading Committee is currently holding a hearing on the market impact of the April 23 rd Twitter attack.

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Robert Shiller: Home Prices Will Remain Relatively Stagnant For Next 10 Years

More good news on the housing market.

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Gary Shilling: Henry Blodget Is a Marxist!

One of the big problems in the U.S. economy right now is that big corporations are generating record profits not by growing revenues but by cutting costs. "Costs," as everyone who works for a big corporation knows, are a synonym for employees, employee wages, employee perks, capital investment, and research and development

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