Kmart is so spooked by the potential for accounting problems that they’ve opened an investigation based on an anonymous letter to the company.
“Kmart Launches Accounting Investigation”
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Any hint of an accounting problem gets Wall Street very nervous. The SEC is looking at the way RSA Securities previously reported revenue. One analyst said the accounting only deals with 1% of revenue, but another anaylst said that regardless, “RSA is now only appropriate for the most speculative investors willing to bet […]
The Rink Rage Killer only got 6-10 years. The judge admitted it was lenient, but didn’t have the guts to hand out a longer sentence. So, in Massachusetts, not being able to control your temper and killing another human being is only worth a minimum of 6 years of your life.
“Hockey Dad Sentenced […]
Cooked books, shredded documents, calls to government officials for help, and now a suicide. What else will happen with Enron?
“Ex-Enron Exec An Apparent Suicide“
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Wal-Mart will soon become the world’s largest company. The same can’t be said for K-Mart.
“Wal-Mart Aims for No. 1 Spot”
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In his tribute to Robert Nozick, he writes:
But he will long be remembered for what he did best when he was young: To take up arms against the conventional wisdom in favor of big government and extensive political power, and in so doing to secure for himself a place as one of the great political […]
Influential libertarian philosopher Robert Nozick died. His most well-known and influential book Anarchy, State, and Utopia made the case for a minimal state and energized classical liberal thought. Godspeed, Robert.
“Philosopher Nozick Dies at 63″ [via Silicon Central]
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Iran’s new alliance with Arafat is just a way for Iran’s tenuous leadership to hold on to power. Many Iranians are fed up with the religious leaders and their government puppets. Forcing a fight with Israel may help them rally the populace.
“Growing Concern Over Iranian Campaign To Destroy the Jewish State”
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Wendy Gramm certainly has a problem–more than anyone in the Bush administration. She serves on Enron’s board of directors. Specifically, she is on the audit committee. Her problem is: did she know about Enron’s accounting shenanigans? If she did, she certainly didn’t take advantage of that knowledge like Enron executives did. […]
Ev has demoed Blogger Pro. Robert Scoble was at the meeting. Some of the features are neat, like staggared posting. All I want is a stable, reliable Blogger, and at $30/year ($50 in the future) I hope Blogger Pro will fit the bill.
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Didn’t Robert Altman threaten to leave the country if George W. Bush was elected President? What’s taking him so long?
“Don’t Come Back” [via Drudge]
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I’ve been trying really hard not to go all-Enron-all-the-time, but Bob Bartley is just too good. He takes a broader view of the largest bankruptcy in American history. He notes that in a capitalistic economy people make mistakes and businesses fail. The alternative would be “some group of brilliant and well-informed mandarins […]
The West is doomed because Europeans and Americans aren’t having enough kids while non-Westerners multiply like rabbits. That is Pat Buchanan’s argument in his latest book. Buchanan has moved from traditionalist conservative to populist to nostalgic reactionary with racist overtones.
“Closed Door Policy“
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It’s been a few weeks since Stephen Ambrose’s copycat flap and finally the Milwaukee Journal Sentinel comments. Ambrose is originally from Wisconsin, and the state’s paper of record gets around to offering a very bland editorial criticizing Ambrose’s sloppiness.
“An Author’s Worst Nightmare”
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It’s pretty simple to analyze Green Bay’s loss to the Rams: Brett Favre biffed it. Throwing six interceptions (three were returned for touchdowns) doesn’t give your team much of a chance to win. The Packers racked up more offense than the explosive Rams, but the turnovers were too much.
Even with the disasterous […]
